-4.05 (-1.83%)
Offer Price
Issue Size
Min Investment
Lot size
Build the largest network of Drone Hubs pan-India, offering multitude of drones, services, training and after-sales services.
Grow the existing Service Portfolio and introduce new, high-value Drone Services:
Create major awareness campaigns amongst youth and conduct demos and trials amongst users to educate them about the benefits of the new drone technology and explore employment and entrepreneurship opportunities within the growing UAV space.
Future Business Verticals
Drone Destination Ltd is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering certified training programs.
Integrated Business Model
Cordial relations with its customers
Quality Deliverables
Favourable Government policies
B2G Business Relations
The company training business, (training through drones) is highly regulated and subject to change, its has DGCA license subject to certain conditions. If its fail to comply with the applicable regulations, rules prescribed by Government of India as well as condition on which DGCA license has issued, its business, financial condition may have a material adverse effect on its business & operations.
Presently the drone industry is in a nascent stage. If the industry does not experience significant growth, then the company will not be able to achieve its anticipated level of growth.
The company is highly dependent on its group company and other drone manufacturing companies for meeting it drone demands. The company may not be able to acquire desired drones if the group company delays in manufacturing and delivery of the drones or unable to manufacture drones whether because of scarcity or unavailability of raw material or otherwise.
Any unauthorized access or intrusion into its software or systems, as well as any form of cyber-attack, could significantly harm the company business and have a negative impact on its financial condition and operating results.
The Company has not complied with certain statutory provisions of the Stamp Act, 1899. Such noncompliances / lapses may attract penalties and prosecution against the Company and its directors which could impact the financial position of the Company to that extent.
All values in Cr
Mar-2022 | Mar-2023 | Mar-2023 | 3-Yr trend | |
---|---|---|---|---|
Revenue | 2.56 (556.40%) | 12.07 (371.50%) | 12.07 (0.00%) | |
Gross Profit | 0.38 (1,366.70%) | 4.53 (1,092.10%) | 4.53 (0.00%) | |
Net Income | 0.21 (520.00%) | 2.44 (1,061.90%) | 2.44 (0.00%) | |
Assets | 1.75 (207.00%) | 19.20 (997.10%) | 19.20 (0.00%) | |
Liabilities | 1.52 (176.40%) | 1.63 (7.20%) | 1.63 (0.00%) |
Company Name | Revenue (Cr) | Net Profit (Cr) | Assets (Cr) | Liabilities (Cr) | ROE | EPS | BVPS | Current Ratio | Debt to Assets |
---|---|---|---|---|---|---|---|---|---|
Drone Destination Ltd | 12.07 | 2.44 | 19.20 | 1.63 | 13.90 | 0.00 | 35.15 | 4.11 | 0.08 |
Droneacharya Aerial Innovations Ltd | 18.57 | 3.43 | 69.72 | 69.72 | 5.18 | 1.43 | 27.63 | 4.92 | 0.00 |
Maashitla Securities Pvt Ltd
451 Krishna Apra Bus,Initial public offering of up to 68,00,000 equity shares of Rs. 10/- each ("Equity Shares") of Drone Destination Limited ("DD" or the "Company") for cash at a price of Rs. 65/- per equity share (the "Issue Price"), aggregating to Rs. 44.20 crores ("The Issue"). Out of the issue, 5,00,000 equity shares aggregating to Rs. 3.25 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 63,00,000... More
The shares of Drone Destinatio were first listed on the stock exchanges on June 26, 2024.
The total issue size of the Drone Destinatio IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they
The minimum lot size for Drone Destinatio public issue was 125 shares.
The price band of the IPO of Drone Destinatio was Rs. 114 to Rs. 120 per equity share.
Drone Destinatio IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.
Bigshare Services Private Limited is the registrar and share transfer agent of Drone Destinatio IPO.