Droneacharya Aerial sees stellar debut, lists at 89% premium to issue price

Shares of Droneacharya Aerial Innovations made a stellar debut as shares were listed at Rs 102 per share, a whopping 89 per cent premium over its issue price of Rs 54 per share on the BSE on Friday.

Post listing, the stock froze 5 per cent upper circuit at Rs 107.10 and almost doubled or zoomed 98 per cent from its issue price. Later, the stock hit a low of Rs 96.90 in Friday's intra-day trade.

Around 2.35 million equity shares changed hands, with pending buy orders for 278,000 shares on the BSE, the exchange data shows. In