Business Standard

Drone Destination Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

44.20 cr

Price Range (₹)

65

Lot Size

2000

Min Investment (₹)

1,30,000.00

Listing Exchange

NSE - SME

Open Date

07-Jul-2023

Close Date

13-Jul-2023

Listing Date

21-Jul-2023

Drone Destination Ltd News

    The Shares of Drone Destination Ltd have now been listed.

    Drone Destination Ltd IPO Details

    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.

    Objective of issue

    Purchase of New Drones. Purchase of Vehicle. Capital Expenditure. Working Capital Requirements. General Corporate Purposes.

    Drone Destination Ltd Contact Details

    Drone Destination Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

    Phone - 011-45121795

    Fax - 01145121795

    Email - cosec@thedronedestination.com

    Website - www.thedronedestination.com