Multibagger Stock: Shankar Sharma-backed SME IPO returns 150% in 4 months, despite falling 45% from record high

Shankar Sharma portfolio: Droneacharya Aerial Innovations shares is one of the multibagger stocks that the Indian stock market has produced in 2023. BSE SME stock backed by ace investor Shankar Sharma had a decent listing on the BSE SME stock exchange on December 23, 2022 and almost four months after its listing, Droneacharya Aerial Innovations stock price rose to its lifetime high of €243.35 apiece on BSE in mid-January.

Shankar Sharma portfolio: Droneacharya Aerial Innovations shares is one of the multibagger stocks that the Indian stock market has produced in 2023. BSE SME stock backed by ace investor Shankar Sharma had a decent listing on the BSE SME stock exchange on December 23, 2022 and almost four months after its listing, Droneacharya Aerial Innovations stock price rose to its lifetime high of €243.35 apiece on BSE in mid-January.

However, earnings bookings were soon triggered on this stock of the drome maker and Droneacharya Aerial Innovations’ share price today is around €135 apiece, almost 45 percent lower than its record highs. If we compare this BSE SME share offering price during the launch of its initial public offering (IPO). €52 to €54 per share, it is still one of the multibagger IPOs that the BSE SME stock market has delivered in 20223.

However, earnings bookings were soon triggered on this stock of the drome maker and Droneacharya Aerial Innovations’ share price today is around €135 apiece, almost 45 percent lower than its record highs. If we compare this BSE SME share offering price during the launch of its initial public offering (IPO). €52 to €54 per share, it is still one of the multibagger IPOs that the BSE SME stock market has delivered in 20223.

Droneacharya Aerial Innovations share price history

Droneacharya Aerial Innovations IPO was launched in December 2022 in a price range of €52 to €54 per common share. The public edition was subscribed a whopping 243.70 times, while the retail portion was subscribed 330.82 times. Droneacharya Aerial Innovations stock was listed on the BSE SME Exchange on December 23, 2022 at a listing premium of around 90 percent over the stock €102 against the issue price of €52-54 per share. The drone maker stock owned by Shankar Sharma hit the upper circles within minutes of its listing and continued to close the upper circles in subsequent sessions, climbing to its lifetime high of €243.35 per share on BSE, giving the lucky allotments a return of around 3350 percent.

Droneacharya Aerial Innovations share price history

Droneacharya Aerial Innovations IPO was launched in December 2022 in a price range of €52 to €54 per common share. The public edition was subscribed a whopping 243.70 times, while the retail portion was subscribed 330.82 times. Droneacharya Aerial Innovations stock was listed on the BSE SME Exchange on December 23, 2022 at a listing premium of around 90 percent over the stock €102 against the issue price of €52-54 per share. The drone maker stock owned by Shankar Sharma hit the upper circles within minutes of its listing and continued to close the upper circles in subsequent sessions, climbing to its lifetime high of €243.35 per share on BSE, giving the lucky allotments a return of around 3350 percent.

However, shares of this Shankar Sharma holding company soon posted profits and today is down 45 percent from its all-time high €243.35 steps each. Droneacharya Aerial Innovations share price today is around €135, which is still close by €81 about Droneacharya Aerial Innovations IPO price of €52-54 per share and delivers 150 percent returns to its lucky allotments who have a long-term perspective on these drome-making Shankar Sharma portfolio stocks.

However, shares of this Shankar Sharma holding company soon posted profits and today is down 45 percent from its all-time high €243.35 steps each. Droneacharya Aerial Innovations share price today is around €135, which is still close by €81 about Droneacharya Aerial Innovations IPO price of €52-54 per share and delivers 150 percent returns to its lucky allotments who have a long-term perspective on these drome-making Shankar Sharma portfolio stocks.

Shankar Sharma, other investors supported the company

In the pre-IPO financing, brand investors led by Shankar Sharma and other well-known market insiders and celebrities have opted for a minority stake in the company.

Shankar Sharma, other investors supported the company

In the pre-IPO financing, brand investors led by Shankar Sharma and other well-known market insiders and celebrities have opted for a minority stake in the company.

Speaking on the prospects for Droneacharya Aerial Innovations stocks following the launch of Droneacharya Aerial Innovations, Shankar Sharma said: “Given Prime Minister Narendra Modi’s vision of turning India into a global drone hub, we in Droneacharya, the start-up company Droneacharya, invested in drone services and pilot training. Further , drones are used across industries in the country for surveying, delivery and surveillance and this segment is expected to grow strongly in the coming years. We see great value creation as the company has been able to scale up its operations in a very short span of time and has dynamic plans in front of you.”

Speaking on the prospects for Droneacharya Aerial Innovations stocks following the launch of Droneacharya Aerial Innovations, Shankar Sharma said: “Given Prime Minister Narendra Modi’s vision of turning India into a global drone hub, we in Droneacharya, the start-up company Droneacharya, invested in drone services and pilot training. Further , drones are used across industries for surveying, delivery and surveillance in the country and this segment is expected to grow strongly in the coming years. We see great value creation as the company has been able to scale up its operations in a very short period of time and has dynamic plans ahead .”

Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms and not Mint. We advise investors to consult certified professionals before making any investment decisions.

Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms and not Mint. We advise investors to consult certified professionals before making any investment decisions.

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