Drone Destination IPO allotment Status: Drone Destination Ltd. IPO is an SME initial public offering IPO by Drone Destination Limited which is a premier Drone as a Service and Training Company. Drone IPO consists of 6,800,000 equity shares. Every share in this issue cost between ₹62 to ₹65. Each share has a face value of ₹10.
The company is looking to generate ₹44.20 Crores with these shares. The IPO began taking subscriptions on 7th July 2023, Friday and it will stay up till 31st July 2023, Thursday. Retail investors have shown great interest in the IPO and it has been subscribed 191.65 times. The shares of Drone Destination Ltd. IPO will be probably listed at ₹116 for every share. “Drone Destination IPO allotment Status”
On 18th July 2023, Tuesday, the allotment status will be finalized. You will be able to get the details on the website late on July 18th, 2023, or by July 19th, 2023 midday. Refunds will be initiated on 19th July 2023. The date for crediting the shares to the Demat account for Drone Destination Ltd IPO is 20th July 2023. The listing will begin on 21st July 2021 at the NSE SME exchange. “Drone Destination IPO allotment Status”
Drone Destination IPO allotment Status: Date | GMP | Price | Review Details
Drone Destination IPO allotment Status: Drone Destination Ltd has not released any offer for sale (OFS) component for the IPO. The company plans to use the net proceeds gained by the IPO for capital investments, purchasing new drones, and other general purposes of the company. Being an SME (Small and Medium Enterprises) IPO, Drone Destination Ltd. IPO has low liquidity and has more risk attached to it. “Drone Destination IPO allotment Status”
After it gets listed, it will be traded in a lot size of 2,000 shares. Websites that follow the activities of the grey market report that Drone Destination Ltd. IPO shares are commanding a high premium and their range is 45-50. It indicates that the shares of Drone Destination can be listed at around 75 percent premium. “Drone Destination IPO allotment Status”
| Name of Equity share | Drone Destination Ltd IPO |
| Issued by | Drone Destination Ltd |
| Number of Equity shares | 6,800,000 equity shares |
| Anchor Investor Shares Offered | 18,88,000 shares (27.76%) |
| Market Maker Shares Offered | 5,00,000 shares (7.35%) |
| QIB Shares Offered | 12,62,000 shares (18.56%) |
| NII (HNI) Shares Offered | 9,45,000 shares (13.90%) |
| Retail Shares Offered | 22,05,000 shares (32.43%) |
| Face value | ₹10 |
| Drone Destination Ltd IPO Price band | ₹62 to ₹65 |
| Drone Destination Ltd IPO Aggregate | ₹44.20 crores |
| Drone Destination Ltd IPO Issue Open Date | 7th July 2023, Friday |
| Drone Destination Ltd IPO Issue Close Date | 31st July 2023, Thursday |
| Drone Destination Ltd IPO Minimum quantity (lot size) | 2000 |
| Date for Finalizing of Allotment Status of Drone Destination Ltd IPO | 18th July 2023 |
| Date for initiation of refund for Drone Destination Ltd IPO | 19th July 2023 |
| Date for crediting of the shares to the Demat account for Drone Destination Ltd IPO | 20th July 2023 |
| Date for publishing Drone Destination Ltd IPO list | 21st July 2023. |
| current grey mart premium (GMP) of Drone Destination Ltd IPO (14th July 2023) | ₹41 |
| Online Checking allotment status of Drone Destination Ltd IPO | Website of Maashitla Securities Private Ltd (IPO registrar to Drone Destination Ltd) |
| Website link | https://www.maashitla.com/allotment-status/public-issues |
The process of checking Drone Destination Ltd IPO allotment date and status online on the website of Maashitla Securities Private Ltd
Drone Destination IPO allotment Status: Checking the allotment status of Drone Destination Ltd IPO on the website of Maashitla Securities Private Ltd is a straightforward procedure. Remember, the allotment status for Drone Destination Ltd IPO will be finalized on 18th July 2023, Tuesday and only after that the allotment status can be accessed. Here is a step-by-step guide to doing so. “Drone Destination IPO allotment Status”
- Open the website of Maashitla Securities Private Limited on your device by using the following link: https://www.maashitla.com/allotment-status/public-issues. A landing page will open.
- You will able to see the IPOs that are active and the IPOs that are not active yet but are managed by the registrar. From the drop-down menu select Drone Destination Ltd.
- Thereafter, you have three processes by which you can check the Drone Destination Ltd. IPO allotment status.
- Firstly, you can inquire about the application status depending on your Income Tax PAN number. For that, you have to:
- From the dropdown menu select PAN (permanent account number)
- Enter your 10-digit PAN alphanumeric number
- Click or tap on the Submit button after entering the PAN
- You will get the details of the allotted shares
- In the second way, Allotment status can be accessed based on CAF Number or Application Number. You can access the application number on the acknowledgment slip you get after completing the application process for IPO. For that, you have to: “Drone Destination IPO allotment Status”
- From the dropdown menu select Application / CAF number
- Enter your CAF number or Application Number
- Click or tap on the Submit button after entering the number
- You will get the details of the allotted shares
- Thirdly, Allotment status can be accessed by the Beneficiary ID of your demat account. You will get the Client ID and Dp Id on the statement of your account or in your online DP statement. For that, you have to:
- Enter your Client Id and DP id in a single string
- Click or tap on the Submit button after entering the number
- You will get the details of the allotted shares
- Once you get the details of allotted shares by using any one of the above methods, take a screenshot and save it on your device. You will need it later. It will be wise to verify the demat credit around July 20th, 2023.
Drone Destination IPO allotment Status: FAQ’s
1. What is the issue size of the Drone Destination IPO?
Drone Destination IPO aggregated to Rs 44.20 cr
2. Where will the Drone Destination IPO get listed?
The shares of Drone Destination IPO are likely to be listed on NSE SME.
3. What is the IPO Drone Destination?
The IPO price band of each share of Drone Destination IPO is ₹62 to ₹65.