Drone Destination Limited IPO Message Board (Page 10)

GMP down from 65 to 45 in hours

Thoko maal thokkkkkkooooo

LM is new

Didn't Finds great Financials.

I am applying
Accelated SME
Kaka SME

Don't wasting Time Money and Energy on this IPO.

IPO is fancy because of Drone. Don't see such High Valuation is justified.

Dear admin
Please check closing date of this issue from RHP which shows 11th July 2023

Dear Sir, The closing date is 13th July. The RHP document will be updated in sometime.

Does prostocks allow selling sme ipo?

Yes

Drone Destination IPO Timetable (Tentative)
Drone Destination IPO opens on Jul 7, 2023, and closes on Jul 13, 2023.

Wrong Dates

Closes date is 11/07/2023
opens on Jul 7, 2023, and closes on Jul 11, 2023.

Icicidirect site also showing closing Dt 13/07/23. Pl. don't spread misinformation....

No issue closes on 13th July

Off topic.

Any one tracking earth ??? or holding ??
Looks like stock is not moving and not volume at all
​@MRavichandran @Noorul @lokesh

What is the difference between Mainboard IPO and SME IPO. For example, we have to apply a minimum of 2000 shares in drone destination ltd IPO. If we got allotment, can we sell a portion say 500 or 1000 shares. Further, whether SE IPO shares are easy to trade like Main board IPO.

@SUBRAMANIAN B In SME IPO share traded in lots only i.e. 1200/1600/2000/3000/4000 as per there price and lot size.
In main board share traded can be minimum 1
SME shares are hard to sell on LC and buy on UC.

Drone vs Kaka vs Utkarsh?
~15L and 4 demat

Hni subscription estimate?

Hyped sector, last heard GMP Rs 57/- per share, assuring listing gain as of now
YoY revenue jump due to to 3x increase in revenue from training and Rs5.7 cr revenue from new vertical of survey and mapping services.
Survey and mapping services provided in BJP ruled / ex-BJP ruled states of Gujarat, UP and Karnataka. Any regime change is risk. Government business has higher receivable period of around 200 days skewing cash flow. Effect seen in receivables which have jumped from Rs 25 lacs to Rs 6.66 cr.
Cash flow from operation is barely positive and due to stretched payables + increase in short term liabilities
Garbled prospectus, Annexure IV-11, IV-26, numbers are in Rs for 22-23 and in Rs thousands for previous years.
Professional & consultant fees, donation, rent expense, contractual payment to IGRUA, travelling, vehicle running etc have jumped in 22-23 presumably due to increase in government business of survey and mapping services
Vehicle loans have interest rate of 9 to 9.5%, unsecured bank loans are at 13% and 14.5%. Not sure if banks have refused to accept drones as a security for giving loans?
Company has purchased laptops using credit card and is paying off through EMI.
Company intends to purchase 140 drones worth Rs 20.97 cr and will use Rs 10 cr from the IPO for this. Rest to be funded from internal accruals, I presume. Drones worth Rs 9.84 cr to be purchased from private limited group company
Based on working capital projections, Rs 22 cr outstanding of 94 days as on 31-Mar-24, company estimates revenue of Rs 84 cr in 23-24, a jump of 7x from 22-23

Why do they want to buy eeco.. to deliver drones?

It seems a funny company.

Ideaforge is also going to start drone as a service business line.. considering the market share that idea has.. very less chance of drone to survive the competition..

Better invest in idea than this

Isn't ore hype more subscription and more money ?

Retail vs NII ... which has better chances of allotment ?

NII any day

Drone 1.25x
And kaka 0.9x

Listing will be super se upar

drone vs kaka if you only have funds for one

Go for drone, it has more lots available than kaka.

Can someone please suggest which IPO is good to applying where chance are High to get the IPO. I have 1 lakh 30 thousand eo I can apply like below

1. Drone ( 1 lot)
2. Kaka (1 lot)
3 utkarsh (8 lot)

Thanks & Regards
Binni

Actually, there is not much difference between drone and kaka. Both are very good. I personally like kaka more as I feel drone is overhyped. But both will definitely give good listing gains. There is hardly much to choose between the two.

Thanks you sir for the input sir. Then I will apply in kaka 1 lot in retail and utkarsh maybe 2 lot in retail

In the ongoing SME IPOs which is best for sure and higher listing gains if alloted.
I have only one application amount.
Thank you 🙏🙏

Should I go ahead. So far not succeeded against numerous attempts.

@Subhash sharma Keep trying, If you have funds. In case you are not alloted, you have lost nothing.

Wanted to sell application in kostak / subject to 
is there anybody interested?

Is there a chance of a negative listing due to large issue size and new LM? Experts please respond

No chance of negative listing. But Return On Investment would not be great here. It would be subscribed heavily in Hni (more than 250 times is my guess) and even if it gives 80% return, ROI would not be great. And if it surprises negatively (like essen and greenchef) and give only 30-40% return then ROI would be even worst. So, if you have limited funds you should plan accordingly.

What is expected subscriptions numbers?

Does prostocks allow buying/selling sme shares?#

Advice requested from seniors and experienced people:
1. Does a 10-12 lac application in this kind of SME IPO (where HNI 15%, Retail 35%) make sense? Does it improve the probability of allotment compared to a single lot Retail application?
2. Need help with setting up IPO application using UPI. Is there any step-by-step guide on CG or elsewhere on the net? Not able to set it up :-/

@AAvi sir that means 20Lakh application will have higher chances compared to 10L with respect to 16 applications on 20Lakh category

@Antany This applies only to SME IPOs, and there's no sHNI and bHNI in SME IPOs.
For mainboard, 10L or 20L application won't make any difference. Same way a 2L or 9.xx L application won't make any difference under sHNI.