Home IPO Droneacharya Aerial Innovations files DRHP for SME IPO

Droneacharya Aerial Innovations files DRHP for SME IPO

by Chris Williams
Droneacharya Aerial Innovations filed DRHP with market regulator Sebi for their IPO on Thursday. The company will be issuing a total of 62.90 lakh equity shares of Rs 10 apiece via the book-building route.

The equity shares of the company are proposed to be listed on BSE’s SME Platform (BSE SME).

The proceeds from the proposed offering will be used by the company to purchase drones and other accessories, and for other general corporate expenses.

For the year ended June 2022, the company reported a total income of Rs 3.08 crore and a net profit of Rs 72.06 lakh.
Droneacharya Aerial Innovations, incorporated in the year 2017, is a full-fledged innovative data solution company which provides a complete ecosystem of drone solutions for multi-sensor drone surveys, data processing of Drone and robust high-configuration hardware for drone delivery, drone in a box solution for automated survey and surveillance and drone pilot training, along with GIS data processing, Python coding and industry-specific courses.

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