Drone Destination Limited IPO Review & Recommendations
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July 07, 2023 - July 13, 2023
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Drone Destination Limited IPO Review
Drone Destination Limited was engaged in leading Drone service and Training company. Their company is authorized by the DGCA (Directorate General of Civil Aviation) as a Remote Pilot Training Organization (RPTO). They provide certified training programs for remote pilots at various locations across India. In October 2022, they proudly became the inaugural Drone Training Partner of the National Skill Development Corporation (NSDC). Through NSDC's Skill India Portal, drone destination pvt. ltd provide joint certification for a wide range of courses focused on drone applications. To ensure the accessibility and affordability of their training programs for aspiring drone pilots, They provide skill loans in collaboration with NSDC's affiliated Non-Banking Financial Companies (NBFCs). This assistance enables individuals to easily access the necessary funds for their training.
Drone Destination Limited IPO Products and Services
Drone Destination Limited IPO Through a memorandum of understanding (MOU) with various GIS companies, our company has initiated drone services for "Prime Minister Svamitva Yojna." This government program aims to establish clear property ownership in rural areas by mapping land parcels using drone technology. It also provides a "Record of Rights" to village household owners, granting them legal ownership cards (Digital Property cards/Title deeds) for their properties.
Drone destination limited company drones are equipped with state-of-the-art zoom cameras and infrared (IR) sensors, allowing them to capture high-definition video footage with excellent clarity and visibility, even in low-light conditions. They have a dedicated team of expert pilots who are available to support users with their monitoring needs. This team is skilled in providing assistance and guidance for monitoring purposes. They expect the competition in the software development solutions market to expand further due to the rising demand for such services.
Financial Overview
The company operates in a competitive market where new players are emerging. The significant increase in net profits for FY23 has raised concerns and questions about the company's ability to maintain such growth in the future. Considering the exceptional earnings in FY23, the IPO seems to be priced aggressively. The unexpected extension of the IPO, the involvement of two Market Makers, and the addition of a new merchant banker are noteworthy factors. Well informed, Investors may think to applying for this IPO.
Frequently Asked Question
The meaning of "Drone Destination Limited IPO GMP today" is the Grey Market Premium (GMP) for the initial public offering (IPO) of Drone Destination Limited IPO on the current day.
You will receive accel India limited shares in your Demat account on July 20, 2023, if allotted.
The face value of Drone Destination Limited IPO is ₹10 per share.
Pre-issue shareholding of the Drone Destination Limited IPO promoter is 85.14%.
Drone Destination Limited IPO shares will get listed on July 21, 2023.
Lot size of the Drone Destination Limited IPO is 2000 shares.
Drone Destination Limited IPO share price ₹62 to ₹65 per share.
IPO application is an online process by using UPI or ASBA as a payment method. ASBA IPO application is already available in the net banking of your respective bank account and the UPI application is offered by your Stockbroker, you can invest in SVS Limited IPO using any neatest method at your convenience.
Closing date of Drone Destination Limited IPO is July 13, 2023.
If you do not get the allotment of Drone Destination Limited IPO shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Drone Destination Limited IPO Shares will get listed at NSE SME.
Opening date of Drone Destination Limited IPO is July 07, 2023.
Post-issue shareholding of the drone destination pvt. Ltd promoter is 62.31%.
Minimum and maximum order quantity is 1 lot only.
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