IPO Issue Details
Issue Price / Price Band₹54 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size62,90,000 shares (aggregating up to ₹33.97 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 13 Dec 2022
Subscription CloseThu, 15 Dec 2022
Anchor AllotmentMon, 12 Dec 2022
Basis of AllotmentTue, 20 Dec 2022
Initiation of RefundsWed, 21 Dec 2022
Credit of Shares to DematThu, 22 Dec 2022
Listing DateFri, 23 Dec 2022
UPI Mandate Deadline2022-12-15
Application & Investment Details
Retail — Min (1 Lots)₹1,08,000 — 2,000 shares
Retail — Max (13 Lots)₹1,404,000 (13 Lots)
HNI — Min (2 Lots)₹2,16,000 — 4,000 shares
QIB Quota47.44% of Issue
NII / HNI Quota14.28% of Issue
Retail Quota33.26% of Issue
Market Maker Quota5.02% of Issue
P/E Ratio (Pre-IPO)45x
Net Offer to Public59,74,000 shares (aggregating up to ₹32.26 Cr)
Reserved for Market Maker3,16,000 shares (aggregating up to ₹1.71 Cr)
Pre-IPO Promoter Holding1,76,98,600 shares
Post-IPO Promoter Holding2,39,88,600 shares
About Droneacharya Aerial Innovations Ltd.
Incorporated in 2017, Droneacharya Aerial Innovations Limited provides high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high configuration workstations, Drone pilot training & specialized GIS training g.The company's offerings can be classified into four broad categories namely,1. Training (DGCA Certified Drone Pilot, Drone Building, Aerial Cinematography & Aerial Making and Drone data processing).2. Services (Consultancy services to Govt. & private organizations, reality capture data processing software, anti-drone solution for rogue UAV and UTM air traffic management solution).3. Surveillance (land surveying and underwater services).4. Others (Partnering up with SPH Engineering from Latvia, Droneacharya is also able to provide integrated drones solutions for Bathymetry, drone hows, Hydrography, industrial and archaeological surveys, along with Environmental Monitoring).Droneacharya Aerial Innovations Limited Drone is a full-fledged innovative solution, based out in the Cultural and IT hub of Pune, Maharashtra, with offices operating in Pune.Droneacharya's recent pre-seed funding round closed at a whopping USD 4.6 Million, which is the highest for any drone startup across the country.
Objects of the Issue
Droneacharya Aerial Innovations Ltd. proposes to utilise the net proceeds for the following objects as stated in the DRHP:
1
1) Purchase of Drone and other accessories.
2
2) General Corporate Expenses.
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,76,98,600 shares
Post-IPO Promoter Holding
2,39,88,600 shares