62.90 lakh equity shares are being offered for INR 10 each.
A Draft Red Herring Prospectus (DRHP) has been filed by Droneacharya Aerial Innovations Limited with the Bombay Stock Exchange (BSE) for their initial public offering. The company plans to offer 62.90 lakh Equity Shares of Rs 10/- each through the book-building route. The Equity Shares offered through the DRHP are proposed to be listed on BSE’s SME Platform (BSE SME).
The company provides a complete ecosystem of drone solutions along with GIS data processing, Python coding and industry-specific courses. The funds would be used to purchase drones and other accessories.
Droneacharya Aerial Innovation is DGCA (Directorate General of Civil Aviation) certified RPTO (Remote Pilot Training Organization) company, having its main centre in Pune, Maharashtra. Within a span of only six months of operations, they have been able to train more than 150 drone pilots. It has recently signed an MOU with Rashtriya Raksha University and launched its second RPTO in Gujarat, aiming to upskill the next generation and the students to join the Indian Armed Forces.
For the year ended June 2022, the company has reported a total income of Rs 308.96 lakhs and a net profit of Rs 72.06 lakhs.
