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December 13, 2022 - December 15, 2022

Droneacharya Aerial Innovations IPO Subscription Details

Droneacharya Aerial Innovations IPO Subscription Status Live

Droneacharya Aerial Innovations IPO subscribed 243.70 times. The public issue subscribed 330.82 times in the retail category, 46.21 times in QIB, and 287.80 times in the NII category by December 15, 2022 (Day 3).

Investor CategorySubscription (times)Shares OfferedShares Bid forTotal Amount (Rs Cr.)*
Qualified Institutions46.211,194,0005,51,78,000297.96
Non-Institutional Buyers287.801,214,00034,93,88,0001,886.70
Retail Investors330.822,092,00069,20,68,0003,737.17
Employees[.]000
Others[.]000
Total 243.704,500,0001,09,66,34,0005,921.82

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 316,000 equity shares not included.


Droneacharya Aerial Innovations IPO (Day-wise) Subscription Details (times)

DateQIBNIIRetailTotal
Day 1
December 13, 2022
1.0212.5837.3121.01
Day 2
December 14, 2022
2.5855.75146.4783.82
Day 3
December 15, 2022
46.21287.80330.82243.70

Droneacharya Aerial Innovations IPO Shares Offered

Droneacharya Aerial Innovations IPO is a public issue of 7,144,000 equity shares. The issue offers 2,092,000 shares to retail investors, 1,194,000 shares to qualified institutional buyers, and 1,214,000 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
Anchor Investor2,328,00012.5732.59%
Market Maker316,0001.714.42%
QIB1,194,0006.4516.71%
NII1,214,0006.5616.99%
Retail2,092,00011.3029.28%
Total7,144,00038.58100%

Droneacharya Aerial Innovations IPO Anchor Investor Allocation

A total of 2,328,000 shares at a price of Rs 54 per share will be allotted to the anchor investors.

S.No.Name of Anchor InvestorNo. of Shares AllocatedBid Price Per Share (Rs.)Anchor Investor Portion (%)Total Amount Allocated (Rs.)
1Aegis Investment Fund Pcc372,0005415.9820,088,000
2Maven India Fund740,0005431.7939,960,000
3Nav Capital Vcc- Nav Capital Emerging Star Fund660,0005428.3535,640,000
4Zinnia Global Fund PCC- Cell Dewap Fund556,0005423.8830,024,000
2,328,000100125,712,000

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

Disclaimer: The above information / data is sourced from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites and is subject to change in real time. For latest information / data, please refer to the respective websites. The information / data provided here in is for informational purposes only and is provided by Chittorgarh.com on "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. Chittorgarh.com does not warrant the accuracy, adequacy or completeness of the information you obtain through the above websites. Chittorgarh.com shall not be liable in any way for any discrepancies, errors, omissions, losses or damage. Chittorgarh.com, including its affiliates and its directors, staff and employees, shall not be liable for any loss, damage of any kind, including but not limited to direct, indirect, punitive, exemplary, consequential damages and lost profits arising in any way out of the use of information / data obtained through the said websites. The recipient alone is fully responsible / liable for any decision made based on this information / data. All recipients, before relying on the said information, should do their own research and seek appropriate professional advice.

Droneacharya Aerial Innovations IPO Subscription FAQs

The Droneacharya Aerial Innovations IPO is subscribed 243.70 by December 15, 2022.

Droneacharya Aerial Innovations IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional46.21
Non Institutional287.80
Retail Individual330.82
Employee Reservations[.]
Others[.]
Total Subscription243.70

Retail category of Droneacharya Aerial Innovations IPO subscribed 330.82 times as of date December 15, 2022. The public issue closes on December 15, 2022 for bidding.

An investor can apply in Droneacharya Aerial Innovations IPO online via bank (using ASBA) or the broker (using UPI). The Droneacharya Aerial Innovations IPO shares are offered online only.

The Droneacharya Aerial Innovations IPO is subscribed 243.70 by December 15, 2022.

The Droneacharya Aerial Innovations IPO allotment status is expected on or around December 20, 2022. Visit Droneacharya Aerial Innovations IPO allotment status to check.

The Droneacharya Aerial Innovations IPO listing date is Friday, December 23, 2022. The equity share of Droneacharya Aerial Innovations Limited will list on BSE SME.

Visit Droneacharya Aerial Innovations IPO subscription status page for real-time bidding information about Droneacharya Aerial Innovations IPO.

Droneacharya Aerial Innovations IPO Timetable

IPO Opens OnDecember 13, 2022
IPO Closes OnDecember 15, 2022
Finalisation of Basis of AllotmentDecember 20, 2022
Initiation of RefundsDecember 21, 2022
Credit of Shares to Demat AccountDecember 22, 2022
IPO Listing DateDecember 23, 2022

5 Comments

5. Ronak     Link|January 3, 2023 6:32:12 PM
Hi All, Anyone having issue with refund? i didnt received it.
4. paresh shah     Link|December 21, 2022 2:54:34 PM
when will money get unlocked
3. Kishor Kantilal Jobanputra     Link|December 21, 2022 1:26:55 PM
In my opinion, no settings in allotment..

It is like lottery... I have allotted Dronacharya and phoenix digital..
It depends on your luck..
2. Suhas kate     Link|December 19, 2022 8:26:44 PM
There are no chances of allotment. Full setting with Bigshare, Registrar & transfer agent like EVM machine. SEBI is not worried about retail investors.
1. JAS     Link|December 15, 2022 1:58:21 PM
Very Good IPO...