07 July 2023
11 July 2023
₹ 44.20 Cr
19 July 2023
₹ 62 to ₹ 65 per share
Drone Destination Limited is India's leading Drone as a Service and Training Company. The entity is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering Certified training programs at multiple locations pan-India. The company became the first Drone Training Partner of the National Skill Development Corporation (NSDC) in Oct 2022. They have the largest Training network in India in their segment.
The IPO comprises a total issue 6,800,000 shares (aggregating up to ₹44.20 Cr)
The Company proposes to utilize the funds towards funding the following objects: 1. To meet the expenses for the purchase of new drones. 2. To meet the expenses for the purchase of the vehicle. 3. To meet the Capital Expenditure Requirement. 4. To meet the Working Capital requirements. 5. To meet the General Corporate Purposes. 6. To meet out the Issue Expenses.
Drone Destination has IPO lot size is 2000 shares.
The allotment date of Drone Destination IPO is set for 14th July, 2023.
The book-running lead manager to the offer is Narnolia Financial Services Ltd