Dronacharya share price

The initial public offering (IPO) of Droneacharya Aerial Innovations was launched last month on Tuesday, December 13, 2022 and concluded on Thursday, December 15, 2022. Droneacharya Aerial Innovations Limited offers end-to-end customized drone ecosystem solutions to a range of businesses. The The company offerered 62.90 lakh shares ( ₹10/- paid up) through the book-building process in the price band of ₹52-54 per share. Marquee investors led by Shankar Sharma and others picked up stake in the company in the pre-IPO funding. The company had said that the fresh funds raised will be utilised to purchase and manufacture drones, sensors and processing infrastructure. It aspires to start producing drones that are 100% indigenous and customized. Further, the company plans to open 12 new training centres by March 2023. For the year ended 31st March 2022, the company reported a revenue of ₹358.73 lakh and net profit of ₹40.65 lakh. It is seeking to boost its operating revenues by 300% within three years by training 25,000 drone pilots each year and the long-term plan is to raise the topline to ₹1,000 crore by 2026-27, according to founder and managing director Prateek Srivastava.

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 Limited is an India-based company. The principal activity of the Company are imparting the drone operation training, drone supply, maintenance services, and management consultancy, and training services. The Company provides various trainings, such as remote pilot training, drone construction, aerial cinematography, data processing, Python for GIS, drones in agriculture, drones for disaster management, and drone racing. Its products include Blueye X3, Blueye Pro, Echo Sounder, GPR 1000A, GPR 500A, Magarrow, Magdrone R3, and Methane Detector.;

Droneacharya Aerial Innovations Ltd.: Share Price, Stock Analysis, Annual Report | Value Research Droneacharya Aerial Innovations Ltd.: Share Price, Stock Analysis, Annual Report | Value Research https://www.valueresearchonline.com/stocks/313495/droneacharya-aerial-innovations-ltd/ Get Droneacharya Aerial Innovations Ltd.'s stock analysis, price valuation, corporate actions, and financials from India's independent mutual fund research house.

The IPO page ofDroneacharya Aerial Innovations Ltd.captures the details on its Issue Open Date, Issue Close Date, Listing Date, Face Value, Price band, Issue Size, Issue Type, and Listing Date's Open Price, High Price, Low Price, Close price and Volume. It also captures the Holding Period Returns and Annual Returns. 16 Jun, 2023, 08:19PM IST , ETMarkets.com Ahmedabad-based RBZ Jewellers files draft papers with Sebi for IPO RBZ Jewellers, an organized gold jewellery manufacturer in India, has filed draft papers with the market regulator Sebi for an IPO. The issue comprises of 1 crore equity shares with a face value of Rs 10 each, aiming to raise approximately Rs 100 crore. The IPO will be made through the book building process, and the raised funds will be used for general corporate purposes, including Rs 80.75 crore for working capital requirements. RBZ Jewellers specialize in designing and manufacturing a varied range of gold jewelry, including jadau, meena, and kundan work, which they sell on wholesale and retail platforms. • 13 Jun, 2023, 04:24PM IST , ETMarkets.com SME IPO: Cell Point India issue to open on June 15. 10 things to know about the offer Cell Point India, a multi-brand retail chain selling smartphones, tablets, mobile accessories, and electronics goods, is set to launch its initial public offering on June 15, with up to 50.34 million equity shares. The retail company currently operates 75 stores in Andhra Pradesh and generated a revenue of ₹221 crores ($30 ...

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 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...

Droneacharya Aerial Innovations IPO: The initial public offer (IPO) of Droneacharya Aerial Innovations Limited opened on 13th December 2022 and it will remain open for bidding till 15th December 2022. It means, today is the last date to apply for the SME IPO, which is proposed for listing on BSE SME exchange. As per the Droneacharya Aerial Innovations IPO subscription status available on BSE, in first two days of bidding, the public issue has been subscribed 86.35 times whereas its retail portion has been subscribed 151.78 times. Observers said that the SME IPO has received strong response at a time when big main board IPOs have received tepid response from the investors. Grey market is taking notice of this change in mindset of the investors as well. They said that a good number of marquee investors including Shankar Sharma have invested in the company in pre-IPO launch. So, the company is expected to remain in focus after listing as well. What this GMP means? Market observers said that Droneacharya Aerial Innovations IPO GMP today is ₹70, which means grey market is expecting that Droneacharya Aerial Innovations IPO listing price would be around ₹124 ( ₹54 + ₹70), around 130 per cent higher from its price band of ₹52 to ₹54 apiece. They said that after strong response by investors to this SME IPO, grey market is expecting dream debut for Droneacharya Aerial Innovations shares. After two days of bidding, Droneacharya Aerial Innovations IPO has been subscribed 86.35 times. ...

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 Limited is an India-based company. The principal activity of the Company are imparting the drone operation training, drone supply, maintenance services, and management consultancy, and training services. The Company provides various trainings, such as remote pilot training, drone construction, aerial cinematography, data processing, Python for GIS, drones in agriculture, drones for disaster management, and drone racing. Its products include Blueye X3, Blueye Pro, Echo Sounder, GPR 1000A, GPR 500A, Magarrow, Magdrone R3, and Methane Detector.;