Drone Destination IPO vs Service Care IPO

Comparision between Drone Destination IPO and Service Care IPO.

IPO Details

Drone Destination IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Service Care IPO is a SME Book Built Issue proposed to list at NSE SME.

	Drone Destination IPO	Service Care IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Narnolia Financial Services Ltd	Swastika Investmart Ltd
Registrar	Maashitla Securities Private Limited	Integrated Registry Management Services Private Limited
Market Maker	Nikunj Stock Brokers Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Drone Destination IPO is up to ₹44.20 Cr whereas the issue size of the Service Care IPO is up to ₹20.68 Cr. The final issue price of Drone Destination IPO is ₹65.00 per share and of Service Care IPO is ₹67.00 per share.

	Drone Destination IPO	Service Care IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹62.00 per share	₹63.00 per share
Issue Price (Upper)	₹65.00 per share	₹67.00 per share
Issue Price (Final)	₹65.00 per share	₹67.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	68,00,000 shares	30,86,000 shares
Fresh Issue Size (Amount)	up to ₹44.20 Cr	up to ₹20.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	68,00,000 shares	30,86,000 shares
Issue Size Total (Amount)	up to ₹44.20 Cr	up to ₹20.68 Cr

IPO Timetable

Drone Destination IPO opens on Jul 07, 2023, while Service Care IPO opens on Jul 14, 2023. The closing date of Drone Destination IPO and Service Care IPO is Jul 13, 2023, and Jul 18, 2023, respectively.

	Drone Destination IPO	Service Care IPO
Anchor Bid Date	Jul 06, 2023
Issue Open	Jul 07, 2023	Jul 14, 2023
Issue Close	Jul 13, 2023	Jul 18, 2023
Basis Of Allotment (Tentative)	Jul 18, 2023	Jul 21, 2023
Initiation of Refunds (Tentative)	Jul 19, 2023	Jul 24, 2023
Credit of Share (Tentative)	Jul 20, 2023	Jul 25, 2023
Listing date (Tentative)	Jul 21, 2023	Jul 26, 2023
Anchor Lockin End date 1	Aug 17, 2023	Aug 20, 2023
Anchor Lockin End date 2	Oct 16, 2023	Oct 19, 2023

Financials

Drone Destination IPO P/E ratio is 64.35, as compared to Service Care IPO P/E ratio of 21.2.

Drone Destination IPO

Service Care IPO

Financial

Drone Destination Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	96.34	39.33	-4.56	2.42	-8.58	9,794.46
31-Mar-22	278.30	257.16	20.73	23.15	12.15	151.09
31-Mar-23	2,359.33	1,207.73	244.19	1,757.34	1,257.34	159.17
Amount in ₹ Lakhs

Service Care Private Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,920.92	10,812.34	136.28	434.38	433.38	306.01
31-Mar-21	2,019.92	8,933.38	23.46	457.84	456.84	314.56
31-Mar-22	2,430.89	11,501.64	174.48	632.32	631.32	341.47
31-Jan-23	3,181.30	13,217.29	302.34	1,134.66	1,133.41
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

85.14%

100%

Promoter Shareholding (Post-Issue)

62.31%

P/E Ratio

64.35

21.2

Market Cap

₹157.95 Cr.

₹77.04 Cr.

ROE

13.90%%

0.34%

ROCE

18.65%%

0.37%

Debt/Equity

0.06

EPS

₹25.80

₹1744.81

RoNW

13.90%%

26.65%

Shares Offered

In the Drone Destination IPO retail investors (RII) are offered 22,05,000 shares while in Service Care IPO retail investors are offered 22,05,000 shares. Qualified institutional buyers (QIB) are offered 12,62,000 shares in Drone Destination IPO and 2,94,000 shares in Service Care IPO.

	Drone Destination IPO	Service Care IPO
Anchor Investor Reserveration	18,88,000 shares
Market Maker Reserveration	5,00,000 shares	1,56,000 shares
QIB	12,62,000 shares	2,94,000 shares
NII	9,45,000 shares	13,18,000 shares
RII	22,05,000 shares	13,18,000 shares
Employee	0 shares	0 shares
Others
Total	44,12,000 shares	29,30,000 shares

Bids Received (Subscription)

Drone Destination IPO subscribed 191.65x in total, whereas Service Care IPO subscribed 6.44x.

	Drone Destination IPO	Service Care IPO
QIB (times)	50.46x	5.10x
NII (times)	243.85x	2.64x
Big NII (times)
Small NII (times)
RII (times)	250.09x	10.54x
Employee (times)
Other (times)
Total (times)	191.65x	6.44x

Compare with others

Drone Destination IPO	Service Care IPO
Khazanchi Jewellers IPO	Yasons Chemex Care IPO
Srivari Spices and Foods IPO	Committed Cargo Care IPO
Asarfi Hospital IPO	Khazanchi Jewellers IPO
Service Care IPO	Srivari Spices and Foods IPO
Ahasolar Technologies IPO	Asarfi Hospital IPO
AccelerateBS India IPO	Ahasolar Technologies IPO
Synoptics Technologies IPO	Drone Destination IPO
Alphalogic Industries IPO	AccelerateBS India IPO
Global Pet Industries IPO	Synoptics Technologies IPO
Tridhya Tech IPO	Alphalogic Industries IPO

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