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IPO

IPO Details


Drone Destination Ltd
Registered Office: C-13, Ground Floor, Panchsheel Enclave, Delhi - 110017, Delhi
Phone: +9141050607
Email: cosec@thedronedestination.com
Website: www.thedronedestination.com
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 equity shares of face value of Rs. 10/- each at an issue price of Rs. 65/- per equity share aggregating to Rs. 40.95 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.98 % and 25.93 %, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and and the floor 6.5 times of the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
07-Jul-2023 13-Jul-2023 ₹ 65.00 ₹ 0.00
Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0
(₹)Cr. Lead Managers to the Issue
Project Cost 37.57 Narnolia Financial Services Ltd
Project Financed through Current Offer 44.20
Post Issue Equity Share Capital 24.30
Issue Price ₹65.00
Projects
Purchase of New Drones
Purchase of Vehicle
Capital Expenditure
Working Capital Requirements
General Corporate Purposes
Promoted By
Chirag Sharma
Shashi Bala
Listing At
NSE - SME
Registrar to the Issue

INDIAN INDICES

Sensex

82,755.51 700.40 (0.85%)

Nifty

25,244.75 200.40 (0.80%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

24,474.68 297.60(1.23%)