Incorporated in 2017, Droneacharya Aerial Innovations Limited provides high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high configuration workstations, Drone pilot training & specialized GIS training g.
The company’s offerings can be classified into four broad categories namely,
1. Training (DGCA Certified Drone Pilot, Drone Building, Aerial Cinematography & Aerial Making and Drone data processing).
2. Services (Consultancy services to Govt. & private organizations, reality capture data processing software, anti-drone solution for rogue UAV and UTM air traffic management solution).
3. Surveillance (land surveying and underwater services).
4. Others (Partnering up with SPH Engineering from Latvia, Droneacharya is also able to provide integrated drones solutions for Bathymetry, drone hows, Hydrography, industrial and archaeological surveys, along with Environmental Monitoring).
Droneacharya Aerial Innovations Limited Drone is a full-fledged innovative solution, based out in the Cultural and IT hub of Pune, Maharashtra, with offices operating in Pune.
Droneacharya’s recent pre-seed funding round closed at a whopping USD 4.6 Million, which is the highest for any drone startup across the country.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 2.51 | 0 | -2.3 | 0.91 | 0.82 |
| 31-Mar-21 | 119.13 | 1 | -14.89 | 104.08 | 1.27 |
| 31-Mar-22 | 1546.52 | 358.74 | 40.65 | 1447.77 | 46.25 |
| 30-Jun-22 | 3402.62 | 308.96 | 72.06 | 3357.77 | 1.02 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
1) Purchase of Drone and other accessories.
2) General Corporate Expenses.
Droneacharya Aerial Innovations IPO Details
| IPO Date | Dec 13, 2022 to Dec 15, 2022 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹52 to ₹54 per share |
| Lot Size | 2000 Shares |
| Issue Size | 6,290,000 shares of ₹10 (aggregating up to ₹33.97 Cr) |
| Fresh Issue | 6,290,000 shares of ₹10 (aggregating up to ₹33.97 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| Company Promoters | Mr. Prateek Srivastava and Mrs. Nikita Srivastava are the company Promoters. |
Droneacharya Aerial Innovations IPO Tentative Timetable
Droneacharya Aerial Innovations IPO opens on Dec 13, 2022, and closes on Dec 15, 2022. The Droneacharya Aerial Innovations IPO bid date is from Dec 13, 2022 10.00 A.M. to Dec 15, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 13, 2022 |
| Closing Date | Dec 15, 2022 |
| Basis of Allotment | Dec 20, 2022 |
| Initiation of Refunds | Dec 21, 2022 |
| Credit of Shares to Demat | Dec 22, 2022 |
| Listing Date | Dec 23, 2022 |
Droneacharya Aerial Innovations IPO Lot Size
The Droneacharya Aerial Innovations IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹108,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| S-HNI (Min) | 2 | 4,000 | ₹216,000 |
Droneacharya Aerial Innovations IPO Promoter Holding
| Pre Issue Share Holding | 38.23% |
| Post Issue Share Holding | 28.21% |
Droneacharya Aerial Innovations IPO Prospectus
Company Contact Information
Droneacharya Aerial Innovations Limited
Cabin No. – 10, 5th Floor,
IndiQube Penta, New No. 51,
(Old No.14) Richmond Road, Bangalore – 560025
Phone: +7758810315
Email: cs@droneacharya.com
Website: https://droneacharya.com/
Droneacharya Aerial Innovations IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com