Drone Destination IPO subscription status can be checked live here for the duration of the issue. Drone Destination Initial Public Offering (IPO) opened on 7th July and will close on 13th July after the closing date extension from previously set 11th July. The subscription status for the Drone Destination IPO will be updated on the website of National Stock Exchange (NSE) once the bidding is done for the day. The subscription status is updated at the end of each day of trading.
Drone Destination, the DGCA-approved company dealing in manufacturing of drones, surveying and training has put its Initial Public Offer out to raise funds of Rs 44.20 crore. The company is offering a total of 6,800,000 shares in the fixed price range of Rs 62-65/- at a face of Rs 10 per share. The lot size is fixed at 2000 shares. Maashitla Securities Private Limited is the official Registrar of Drone Destination IPO listing.
Read Drone Destination IPO GMP updates here.
Drone Destination IPO Subscription Status Updates
Updated on: 11th July, 10:15 AM.
| Investor category | Subscription status |
| Qualified institutions | 5.62 times |
| Non-institutional buyers | 19.58 times |
| Retail investors | 56.71 times |
| Total | 34.14 times |
The investors can check the live subscription status for Drone Destination IPO by visiting the NSE website at this link. Select the Drone Destination among the current issues under the NSE Bid Details category and keep refreshing for the live subscription updates.
Normally, Check the IPO subscription status at the end of day’s trading to get a clearer picture of how the Drone Destination IPO is faring.
We’ll update daily summary of IPO subscription status in the above table.
IPO Reservation:
- QIB quota- not more than 50% of the total shares offered in the net issue
- NII (HNI) quota- Not less than 15% of the net issue
- Retail quota- Not less than 35% of the net issue
IPO Lot Size:
- 1 lot consists of 2,000 shares amounting to a total of Rs 1,30,000/-.
- The retail investors can only bid for 1 lot.
- HNI investors have to apply for minimum 2 lots.
The Drone Destination IPO is set to be listed on the stock exchange on 21st July as per the company’s prospectus.
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