DroneAcharya Aerial IPO: Pune based DroneAcharya Aerial Innovation IPO (DroneAcharya Aerial IPO) backed by veteran stock market investor Shankar Sharma is going to hit the market next week. The company announced that the IPO will open on 13 December 2022 and investors will be able to apply for the IPO till 15 December.
The IPO of Droneacharya Aerial Innovations will be open from 13 to 15 December 2022. The company has fixed the price band of IPO at Rs 52 to 54 per share. 62.90 lakh shares are being offered in the IPO, of which 8.98 lakh shares have been reserved for HNIs, 11.94 lakh shares for institutional investors and 20.92 lakh shares for retail investors. This is an SME IPO, so a lot of 2000 shares worth Rs 1.08 lakh has been kept for retail investors.
Droneacharya Aerial Innovation is a startup company. Apart from Shankar Sharma, people like Hershel Mode and Ashish Nanda have invested. Switzerland-based Wellstone Capital has also taken a pre-IPO stake in the company. The share of Droneacharya Aerial Innovation will be listed on BSE SME Exchange. Manufacturing of drones and sensors will be done with the amount raised through IPO.
Droneacharya Aerial Innovation is the first company in the private sector to get certified RTPO (Remote Pilot Training Organization) from DGCA (Directorate General of Civil Aviation). The company got the license in 2022. And till now the company has given training to 180 drone pilots. In the first quarter of 2022-23, the company’s revenue was Rs 3.09 crore, on which there was a profit of Rs 72.06 lakh.
Sula Vineyards is also coming up with its IPO next week. The IPO of Sula Vineyards will open for applications on December 12, 2022 and investors will be able to apply till December 14.