AgenciesDronacharya Aerial Innovations made a strong debut on the bourses on Friday as the company got listed at Rs 102 on BSE's SME platform, a premium of 90% against its issue price of Rs 54 apiece.
Last heard, the company was exchanging hands at a premium of Rs 50-55 apiece compared to its issue price of Rs 54, signalling a listing pop of about 100%. Its premium stood at Rs 75 at its peak.
The SME player raised Rs 33.97 crore via its initial stake sale between December 13-15, selling its shares in the range of Rs 52-54 in a lot size of 2,000 shares.
The issue was overall subscribed 243.7 times, with the retail book getting 330.82 times bids. The HNI portion fetched 287.8 times subscription, whereas the quota for qualified institutions was booked 46.2 times.
Droneacharya Aerial Innovations provides a high-end ecosystem of drone solutions for multi-sensor drone surveys, data processing of drone data using robust high-configuration workstations, drone pilot training & specialized GIS training.
Incorporated in 2017, Droneacharya Aerial Innovations is based in the cultural and IT hub of Pune, Maharashtra.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Last heard, the company was exchanging hands at a premium of Rs 50-55 apiece compared to its issue price of Rs 54, signalling a listing pop of about 100%. Its premium stood at Rs 75 at its peak.
The SME player raised Rs 33.97 crore via its initial stake sale between December 13-15, selling its shares in the range of Rs 52-54 in a lot size of 2,000 shares.
The issue was overall subscribed 243.7 times, with the retail book getting 330.82 times bids. The HNI portion fetched 287.8 times subscription, whereas the quota for qualified institutions was booked 46.2 times.
Droneacharya Aerial Innovations provides a high-end ecosystem of drone solutions for multi-sensor drone surveys, data processing of drone data using robust high-configuration workstations, drone pilot training & specialized GIS training.
Incorporated in 2017, Droneacharya Aerial Innovations is based in the cultural and IT hub of Pune, Maharashtra.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
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