Drone Destination IPO Details

Drone Destination IPO Details

Open Date

07 July 2023

11 July 2023

2000

₹ 44.20 Cr

Close Date

Lot Size

IPO Size

Listing At

NSE SME

Listing Date

19 July 2023

Price Range

₹ 62 to ₹ 65 per share

Drone Destination IPO Specifications

Drone Destination IPO Specifications

Drone Destination Limited is India's leading Drone as a Service and Training Company. The entity is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering Certified training programs at multiple locations pan-India. The company became the first Drone Training Partner of the National Skill Development Corporation (NSDC) in Oct 2022. They have the largest Training network in India in their segment.

About - Drone Destination IPO

About - Drone Destination IPO

The IPO comprises a total issue 6,800,000 shares (aggregating up to ₹44.20 Cr)

Drone Destination IPO - IPO Size

Drone Destination IPO - IPO Size

The Company proposes to utilize the funds towards funding the following objects: 1. To meet the expenses for the purchase of new drones. 2. To meet the expenses for the purchase of the vehicle. 3. To meet the Capital Expenditure Requirement. 4. To meet the Working Capital requirements. 5. To meet the General Corporate Purposes. 6. To meet out the Issue Expenses.

Drone Destination IPO  - Objective

Drone Destination IPO  - Objective

Drone Destination has IPO lot size is 2000 shares.

Drone Destination IPO  - Lot Size

Drone Destination IPO  - Lot Size

The allotment date of   Drone Destination  IPO is set for 14th July, 2023.

Drone Destination IPO  - Allotment Date

Drone Destination IPO  - Allotment Date

The book-running lead manager to the offer is Narnolia Financial Services Ltd

Drone Destination IPO  - Book Runners

Drone Destination IPO  - Book Runners

Drone Destination IPO Details background image

Drone Destination IPO Details background image