- Date : 06/12/2022
- Read: 2 mins
DroneAcharya Aerial Innovations IPO details
The latest IPO hitting the markets in the third week of December is DroneAcharya Aerial Innovations. The drone-making start-up had a successful round of funding in its initial days. It got investments from leading investors like Mangina Srinivas Rao, Shankar Sharma and VC Karthik. Now the company is eyeing listing its shares on the stock market and is, thus, going the IPO route. Let’s look at the details.
IPO details
Related - Find out how you can increase your chances of allotment when subscribing to an IPO
About DroneAcharya Aerial Innovations
The drone manufacturing start-up has many named investors backing it. Besides the investors named earlier, the company secured investment from Harshal Mode, Ashish Nanda and Wellstone Capital before its IPO.
According to the company’s press release, some of its achievements are as follows –
- In 2022, the company became the first privately-owned venture to secure the Remote Pilot Training Organization (RPTO) license certified by the Directorate General of Civil Aviation (DGCA).
- Since March 2022, DroneAcharya Aerial Innovations has trained more than 180 drone pilots.
- For the first quarter of the financial year 2023, the company has reported a total revenue of Rs.3.09 crores and a net profit of Rs.72.06 lakhs.
- The company intends to manufacture Indian-made drones for surveillance on land and also underwater.
Other financial details of the company are as follows – (Source: https://www.chittorgarh.com/ipo/droneacharya-aerial-innovations-ipo/1348/)
Other IPO details
The company will be listed on the BSE SME index. It plans to use the IPO funds to buy and manufacture sensors and drones and for other corporate uses. The promoters of the company are Mr Pratik Srivastava and Mrs Nikita Srivastava.
So, know the company and its IPO details before you invest.
Related - Things to keep in mind when investing in an IPO
See this video to check out the review of the DroneAcharya Aerial Innovations IPO
The latest IPO hitting the markets in the third week of December is DroneAcharya Aerial Innovations. The drone-making start-up had a successful round of funding in its initial days. It got investments from leading investors like Mangina Srinivas Rao, Shankar Sharma and VC Karthik. Now the company is eyeing listing its shares on the stock market and is, thus, going the IPO route. Let’s look at the details.
IPO details
Related - Find out how you can increase your chances of allotment when subscribing to an IPO
About DroneAcharya Aerial Innovations
The drone manufacturing start-up has many named investors backing it. Besides the investors named earlier, the company secured investment from Harshal Mode, Ashish Nanda and Wellstone Capital before its IPO.
According to the company’s press release, some of its achievements are as follows –
- In 2022, the company became the first privately-owned venture to secure the Remote Pilot Training Organization (RPTO) license certified by the Directorate General of Civil Aviation (DGCA).
- Since March 2022, DroneAcharya Aerial Innovations has trained more than 180 drone pilots.
- For the first quarter of the financial year 2023, the company has reported a total revenue of Rs.3.09 crores and a net profit of Rs.72.06 lakhs.
- The company intends to manufacture Indian-made drones for surveillance on land and also underwater.
Other financial details of the company are as follows – (Source: https://www.chittorgarh.com/ipo/droneacharya-aerial-innovations-ipo/1348/)
Other IPO details
The company will be listed on the BSE SME index. It plans to use the IPO funds to buy and manufacture sensors and drones and for other corporate uses. The promoters of the company are Mr Pratik Srivastava and Mrs Nikita Srivastava.
So, know the company and its IPO details before you invest.
Related - Things to keep in mind when investing in an IPO
