Drone Destination Limited was incorporated in 2019 and is engaged in drone services and training. The business joined the National Skill Development Corporation (NSDC) and became the first Drone Training partner in October 2022.
The company has the largest training network in its industry. They are offering various services, including:
- Education and Recreation
- DAAS (Drone-As-A-Service)
- Drone Agriculture Services
The Purpose of Issuing an IPO
- To fulfill the issue’s expenses.
- To meet the expenses of the purchase of the vehicle
- To fulfill the working capital needs
- To fulfill the general corporate expenses
Company Financials (Amount in lakhs)
| Period Ended | Total Assets | Total Borrowing | Profit After Tax | Net Worth |
| 31-Mar-21 | 96.34 | 9,794.46 | -4.56 | 2.42 |
| 31-Mar-22 | 278.30 | 151.09 | 20.73 | 23.15 |
| 31-Mar-23 | 2359.33 | 159.17 | 244.19 | 1,757.34 |
IPO Details
| Opening Date | July 7, 2023 |
| Closing Date | July 13, 2023 |
| Listing Date | July 21, 2023 |
| Face Value | Rs. 10 each share |
| Price | Rs. 62 to Rs. 65 each share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,800,000 shares |
| Fresh Issue | 6,800,000 shares |
| Listing At | NSE, SME |