I examine this initial public offering (IPO) from two primary perspectives: Firstly, the needs of the company, which they have clearly outlined in their offer letter/proposal. Secondly, and most importantly, the POTENTIAL, DESIRE, CURRENT ORDERS, and the future of both the PRODUCT and the company itself. I observe that they have FAVORABLE orders from Government and Semi-Government sectors, as well as some private participants. Given its evident goals, one can either directly apply for the IPO or wait for it to be listed and purchase shares afterwards. I expect a fall in price after listing.
33. SSingh| Link| Bookmark|
July 6, 2023 9:38:06 PM
IPO Guru (1400+ Posts, 800+ Likes)
1. Rajasthan Global maal le gaya matlab LM naya hai but jaanta hai purane khiladiyon ko. 2. Rajasthan Global Listing day maal chodega to wo kaun lega.. 😂😂 Point 2 is dangerous. Check bulk deals Rajasthan global and you will understand. Thoda sa homework sab karo, listing pe kya ho sakta hai, close idea ho jayega…
33.1. Scrip| Link| Bookmark|
July 8, 2023 12:31:31 AM
Top Contributor (500+ Posts, 200+ Likes)
Rajasthan Global first day beech ke nikal jaata hai par Yaha pe Anchor investor hai.
Anyone notices sudden bounce in last year financial report ? Like everything revenue/reserve/assets [2x].. Borrowing too..? Can anyone explain, May be helpful for deciding weather to go FF . By the way thinking of 1 retail.
Might be because Drone Policy came in 2021, 2022 is the first of all Drone As A Service Company, & that the second year, lets see what will be the future, will track this company
Key Points of Drone Destination:(Investor Meeting held at Rajkot on 3rd July):
1. Drone Destination (DD) is fully into DaaS. (Drone as a service)
2. Hubblefly Technologies (an independent subsidiary) manufactures the drone, but they are not commercial drones. Some drones with DD buys from them are for some experimental purpose.
3. Drone as a service has huge applications. Drone in area mapping, spray in the agricultural sector, land mapping, precision agriculture (using image processing), surveillance and monitoring, and many more.
4. DD has currently many ongoing projects. One such is a government contract about surveying villages for land records in North & South Gujarat.
5. DD is fully focusing on opening training centers and training drone pilots. (One needs a license to us pilot to use commercial drones)
6. DaaS has a future in sports as well. The interesting part, one can operate the drone from India in the USA or any other country.
7. Main point, DD is qualified for SWAMITVA Yojana for government projects. The company is approved by the DCGA (Directorate General of Civil Aviation) for training people & opening schools.
8. Had words with CEO Chirag Sharma, a young and dynamic personality. Management is dynamic and bullish on the growing drone industry.
9. Peers: MD said Idea Forge is mainly into manufacturing only so they are not a competitor. Dronacharya is the only listed peer.
10. About sector: About to grow with rates of 35% CAGR for the next 5-6 years atleast.
11. Reputed clients: IFFCO, Survey of India, IGRUA, HITECH, Reliance, ITC, TATA, MapMyIndia, Delhivery and a few others.