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IPO

IPO Synopsis
Drone Destination Ltd
Registered Office: C-13, Ground Floor,Panchsheel Enclave , Delhi - 110017 , Delhi , India.
Phone : +9141050607   Fax:
Email :  cosec@thedronedestination.com  
Website :  www.thedronedestination.com
Initial public offering of up to 68,00,000 equity shares of Rs. 10/- each ("Equity Shares") of Drone Destination Limited ("DD" or the "Company") for cash at a price of Rs. 65/- per equity share (the "Issue Price"), aggregating to Rs. 44.20 crores ("The Issue"). Out of the issue, 5,00,000 equity shares aggregating to Rs. 3.25 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 63,00,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 65/- per equity share aggregating to Rs. 40.95 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.98 % and 25.93 %, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and and the floor 6.5 times of the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
07-Jul-23 13-Jul-23 Rs65.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  Rs Cr Lead Managers to the Issue
Project Cost 37.57
Narnolia Financial Services Ltd
Project Financed through Current Offer 44.20  
Post Issue Equity Share Capital 24.30  
Issue Price Rs65.00  
 
Projects
Purchase of New DronesWorking Capital Requirements
Purchase of VehicleGeneral Corporate Purposes
Capital Expenditure
Promoted By
Chirag Sharma
Shashi Bala
Listing At
NSE - SME 
Registrar to the Issue
Maashitla Securities Pvt Ltd