Droneacharya Aerial Innovations Ltd - IPO

Droneacharya Aerial Innovations Ltd IPO Details

Public issue of 62,90,000 equity shares of face value of Rs. 10 each (Equity Shares) of Droneacharya Aerial Innovations Limited (the Company or the Issuer) for cash at a price of Rs. 54 per equity (the Issue Price) aggregating to Rs. 33.97 crores (The Issue) comprising of a fresh issue of 62,90,000 equity shares aggregating to Rs. 33.97 crores (the Fresh Issue) of which 3,16,000 equity shares aggregating to Rs. 1.71 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 59,74,000 equity shares aggregating to Rs. 32.26 crores (the Net Issue). The issue and the net issue will constitute 26.22% and 24.90%% respectively of the post issue paid up equity share capital of the company. The issue price is Rs.54 per equity shares is 5.4 times of face value of the equity shares.

Objective of issue

Purchase or Drone and other accessories. General corporate expenses.

Droneacharya Aerial Innovations Ltd Contact Details

Droneacharya Aerial Innovations Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@droneacharya.com

Website - www.droneacharya.com