8/29/2023 0 Comments Drone mobile down![]() ![]() If you are not able to click on the link above, you can directly cut the above link and paste it on your browser. ![]() Visit the Maashitla Securities Private Limited (IPO registrar to Drone Destination Ltd) website for IPO status by clicking on the link below: Here are the steps that you need to follow to check allotment status.Ĭhecking the allotment status of Drone Destination Ltd on the website of Maashitla Securities Private Ltd (Registrar to IPO) If you have applied for the IPO, you can either check your allotment status directly on the website of the IPO registrar, Maashitla Securities Private Limited. Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status mainboard IPOs and for BSE SME IPOs. On listing, the company will have an indicative P/E ratio of 64.35X. The company had a pre-IPO promoter holding of 85.14% and post the IPO, the promoter stake in Drone Destination Ltd will stand reduced to 62.31%. The basis of allotment will be finalized on Monday, 18th July 2023, the refunds will be initiated on 19th July 2023, demat credits will be finalized on 20th July 2023, while the stock of Drone Destination Ltd will get listed on the NSE SME segment on 21st July 2023. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 13th July 2023. The QIB portion was also subscribed by 50.46 time, albeit relatively modest. The response of Drone Destination IPO was phenomenal and it was subscribed 191.65X overall at the close of bidding on 13th July 2023 with the retail segment seeing 250.09 times subscription and the non-retail portion seeing 243.85 times subscription. Here is a quick look at how the allocation was made across different categories of investors. The issue is lead managed by Narnolia Financial Services Ltd, while Maashitla Securities Private Ltd will be the registrars to the issue. Post the IPO, the promoter equity in the company will get diluted from 85.14% to 62.31%. Drone Destination Ltd will deploy the funds buying new drones, new vehicles and for other capex and working capital needs. There is no upper limit for the HNI / NII category. HNIs can invest in 2 lots of 4,000 shares worth ₹260,000 as the bare minimum investment. That is also the maximum that a retail investor can apply for in the IPO. Thus, the minimum investment of ₹130,000 in the IPO is the base limit. The retail bidders can bid in minimum lot size of 2,000 share each. The stock has a face value of ₹10 and the price band is ₹62 to ₹65. Drone Destination IPO entails issue of 68 lakh shares which at the upper band of the price range at ₹65 per share aggregates to ₹44.20 crore. Drone Destination IPO worth ₹44.20 crore, comprises entirely of a fresh issue and there is no offer for sale component. ![]()
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