Drone Destination Limited IPO
Drone Destination Limited was a SME IPO in the Education sector, offered at ₹62–₹65 per share to raise ₹44 crore. It listed on 21 Jul 2023 at ₹107 and closed its first day at ₹102, a listing gain of +57.1% versus the ₹65 issue price. It now trades around ₹32 (-51.0% versus the issue price).
Frequently asked questions
- What were the Drone Destination Limited IPO listing gains?
- Drone Destination Limited listed on 21 Jul 2023 at ₹107, closing its first day at ₹102 — a listing gain of +57.1% versus the ₹65 issue price.
- What was the price band and lot size of the Drone Destination Limited IPO?
- The price band was ₹62–₹65 per share, with a minimum lot of 2,000 shares (₹1,30,000 at the upper band).
- Who were the registrar and lead manager for the Drone Destination Limited IPO?
- Maashitla Securities Private Limited was the registrar, and Narnolia was the book-running lead manager.