July 7, 2023 - July 13, 2023

Drone Destination IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Drone Destination IPO.

Drone Destination IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	1	0	0	0
%	0.00	100.00	0.00	0.00	0.00

Drone Destination IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Drone Destination IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company operates in a competitive segment with rising players. The sudden boost in its net profits for FY23 raises eyebrows and concerns over sustainability going forward. Based on the super earnings of FY23, the issue appears aggressively priced. Surprised extension of the IPO, two Market Makers and a new merchant banker are the pin-pointers. Well-informed/cash surplus investors may park funds with a long-term perspective. Read detail review...

Drone Destination IPO Peer Comparison

Drone Destination Limited peer comparison with similar listed entities. (Standalone) (As on March 31, 2023)

Company Name	EPS (Rs)	NAV (per share) (Rs)	P/E (x)	RoNW (%)
Company Name	EPS Basic	NAV (per share) (Rs)	P/E (x)	RoNW (%)
Drone Destination Limited	25.80	35.15		13.90
Droneacharya Aerial Innovations Limited	1.77	27.63	84.21	5.16

Notes:

Sourced from Annual Reports, Audited Financials, and BSE.
Industry Peer may be modified for finalization of Issue Price before filing Red Herring Prospectus with ROC.
Considering the nature and turnover of the business of the Company the peer are not strictly comparable. However, the same have been included for broader comparison.
The figures for Drone Destination Limited are based on the restated results for the year ended March 31, 2023.
The figures (except PE) for the peer group are based on standalone audited results for the respective year ended March 31, 2022.
PE is based on Twelve Trailing Months.

Drone Destination IPO Review by Members

Drone Destination IPO Reviews, analysis and views by popular members. Read Drone Destination Limited IPO reviews by retail investors to find recommended ipo to buy.

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Drone Destination IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	5	0	0	1
%	83.33	0.00	0.00	16.67

Member	Review
B.M.SURANA IPO Guru (2700+ Posts, 5300+ Likes)	Apply for Listing Gain at Upper Price Band Apply Apply Apply 1 July 8, 2023 1:56:05 PM
Choudhari	Apply for Listing Gain at Cut-off Price Low debt equity ratio July 8, 2023 7:28:20 AM
GopalKrishna	Apply for Listing Gain at Upper Price Band Apply with full Force QIB & NII July 13, 2023 12:39:13 PM
MMicroCap Investor	Apply for Long Term at Cut-off Price A simple comparison with another listed peer i.e Dronacharya Particular Dronacharya Drone Destination P/BV ( TTM) 5.9 2.9 P/E( TTM ) 114 61 Price/Sales 8.8 5.4 ( differentiating factor is 1.6 ) Based on above actual performance stock should list >Rs 106 July 9, 2023 2:36:06 PM
quresh rangwala	Avoid I totally agree what Noorul has mentioned in his post. Better is KAKA as per the data provided July 10, 2023 7:28:53 PM
Tenscope Management	Apply for Short Term at Upper Price Band Good ipo may apply for upper price band 2 July 4, 2023 1:54:52 AM

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