31 Mar 2021
Assets0.96
Total Income0.39
Profit After Tax-0.05
NET Worth0.02
Reserves and Surplus-0.09
Total Borrowing97.94
At a glance
Updated 2026-09-16The shares listed at ₹107.25, a 65.00% move from the issue price. Drone Destination is a SME IPO with an issue size of ₹44.20 crore, proposed for listing on NSE SME. The offer opens on 7th Jul 2023 and closes on 13th Jul 2023. The issue structure includes a fresh issue of ₹40.95 crore. The current listing schedule points to 21st Jul 2023.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹44.20 Cr
Fresh issue₹40.95 Cr
Face value₹10
Price band₹62.00–₹65.00
Allotment18th Jul 2023
Listing21st Jul 2023
Listing performance
Full performance ↗Issue price₹65.00
Listing price₹107.25
Current price—
Listing gain65.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹39.00
GMP / upper price60.00%
Est. listing₹104.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens7th Jul 2023
Closes13th Jul 2023
Allotment18th Jul 2023
Refund19th Jul 2023
Demat20th Jul 2023
Listing21st Jul 2023
Subscription demand
Full bidding ↗Total191.65×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2000 | ₹130,000 |
Company
Incorporated2019
Use of proceeds
| Object | Amount |
|---|---|
| To meet out the expenses for purchase of new drones. | ₹10.47 Cr |
| To meet out the expenses for purchase of vehicle | ₹5.50 Cr |
| To meet out the Capital Expenditure Requirement. | ₹2.05 Cr |
| To meet out the Working Capital requirements | ₹8.50 Cr |
| To meet out the General Corporate Purposes; | ₹11.05 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue12.08₹ Cr · +370.0% vs prior year
PAT2.44₹ Cr · +1,061.9% vs prior year
Assets23.59₹ Cr · +748.6% vs prior year
Net Worth17.57₹ Cr · +7,539.1% vs prior year
Borrowing1.59₹ Cr · +5.3% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets2.78
Total Income2.57
Profit After Tax0.21
NET Worth0.23
Reserves and Surplus0.12
Total Borrowing1.51
31 Mar 2023
Assets23.59
Total Income12.08
Profit After Tax2.44
NET Worth17.57
Reserves and Surplus12.57
Total Borrowing1.59
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
Valuation & shareholding
Pre-IPO EPS25.80
Pre-IPO P/E64.35
Promoter holding pre85.12%
Promoter holding post61.3%
Market cap₹157.95 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Drone Destination IPO | — | 64.35 x | — | — |
| Matrix Geo IPO | — | 25.88 x | — | — |
| Droneacharya Aerial IPO | — | 45.00 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Lead manager(s) fees including underwriting commission. | ₹0.60 Cr |
| Brokerage, Selling Commission & Upload Fees | ₹0.23 Cr |
| Registrars to the Issue | ₹0.01 Cr |
| Legal Advisors to the Issue | ₹0.01 Cr |
| Roadshows, Printing, advertising and marketing expenses | ₹0.96 Cr |
| Others, if any (Advisors to the company, Peer Review Auditors, and other misc. expenses like printing & stationery etc.) | ₹4.82 Cr |
Registrar & lead managers
Registrar
Maashitla Securities Pvt.Ltd.Lead managers
- Narnolia Financial Services Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-16.
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