According to Avinash Gorakshkar, Head of Research at Profitmart Securities. He believes that the Drone Destination IPO is worth considering for investors. He points out that SME IPOs have been providing significant returns especially when they are related to popular themes in the market like defense and drone technology. These themes have been performing well and benefiting both promoters and investors. Due to this. He expects a strong response to the IPO from both DIIs and FIIs. Gorakshkar advises investors to consider applying for the IPO in order to potentially gain profits from listing. Even if they do not plan on holding their investment for the long term.
The IPO has commenced today and will continue until 13th July 2023. The company has proposed the book build issue for listing on the NSE SME exchange. With a price band of ₹62 to ₹65 per equity share for the Drone Destination IPO. The objective of India’s eminent drone service provider is to raise a total sum of ₹44.20 crore through its public offer.
Here we list out important Drone Destination IPO details that you may like to know before applying:
1] Drone Destination IPO GMP today: According to market observers, shares of Drone Destination Ltd are available at a premium of ₹45 in the grey market today.
2] Drone Destination IPO price: The SME issue is offered at a price band of ₹62 to ₹65 per equity share.
3] Drone Destination IPO date: The public issue has opened for bidding today and it will remain open for subscribers till 13th July 2023.
4] Drone Destination IPO size: The drone service provider SME company aims to raise ₹44.20 crore from this public issue.
5] Drone Destination IPO lot size: A bidder will be able to apply in lots and one lot of the issue comprises 2000 company shares.
6] Drone Destination IPO investment limit: As an investor would be able to apply in lots and one lot comprises 2000 company shares, the minimum amount required to apply for this NSE SME IPO is ₹1,30,000 ( ₹65 x 2000).
7] Drone Destination IPO allotment date: Allocation of shares is most likely on 18th July 2023.
8] Drone Destination IPO registrar: Maashitla Securities Private Limited has been appointed as official registrar of the NSE SME IPO.
9] Drone Destination IPO listing: The public issue is proposed for listing on NSE SME exchange and tentative ate for Drone Destination IPO listing is 21st July 2023.
According to Avinash Gorakshkar, Head of Research at Profitmart Securities. He believes that the Drone Destination IPO is worth considering for investors. He points out that SME IPOs have been providing significant returns especially when they are related to popular themes in the market like defense and drone technology. These themes have been performing well and benefiting both promoters and investors. Due to this. He expects a strong response to the IPO from both DIIs and FIIs.
Gorakshkar advises investors to consider applying for the IPO in order to potentially gain profits from listing. Even if they do not plan on holding their investment for the long term.
