Droneacharya Aerial Innovations Limited

Company Name	Droneacharya Aerial Innovations Limited
Open Date	13-12-2022
Close Date	15-12-2022
Exchange	BSE SME
Lot Size	2000 Shares
Issue Price	₹52-54 per share
Issue Size	62,90,000 Equity Shares
Application Amount	₹ 1,08,000
Recommendation	Apply

Being Incorporated in 2017, Droneacharya Aerial Innovations Limited is engaged in providing services related to drones. Its offerings can be classified into four broad categories namely, Training, Services, Surveillance and others. They provide 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. Company’s vision is to encourage multiple aspects of Drones, Drone-as-a Service (DaaS). Geographic Information System (GIS) is a system that creates, manages, analyses and maps all the types of data.

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Summary of Financials (All financials in Lakh)

For the Period Ended	Jun-22	Mar-22	Mar-21
Total Assets	3,402.62	1,546.52	119.13
Net Assets	3,357.77	1,447.77	104.08
Total Borrowings	1.02	46.25	1.27
Total Revenue	308.96	358.74	1.00
Profit After Tax	72.06	40.65	(14.89)

Tentative Timeline

Opening Date	13-12-2022
Closing Date	15-12-2022
Basis of Allotment	20-12-2022
Initiation of Refunds	21-12-2022
Credit of Shares to Demat	22-12-2022
Listing Date	23-12-2022

Objects of the Issue

Purchase of Drone and other accessories.

General Corporate Expenses.

Contact Information

Registered Office	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/

Offer Documents

Droneacharya Aerial Innovations IPO DRHP

Droneacharya Aerial Innovations IPO RHP

Registrar Details

Name	Bigshare Services Pvt Ltd
Phone	+91-22-6263 8200
Email	ipo@bigshareonline.com
Website	https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Anchor Investor Shares Offered	23,28,000 (32.59%)
Market Maker Shares Offered	3,16,000 (4.42%)
QIB Shares Offered	11,94,000 (16.71%)
NII (HNI) Shares Offered	12,14,000 (16.99%)
Retail Shares Offered	20,92,000 (29.28%)
Total Shares Offered	71,44,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters)	38.23%
Share Holding Post Issue (Promoters)	28.21%