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Droneacharya Aerial Innovations Ltd
Registered Office: Cabin No-10 5thFlr Richmond Rd, IndiQube Penta Newno51/OldNo14, Banglore - 560025, Karnataka
Phone: 91-44-43846228
Email: cs@droneacharya.com
Website: www.droneacharya.com
Public issue of 62,90,000 equity shares of face value of Rs. 10 each (Equity Shares) of Droneacharya Aerial Innovations Limited (the Company or the Issuer) for cash at a price of Rs. 54 per equity (the Issue Price) aggregating to Rs. 33.97 crores (The Issue) comprising of a fresh issue of 62,90,000 equity shares aggregating to Rs. 33.97 crores (the Fresh Issue) of which 3,16,000 equity shares aggregating to Rs. 1.71 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 59,74,000 equity shares aggregating to Rs. 32.26 crores (the Net Issue). The issue and the net issue will constitute 26.22% and 24.90%% respectively of the post issue paid up equity share capital of the company. The issue price is Rs.54 per equity shares is 5.4 times of face value of the equity shares.

Issue		Money Payable On
Opens On	Closes On	Application	Allotment
13-Dec-2022	15-Dec-2022	₹ 54.00	₹ 0.00

Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
	(₹)Cr.	Lead Managers to the Issue
Project Cost	33.97	Corporate Capitalventures Pvt Ltd
Project Financed through Current Offer	33.97
Post Issue Equity Share Capital	23.99
Issue Price	₹54.00

Projects
Purchase or Drone and other accessories
General corporate expenses

Promoted By
Prateek Srivastava
Nikita Srivastava

Listing At
BSE - SME

Registrar to the Issue
Bigshare Services Pvt Ltd

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