The Grey Market Premium (GMP) today for the Drone Destination Initial Public Offering (IPO) is faring at Rs 50 today. The IPO GMP has been faring between Rs 40-55 for the past week. Drone Destination Limited has fixed its IPO share price in the range of Rs 62 to Rs 65 at a face of Rs 10 per share with lot size being 2,000 shares. Market observers predict Drone Destination IPO GMP today to fare better as the issue is poised to open on 7th July. The company has put a total of 6,800,000 shares for sale through this issue aiming to raise a total of Rs 44.20 crore. The Drone Destination IPO was subscribed a total of 34.14 times by its Day 2.
Drone Destination is a DGCA-authorized Remote Pilot Training Organization into manufacturing drones, training and surveys including through its subsidiary. Upon listing, this will be the only publicly listed company into training and surveys. The company has been selected for SWAMITVA yojna for surveying the villages for land records. Some of tis clients & partners include Haryana Government, Survey of India, IFFCO, HP government and ICAR etc.
Drone Destination GMP Today – Live Updates
| Date | Grey Market Premium |
| 11th July, 2023 | Rs 50/- |
Drone Destination grey market premium is based on the real-time interest in the market for the Initial Public Offering. The IPO GMP rates are updated twice, once in the morning and then in the evening. Next Drone Destination IPO GMP update will be on 6th July, evening.
The company had posted an income of Rs 12.08 crore in FY23 with Rs 2.44 crore net profit. Read the full financial data in the official RHP here.
Drone Destination IPO opens on 7th July and closes on 13th July as per the RHP. The issue was set to close on 11th July but the date is extended to 13th July. Drone Destination IPO is a SME IPO and is expected to be listed on BSE/NSE on 21st July.
Stay tuned to IPOSingh.in for IPO GMP news and updates.
