Drone Destination Limited
07 Jul 2023 – 13 Jul 2023
LISTED
Offer Price
₹62–65
Bid lot
2000
Min Application
₹2,60,000
Issue Size
₹44 Cr
Key dates
Open date
07 Jul 2023
Done
Close date
13 Jul 2023
Done
Basis of allotment
—
TBA
Initiation of refunds
—
TBA
Credit to demat
—
TBA
Listing date
21 Jul 2023
Today
Lot ladder — how much to bid
1 lot = 2000 sharesIndividual · up to ₹2 L2+ lots
Min · 2 lots
4,000 sh · ₹2,60,000
Entry point
₹2,60,000 onward
sHNI · ₹2 L to ₹10 L3+ lots
Min · 3 lots
6,000 sh · ₹3,90,000
Entry point
₹3,90,000 onward
bHNI · Above ₹10 L8+ lots
Min · 8 lots
16,000 sh · ₹10,40,000
Entry point
₹10,40,000 onward
Issue details
Lead managersNarnolia Financial Services Limited
Face value₹10
Listing onNSE Emerge
RegistrarMaashitla Securities Private Limited
Grey-market sentiment
No grey-market data yet.
Documents
RHPOpen ↗
Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.
How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Drone Destination Limited IPO?
One lot of 2000 shares — ₹2,60,000 at the upper price band of ₹65.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2023-07-21 on NSE SME.