Dronacharya ipo

The high GMP suggests that the grey market is expecting that allottees’ money is likely to get doubled on listing day. Droneacharya is the first drone start-up company in India. It aims to raise approximately Rs 34 crore through a new issuance of shares. The company said that it will use the book-building procedure to offer 62.90 lakh shares (Rs 10 paid up). Of this, 8.98 lakh shares are reserved for HNI’s, 11.94 lakh shares are reserved for QIB’s and 20.92 lakh shares are reserved for retail investors. The shares of the company will be listed on BSE SME Exchange. The fresh funds raised will be utilised to purchase and manufacture drones, sensors and processing infrastructure, Droneacharya said. Ahead of the IPO, the company had mopped up Rs 54 crore from anchor investors. The company said it allocated a total of 17.90 lakh equity shares to 4 anchor investors at Rs 54 per share. Of the 4 anchor investors, Aegis Investment Fund has been allocated 3.72 lakh shares, Maven India Fund (5.72 lakh shares), Nav Capital VCC-NAV Capital Emerging Star Fund (3.96 lakh shares), and Zinnia Global Fund (4.50 lakh shares). It is worth noting that nearly 75% of the total shares listed in 2022 are trading higher from their issue price. So far this year, around 37 firms came out with IPO plans to collectively raise over Rs 58,500 crore. About 33 firms have listed on exchanges in 2022, of which nearly 25 companies are trading higher from their issue prices.

Last heard, the company was exchanging hands at a premium of Rs 50-55 apiece compared to its issue price of Rs 54, signalling a listing pop of about 100%. Its premium stood at Rs 75 at its peak. The SME player raised Rs 33.97 crore via its initial stake sale between December 13-15, selling its shares in the range of Rs 52-54 in a lot size of 2,000 shares. There were not many reports on the issue but those, which were in the public domain, were majorly positive on the issue, suggesting to subscribe to it, citing the government push on the defence and drone sector. Incorporated in 2017, Droneacharya Aerial Innovations is based in the cultural and IT hub of Pune, Maharashtra. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times) Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

Droneacharya Aerial Innovations on Tuesday announced that it's initial public offering (IPO) would open for subscription on December 13. The three-day initial share sale would conclude on December 15. The SME (Small and medium enterprises) IPO would offer 62.90 lakh shares (Rs 10 paid up through the book-building process in the price band of Rs 52-54 per share. The company also mentioned that of the total shares offered, 8.98 lakh shares would be reserved for the HNI category, 11.94 lakh shares for the QIB quota, and 20.92 lakh shares would be offered to retail investors. Droneacharya AI said the fresh funds raised would be utilised to purchase and manufacture drones, sensors and processing infrastructure. Also Read | "In the pre-IPO funding, marque investors led by Shankar Sharma along with other market experts and Bollywood celebrities have picked a minority stake in the company. Mangina Srinivas Rao (previously associated with ITC e-Chaupal and Bill and Melinda Gates Foundation, India) also took a stake," the company stated in a release. "In addition, a few angel investors, including Jay Vishwanathan, VC Kartik and Samit Bhartia, have also invested in the company," it added. Manish Khanna, Co-Founder of Unlisted Assets, said, "On the valuation front, it looks good from long-term perspective and investors should track their orderbook and execution on quarter on the quarter basis to watch their performance." Grey market premium "The most recent IPO GMP for Droneacharya AI...

Droneacharya Aerial Innovations IPO date is fixed, The IPO will open on December 13 and will close on December 15, 2022. Droneacharya Aerial Innovations is a ₹33.97 crores via IPO. The Droneacharya Aerial Innovations IPO price band is fixed at ₹52 to ₹54 with a market lot of 2000 shares. Droneacharya Aerial Innovations Limited provides ecosystem drone solutions to various industries with end-to-end customized solutions. They provide drone surveys, data processing, training, and manufacturing of indigenous customized drones. Droneacharya Aerial Innovations offers DGCA-certified drone pilot training, Drone building, Aerial Cinematography & Aerial Making, and Drone data processing training. They provide consulting services to government and private organizations for data processing, anti-drone solutions, and more. They also provide land surveying and underwater services. The company has offices in Pune. Objects of the Issue: • Purchase of Drone and other accessories. • General Corporate Purposes. Droneacharya Aerial Innovations IPO Review • Apply Date GMP Kostak Subject to 23 December ₹45 ₹- ₹80000 Droneacharya Aerial Innovations IPO Date & Price Band Details IPO Open: December 13, 2022 IPO Close: December 15, 2022 IPO Size: Approx ₹33.97 Crores, 62,90,000 Equity Shares Face Value: ₹10 Per Equity Share IPO Price Band: ₹52 to ₹54 Per Equity Share IPO Listing on: BSE SME Retail Quota: 35% of the net offer QIB Quota: 50% of the net offer NII Quota: 15% of the net offer DRHP Draf...

The 9.66 crores from anchor investors on 12,Dec 2022 before the its IPO. Droneacharya Aerial Innovations IPO to open on 13-Dec-2022 and Close on 15-Dec-2022. The company allotted total of 1,790,000 equity shares to 4 Anchor investors at a upper price band ₹ 54. The company is going to raise ₹ 33.97 crores via IPO. Download :- IPO Anchor Investor List – Live from BSE and NSE 2022

Droneacharya Aerial Innovations IPO: Allotment of shares may get announced any time today as tentative Droneacharya Aerial Innovations IPO allotment date is 20th December 2022. Those who have applied for this BSE SME IPO are advised to check Droneacharya Aerial Innovations IPO allotment status online either at BSE website or at the official registrar of this IPO. The official registrar of this IPO is Bigshare Services Pvt Ltd and its official website is bigshareonline.com. Droneacharya Aerial Innovations IPO GMP today Meanwhile, ahead of share allotment, grey market has gone highly bullish on the public issue. According to market observers, Droneacharya Aerial Innovations IPO grey market premium (GMP) today is ₹74, which is around 135 per cent higher from its price band of ₹52 to ₹54 per equity share. Droneacharya Aerial Innovations IPO allotment links For more convenience, bidders can login at direct How to check status on BSE To check Droneacharya Aerial Innovations IPO allotment status on BSE website, a bidders needs to login at direct BSE link — bseindia.com/investors/appli_check.aspx and follow the below mentioned step by step guide: 1] Login at direct BSE link — bseindia.com/investors/appli_check.aspx or at direct bigshare link; 2] Select Droneacharya Aerial Innovations IPO; 3] Enter Droneacharya Aerial Innovations IPO application number; 4] Enter your PAN details; 5] Click at 'I'm not a robot'; and 6] Click at 'Submit' button. Your Droneacharya Aerial Innovations IP...

On Thursday, Pune-based deeptech startup DroneAcharya’s initial public offering (IPO) was oversubscribed 262 times, with bids worth Rs 6,016.78 crore for 109.61 crore shares. The startup’s IPO saw strong demand from high net-worth individuals (HNIs) and retail investors. Founded by Prateek Shrivastava, and backed by Bollywood celebrities Aamir Khan, Ranbir Kapoor, and market veteran Shankar Sharma, the startup is likely to list on the BSE and NSE on December 23. The IPO had a price band of Rs 52 to Rs 54 per share. DroneAcharya Aerial Innovations primarily stands on a business tripod of training, services, and surveillance. Speaking to CNBC-Awaaz, Founder and Managing Director Srivastava said, “India needs around 1 lakh certified drone pilots. However, there are few institutions authorised to certify drone pilots; we are among the first private companies in the country to do so. We offer a 10-year certification to pilot drones of up to 25 kgs.” In May, at the launch of NITI Aayog’s Experience Studio on Drones, Union civil aviation minister Jyotiraditya Scindia said that the country has the potential of becoming a global drone hub by 2030. “We are taking the drone sector forward on three wheels: policy, incentives and demand creation… Today, a drone pilot can be trained in 2-3 months. Close to one lakh (100,000) drone pilots will be needed in the years to come. The opportunity is tremendous.” DroneAcharya AI is one of the first private players to receive a DGCA (Directorate...

Review By Dilip Davda on Dec 8, 2022 •DAIL is engaged in Drone related services and training business. •Its financial performance so far indicates likely future trends •Its current valuations discount all near-term positives. •DAIL is set to catch the first mover fancy post listings. •Patient investors may grab this opportunity for long-term rewards. PREFACE: DroneAcharya Aerial started as a start-up in Drone related services/training. This sunrise segment is poised for bright prospects ahead as Drone is a well-accepted device/system/service for many sectors and its use is going to see many fold rise with a rapid transformation. No doubt, this service is now brought under the security aspect, its usage has many scopes which are very much under-developed. DAIL is poised to take a leap forward in this segment with its first mover step and it has already attracted many marquee investors to invest in it. Considering its nascent stage, this segment is going to be the future lifestyle. This company's financial performance is indicated in this direction. The current valuations are discounting all near-term positives, but it is a pure long-term story and patient investors may grab this opportunity. ABOUT COMPANY: DroneAcharya Aerial Innovations Ltd. (DAIL) is a full-fledged innovative solution provider in Drone, based out in the Cultural and IT hub of Pune, Maharashtra, with offices operating in Pune. The company was started in 2017 with a vision to encourage multiple aspects of D...

On Thursday, Pune-based deeptech startup DroneAcharya’s initial public offering (IPO) was oversubscribed 262 times, with bids worth Rs 6,016.78 crore for 109.61 crore shares. The startup’s IPO saw strong demand from high net-worth individuals (HNIs) and retail investors. Founded by Prateek Shrivastava, and backed by Bollywood celebrities Aamir Khan, Ranbir Kapoor, and market veteran Shankar Sharma, the startup is likely to list on the BSE and NSE on December 23. The IPO had a price band of Rs 52 to Rs 54 per share. DroneAcharya Aerial Innovations primarily stands on a business tripod of training, services, and surveillance. Speaking to CNBC-Awaaz, Founder and Managing Director Srivastava said, “India needs around 1 lakh certified drone pilots. However, there are few institutions authorised to certify drone pilots; we are among the first private companies in the country to do so. We offer a 10-year certification to pilot drones of up to 25 kgs.” In May, at the launch of NITI Aayog’s Experience Studio on Drones, Union civil aviation minister Jyotiraditya Scindia said that the country has the potential of becoming a global drone hub by 2030. “We are taking the drone sector forward on three wheels: policy, incentives and demand creation… Today, a drone pilot can be trained in 2-3 months. Close to one lakh (100,000) drone pilots will be needed in the years to come. The opportunity is tremendous.” DroneAcharya AI is one of the first private players to receive a DGCA (Directorate...

Droneacharya Aerial Innovations IPO: Allotment of shares may get announced any time today as tentative Droneacharya Aerial Innovations IPO allotment date is 20th December 2022. Those who have applied for this BSE SME IPO are advised to check Droneacharya Aerial Innovations IPO allotment status online either at BSE website or at the official registrar of this IPO. The official registrar of this IPO is Bigshare Services Pvt Ltd and its official website is bigshareonline.com. Droneacharya Aerial Innovations IPO GMP today Meanwhile, ahead of share allotment, grey market has gone highly bullish on the public issue. According to market observers, Droneacharya Aerial Innovations IPO grey market premium (GMP) today is ₹74, which is around 135 per cent higher from its price band of ₹52 to ₹54 per equity share. Droneacharya Aerial Innovations IPO allotment links For more convenience, bidders can login at direct How to check status on BSE To check Droneacharya Aerial Innovations IPO allotment status on BSE website, a bidders needs to login at direct BSE link — bseindia.com/investors/appli_check.aspx and follow the below mentioned step by step guide: 1] Login at direct BSE link — bseindia.com/investors/appli_check.aspx or at direct bigshare link; 2] Select Droneacharya Aerial Innovations IPO; 3] Enter Droneacharya Aerial Innovations IPO application number; 4] Enter your PAN details; 5] Click at 'I'm not a robot'; and 6] Click at 'Submit' button. Your Droneacharya Aerial Innovations IP...