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Drone Destination Ltd

Registered Office : C-13, Ground Floor,Panchsheel Enclave,Delhi Delhi 110017 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

Opens On

Closes On

07-Jul-2023

13-Jul-2023

Money Payable On

Application

Allotment

65.00

0.00

Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

37.57

44.20

24.30

65.00

Narnolia Financial Services Ltd

Projects

Purchase of New Drones

Purchase of Vehicle

Capital Expenditure

Working Capital Requirements

General Corporate Purposes

Promoted By

Chirag Sharma

Shashi Bala

Listing At

NSE - SME

Registrar to the Issue

Maashitla Securities Pvt Ltd