Business Standard

Droneacharya Aerial Innovations Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

33.97 cr

Price Range (₹)

54

Lot Size

2000

Min Investment (₹)

1,08,000.00

Listing Exchange

BSE - SME

Open Date

13-Dec-2022

Close Date

15-Dec-2022

Listing Date

23-Dec-2022

Droneacharya Aerial Innovations Ltd News

    The Shares of Droneacharya Aerial Innovations Ltd have now been listed.

    Droneacharya Aerial Innovations Ltd IPO Details

    Public issue of 62,90,000 equity shares of face value of Rs. 10 each (Equity Shares) of Droneacharya Aerial Innovations Limited (the Company or the Issuer) for cash at a price of Rs. 54 per equity (the Issue Price) aggregating to Rs. 33.97 crores (The Issue) comprising of a fresh issue of 62,90,000 equity shares aggregating to Rs. 33.97 crores (the Fresh Issue) of which 3,16,000 equity shares aggregating to Rs. 1.71 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 59,74,000 equity shares aggregating to Rs. 32.26 crores (the Net Issue). The issue and the net issue will constitute 26.22% and 24.90%% respectively of the post issue paid up equity share capital of the company. The issue price is Rs.54 per equity shares is 5.4 times of face value of the equity shares.

    Objective of issue

    Purchase or Drone and other accessories. General corporate expenses.

    Droneacharya Aerial Innovations Ltd Contact Details

    Droneacharya Aerial Innovations Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@droneacharya.com

    Website - www.droneacharya.com