Droneacharya Aerial Innovations IPO

Droneacharya Aerial Innovations IPO

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 nameDroneacharya Aerial Innovations Limited
Company Websitehttps://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 date13 December 2022
IPO Closing15 December 2022
Basis of Allotment20 December 2022
Initiation Refund21 December 2022
Credit to Demat Account22 December 2022
Listing Date23 December 2022

IPO details

Issue typeBook Building
IPO issue size₹33.97 Crore – 6,290,000 shares
Fresh Issue₹33.97 Crore – 6,290,000 shares
Offer for saleNil
Face value₹10 per equity share
Price band₹52 to ₹54 per share
Retail Allocation35%
Lot size2000 Shares
Listing ExchangeBSE & NSE

Droneacharya Aerial Innovations IPO Lot Size

Retail (Min)12000₹108,000
Retail (Max)12000₹108,000
S-HNI (Min)24,000₹216,000

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Droneacharya Aerial Financial Performance

 FY 2020FY 2021FY 2022Q1 FY 2023
Net income(2.30)(14.89)40.6572.06
(Amount in ₹ Lakhs)

Droneacharya Aerial Valuations & Margins

FY 2020FY 2021FY 2022Q1 FY 2023
PE ratio148.57 – 154.29
RONW (%)(252.74)(14.30)2.802.12

Company Promoters

  • Mr. Prateek Srivastava
  • Mrs. Nikita Srivastava

Droneacharya Aerial Innovations IPO Promoter Holding

Pre Issue Share Holding38.23%
Post Issue Share Holding28.21%

Lead Manager(s)

  • Corporate CapitalVentures Pvt Ltd

Droneacharya Aerial IPO Registrar

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

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

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