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15 Days Price Change

Drone Destination IPO

Closing In

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WEBSITE Inc. Year: 2019 Industry: Professional Services Listed Page

Profile
Issue Size --
Profile
Price Range 62  to  65 per share
Profile
Min Investment ₹65
Profile
Lot Size 1
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Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Drone Destination Ltd is a cutting-edge technology company specializing in unmanned aerial vehicles (UAVs) and related services. With a focus on delivering innovative solutions, the company has established itself as a leader in the drone industry. Drone Destination offers a wide range of products and services, including drone sales, rentals, repairs, and training programs for both recreational and professional users. Driven by a team of skilled engineers, software developers, and drone enthusiasts, Drone Destination Ltd is committed to providing high-quality and reliable drones to meet diverse customer needs. The company prides itself on staying up-to-date with the latest advancements in drone technology, ensuring that its customers have access to state-of-the-art equipment. With a strong emphasis on safety, Drone Destination also offers comprehensive training programs and adheres to regulatory guidelines to promote responsible and ethical drone usage. Whether it's aerial photography, industrial inspections, or recreational flying, Drone Destination Ltd aims to be the go-to destination for all things drone-related. Read More

Basic Info

Face Value 10 per share

Price 62  to  65 per share

P/E (x) -23.2

Sales( Cr.) 25

PAT( Cr.) -7

EPS -2.8

Draft Prospectus

Exchange NSE-SME

Promoter

Company Promoters

Mr. Chirag Sharma Ms. Shashi Bala

Pre Issue Share Holding 85.14%

Post Issue Share Holding 62.31%

Listing Details:

Listing Price: 107.45

Listing Gain: 39.51%

Current Price: 41.5

Gain On Issue: 41.5 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jul 07, 2023
Closing Date Jul 13, 2023
Allotment Jul 14, 2023
Refund Jul 17, 2023
Delivery of Shares Jul 17, 2023
Listing Date Jul 18, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 130,000
Retail (Max) 1 2000 130,000
S-HNI (Min) 2 4000 260,000
S-HNI (Max) 7 14000 910,000
B-HNI (Min) 8 16000 1,040,000

Objective of the Issue

1. To meet the expenses for the purchase of new drones. 2. To meet the expenses for the purchase of the vehicle. 3. To meet the Capital Expenditure Requirement. 4. To meet the Working Capital requirements. 5. To meet the General Corporate Purposes. 6. To meet out the Issue Expenses.

Issue

Category Nos Bid Bid (x)
QIB 3400000 171564000 50.5x
NII 1020000 248727000 243.9x
Retail 2380000 595214200 250.1x
EMP 0 0 0x
Total 6800000 1303220000 191.7x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Drone Destination Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 3 12 32 25
Other Income 0 0 0 1 1
Total Income 0 3 12 33 26
Total Expenditure 0 2 7 19 25
Operating Profit -0 0 5 14 0
Interest 0 0 0 0 1
Depreciation 0 0 1 4 8
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax -0 0 3 9 -9
Provision for Tax -0 0 1 2 -2
Profit After Tax -0 0 3 7 -7
Adjustments 0 0 0 0 0
Profit After Adjustments -0 0 3 7 -7
Adjusted Earnings Per Share -1.2 5.4 1.5 2.9 -2.8

Drone Destination Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 0 0 18 62 59
Minority's Interest 0 0 0 0 0
Borrowings 1 1 1 2 4
Other Non-Current Liabilities -0 -0 0 -0 -2
Total Current Liabilities 0 1 5 12 16
Total Liabilities 1 3 24 76 77
Fixed Assets 0 1 5 15 18
Other Non-Current Assets 0 0 0 2 1
Total Current Assets 1 2 18 59 58
Total Assets 1 3 24 76 77

Drone Destination Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 10 21
Cash Flow from Operating Activities -0 -0 1 -15 -10
Cash Flow from Investing Activities -0 -1 -6 -13 -10
Cash Flow from Financing Activities 0 1 15 39 16
Net Cash Inflow / Outflow 0 0 10 11 -4
Closing Cash & Cash Equivalent 0 0 10 21 17

Drone Destination Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -1.18 5.38 1.46 2.91 -2.79
CEPS(Rs) -0.25 8.14 2.17 4.56 0.44
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 0.63 6.01 10.06 25.36 24.32
Core EBITDA Margin(%) -6.5 15.31 38.91 41.06 -1.43
EBIT Margin(%) -15.33 11.45 29.52 30.99 -29.77
Pre Tax Margin(%) -15.71 10.82 28.12 29.8 -35.6
PAT Margin (%) -11.64 8.08 21.23 22.26 -27.37
Cash Profit Margin (%) -2.42 12.22 31.44 34.83 4.35
ROA(%) -4.89 11.27 19.46 14.26 -8.93
ROE(%) -188.49 162.16 28.74 17.88 -11.26
ROCE(%) -10.51 25.38 34.05 23.26 -10.51
Receivable days 51.75 22.14 104.68 146.98 270.2
Inventory Days 214.13 38.31 9.04 16.27 142.81
Payable days 0 0 0 694.85 548.33
PER(x) 0 0 0 45 0
Price/Book(x) 0 0 0 5.17 4.48
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 1.44 0.47 -0.31 9.47 10.63
EV/Core EBITDA(x) -23.57 3.03 -0.79 21.73 544.83
Net Sales Growth(%) 0 554.61 370.72 163.59 -21.76
EBIT Growth(%) 0 588.88 1113.81 176.75 -175.15
PAT Growth(%) 0 554.7 1135.96 176.39 -196.21
EPS Growth(%) 0 554.7 -72.81 99.04 -195.82
Debt/Equity(x) 22.62 6.53 0.09 0.06 0.27
Current Ratio(x) 1.6 1.9 3.72 5.01 3.73
Quick Ratio(x) 1.04 1.61 3.66 4.8 2.65
Interest Cover(x) -40.06 18.29 21.14 25.87 -5.1
Total Debt/Mcap(x) 0 0 0 0.01 0.06

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -22% 103% 0% 0%
Operating Profit CAGR -100% 0% 0% 0%
PAT CAGR -200% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -69% NA% NA% NA%
ROE Average -11% 12% 2% 2%
ROCE Average -11% 16% 12% 12%

Company Contact Information

Drone Destination Ltd.

Office. No 005 B & 006 Ground Floor, N S I C- M D B P, Building Okhla Industrial Estate

IPO Lead Manager(s)

Drone Destination Ltd.

Narnolia Financial Services Ltd.

Registrar Info

Drone Destination Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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