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Droneacharya Aerial Innovations IPO is a Book Building IPO listing on BSE SME exchange. The company is based in Bangalore and caters to Drone sector. Corporate Capital Ventures is the merchant banker of Droneacharya Aerial Innovations IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 17th October 2022.
Droneacharya Aerial Innovations IPO open date is 13th December 2022 and close date is 15th December 2022. IPO Allotment Date is 20th December 2022 and Listing date is 23rd December 2022.
IPO
Size:
₹ 33.97 Cr.
Avg IPO Size (Sector Based)
: ₹
39.09 cr.
Sector: Drone
SME
IPO so far:
2
Merchant Banker:
Corporate Capital
SME
IPO by BRLM so far:
23
City:
Bangalore
SME
IPO so far:
27
Revenue (annualised):
₹
12.36
cr. 
PE
Ratio:
45.00x
Average Sector PE Ratio: 45.00x
Droneacharya Aerial Innovations IPO size is ₹ 33.97 Cr. with IPO price of ₹ 54.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Corporate Capital Ventures Private Limited is the book-running lead manager of the Droneacharya Aerial Innovations IPO. Bigshare Services Private Limited is the Registrar and Market Maker is R.K. Stock Holding Private Limited for Droneacharya Aerial Innovations IPO.
Droneacharya Aerial Innovations IPO anchor investors are the below investors. The number of anchor investors in this IPO is 4.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in ₹.) | Amount Invested (in ₹.) |
|---|---|---|---|
| Nav Capital Vcc | 660,000.00 | ₹ 54.00 | ₹ 35,640,000.00 |
| Maven India Fund | 740,000.00 | ₹ 54.00 | ₹ 39,960,000.00 |
| Zinnia Global Fund | 556,000.00 | ₹ 54.00 | ₹ 30,024,000.00 |
| Aegis Investment Fund | 372,000.00 | ₹ 54.00 | ₹ 20,088,000.00 |
Droneacharya Aerial Innovations IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Droneacharya Aerial Innovations IPO, based in Bangalore, operates in the Drone sector with a focus on drone. The company is launching its SME IPO on the BSE SME exchange, using the Book Building Issue method. Droneacharya Aerial Innovations IPO size is ₹ 33.97 Cr. with fresh issue size of ₹ 33.97 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Droneacharya Aerial Innovations IPO is expected to be 20th December 2022, after the finalization of basis of allotment. Investors can check Droneacharya Aerial Innovations IPO allotment status on the registrars website, Bigshare Services Private Limited. Droneacharya Aerial Innovations IPO refund dates are 22nd December 2022.
Droneacharya Aerial Innovations IPO is expected to be listed on 23rd December 2022.
The upper price band for the Droneacharya Aerial Innovations IPO is set at ₹ 54.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Droneacharya Aerial Innovations IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Droneacharya Aerial Innovations IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 15th December 2022. After submission, funds are blocked until the basis of allotment of Droneacharya Aerial Innovations IPO is finalised.
The merchant banker for Droneacharya Aerial Innovations IPO is Corporate Capital Ventures Private Limited . Corporate Capital Ventures Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Droneacharya Aerial Innovations IPO RHP for further details.
The registrar for Droneacharya Aerial Innovations IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Droneacharya Aerial Innovations IPO through their official website or helpline.
Droneacharya Aerial Innovations IPO was subscribed 243.70 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 33.97 Cr.
Avg IPO Size (Sector Based)
:
₹ 39.09 Cr.
Sector: Drone
SME
IPO so far:
2
Merchant Banker:
Corporate Capital
SME
IPO by BRLM so far:
23
City:
Bangalore
SME
IPO so far:
27
Revenue (annualised):
₹ 12.36 cr.
PE
Ratio:
45.00x
Average Sector PE Ratio: 45.00x
Droneacharya Aerial Innovations IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Droneacharya Aerial Innovations Financial Review Page
Merchant Banker(s) of Droneacharya Aerial Innovations IPO: Corporate Capital Ventures Private Limited
Droneacharya Aerial Innovations IPO subscription was 243.70 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Droneacharya Aerial Innovations IPO listed at a listing price of 107.10 against the offer price of 54.00.
The current market price of Droneacharya Aerial Innovations is 63.22.
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