There is currently a lot of activity on the IPO market. One by one, different companies are raising money on the primary market. Investors are also investing heavily in these companies. The IPO of the country’s first drone startup, Droneacharya Aerial Innovations IPO, begins Tuesday, December 13. Investors can subscribe to this IPO until December 15th.
According to website IPO Watch, Drone Acharya Aerial Innovations’ GMP in the gray market today ie December 11 is Rs.65. This means that if this trend continues, the company can offer investors a 120 percent return on the first day on the stock exchange. The price range of Drone Acharya Aerial Innovation IPO is 52-54 rupees. The company is listed on the BSE SME.
The company’s shares are listed on the BSE SME exchange. Drone Acharya Aerial Innovations will use the funds raised to purchase and manufacture drones. Apart from that, the fund will also be used to strengthen infrastructure. The company aims to open 12 new training centers by March 2023. During the first quarter of the current fiscal year, the company’s total revenue was Rs. 308.96 and the company’s net profit was Rs. 72.06.
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