ListedSMEDRONE

Drone Destination

Drone Destination is a sme IPO raising ₹44 Cr at ₹62 – ₹65 a share. It listed on 21 Jul 2023 and trades at ₹40 today, −39.2% against its issue price of ₹65. It was subscribed 0.00× in total.

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₹65

Issue price

₹40

Price now

−39.2%

Since issue price

21 Jul 2023

Listed on

0.00×Subscribed (final) · all exchanges

No bids yet

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹62 – ₹65

Cut-off price₹65

Issue size₹44 Cr

Shares per lot2000

Minimum application₹1,30,000

Minimum quantity2000

Face value₹10

Listing exchanges—

ISININE0P7201019

Bidding hours10:00 – 17:00 IST

Bidding window7 Jul 2023 – 13 Jul 2023

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.