Drone Destination

About the company

## **About Drone Destination Limited IPO** Drone Destination Limited is a DGCA authorised drone training institute. Company offers certified training and education programs to fly drones. As per drone rules 2021, an individual must have a valid remote pilot certificate to fly drones legally in India. As a result, the company offers its services in this segment. Besides this, the company also supplies its drones for survey, surveillance and monitoring purposes. Now, Drone Destination is now coming out with its initial public offer (IPO). The IPO will be a fresh issue. The money raised through the fresh issue will be utilised to meet the expenses of purchasing new drones and vehicles. Also, funds will be utilised for working capital requirements and general corporate purposes. ## **Here are key details about the Drone Destination  Limited  IPO :** Company Name| Drone Destination Limited|  | Company Type| Private ---|---|---|---|--- IPO Type|SME|

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   07 Jul 2023

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   13 Jul 2023

   Last day to place your bid

3. Basis of Allotment

   Completed
   09 Jul 2023

   Share allotment finalised

4. Refund Initiation

   Completed
   19 Jul 2023

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   18 Jul 2023

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   21 Jul 2023

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.