Droneacharya Aerial Innovations IPO will open for subscription from 13 December 2022. the company aims for an issue size of ₹33.97 Cr through this IPO.
Droneacharya Aerial Innovations Limited
DA Innovations provides a 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. Its offerings can be classified into four categories:
- Training – The company has been authorized by the DGCA as a Remote Pilot Training Organisation (RPTO) to conduct drone training. Since the authorization, Droneacharya has trained more than 150 individuals in the domain of drones, data processing, and python coding for GIS.
- Services – Droneacharya provides consultancy services to government & private organizations, reality capture data processing software, anti-drone solution for rogue UAV, UTM air traffic management solutions with help of software i.e. UGCS Mapper, UGCS Pro, Reality Capture and Aerial Cinematography & Aerial Making.
- Surveillance – The company also offers services related to land surveying, underwater services, mapping, 3D modeling, drone logistics, surveillance, and drone data processing.
- Others – It has partnered with SPH Engineering from Latvia to provide integrated drone solutions for Bathymetry, drone shows, Hydrography, and industrial and archaeological surveys. The company is also a premium reseller of underwater drone products from the Norwegian company Blueye Robotics.
Basic details about the company
| Full name | Droneacharya Aerial Innovations Limited |
| Sector | Miscellaneous |
| Industry | Miscellaneous |
| Company Website | https://droneacharya.com/ |
The objective of the Issue
- Purchase of Drone and other accessories.
- General Corporate Expenses.
Major Competitive strengths
- Highly experienced management team.
- A recent pre-seed funding round closed at a whopping USD 4.6 Million, which is the highest for any drone startup across the country.
- An emerging player in the drone industry.
- Strong Training, Services, and Surveillance Offers.
Droneacharya Aerial Innovations IPO Timetable
| IPO Opening date | 13 December 2022 |
| IPO Closing | 15 December 2022 |
| Basis of Allotment | 20 December 2022 |
| Initiation Refund | 21 December 2022 |
| Credit to Demat Account | 22 December 2022 |
| Listing Date | 23 December 2022 |
IPO details
| Issue type | Book Building |
| IPO issue size | ₹33.97 Crore – 6,290,000 shares |
| Fresh Issue | ₹33.97 Crore – 6,290,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per equity share |
| Price band | ₹52 to ₹54 per share |
| Retail Allocation | 35% |
| Lot size | 2000 Shares |
| Listing Exchange | BSE & NSE |
Droneacharya Aerial Innovations IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| S-HNI (Min) | 2 | 4,000 | ₹216,000 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Droneacharya Aerial Financial Performance
| FY 2020 | FY 2021 | FY 2022 | Q1 FY 2023 | |
| Revenue | – | 1.0 | 358.73 | 308.96 |
| Expenses | 2.30 | 15.89 | 303.18 | 211.89 |
| Net income | (2.30) | (14.89) | 40.65 | 72.06 |
Droneacharya Aerial Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | Q1 FY 2023 | |
| EPS | (0.03) | (0.13) | 0.34 | 0.40 |
| PE ratio | – | – | 148.57 – 154.29 | – |
| RONW (%) | (252.74) | (14.30) | 2.80 | 2.12 |
| NAV | (0.01) | 0.89 | 12.39 | 18.97 |
Company Promoters
- Mr. Prateek Srivastava
- Mrs. Nikita Srivastava
Droneacharya Aerial Innovations IPO Promoter Holding
| Pre Issue Share Holding | 38.23% |
| Post Issue Share Holding | 28.21% |
Lead Manager(s)
- Corporate CapitalVentures Pvt Ltd
Droneacharya Aerial IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,
Makwana Road,Marol,
Andheri East, Mumbai – 400 059, Maharashtra
Phone: +91 – 22 – 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Droneacharya Aerial Contact Details
DRONEACHARYA AERIAL INNOVATIONS LIMITED
10, 5th Floor, IndiQube Penta,
New No. 51, (Old No.14) Richmond Road,
Bangalore – 560025, Karnataka
Phone: + 91 44 43846228
E-mail: cs@ droneacharya.com
Website: www.droneacharya.com
Droneacharya Aerial IPO Allotment Status
Droneacharya Aerial IPO allotment status will be available on Bigshare Services’ website.
Click on Bigshare Services weblink to get allotment status.
Final thoughts
Droneacharya Aerial Innovations IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
