Drone Destination Limited
LISTEDSME IPO · IPO Guide
Issue Price
₹62 – ₹65
Listed On
21 Jul 2023
Listing Price
₹107.45 (+65.31%)
Current Price LIVE
₹107.45
(+65.31%)
Lot Size Calculator
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,30,000 |
| Retail (Max) | 2 | 4,000 | ₹2,60,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,90,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,10,000 |
| B-HNI (Min) | 8 | 16,000 | ₹10,40,000 |
As per financials, Drone Destination Limited has shown average results, RoNW is 13.90% and P/E is respectively 761.87 and 64.68 as per FY22 and FY23 earnings, which looks aggressively priced. Also trade receivables in FY23 is above 55% of total revenue, which is very high. Company is in business of Drone Pilot Training and Drone as a Service, which is a high growth sector in Bharat and we may see increase in competition in future. So we are giving rating to this SME IPO and one may apply for listing gain. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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Disclaimer
No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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