What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Drone Destination Limited IPO?

Drone Destination Limited IPO has received a total subscription of 191.77 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Drone Destination Limited

ListedSME

Industrial Goods & Services · NSE

Incorporated in 2019, Drone Destination Limited is one of India’s leading Drone-as-a-Service and drone training companies. It is a DGCA-authorized Remote Pilot Training Organisation (RPTO) and was the first drone training partner of NSDC in October 2022. The company operates the largest training network in India in its segment and offers services like Drone-as-a-Service (DAAS), certified training, agriculture services, education, recreation, and rent-a-drone solutions. Drone Destination has over 80 clients across government and private sectors and has key partnerships with IGRUA, IFFCO, IIT Patna, NSDC, Neo-Geo, and Matrix-Geo. It is also among the leading players in the SVAMITVA mapping program, especially in Karnataka and Gujarat.

Price Band

₹62 – ₹65

Issue Size

₹44.20 Cr

Lot Size

2000 shares

GMP

₹39

+60.0%

Est. Listing

₹104

at current GMP

Subscribed

191.77x

overall

Open

7 Jul 2023

13 Jul 2023

Allotment

18 Jul 2023

Refund

19 Jul 2023

Demat Credit

20 Jul 2023

Listing

21 Jul 2023

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

191.77x

Total Demand

QIB Multiplier

50.54x

Institutions & Funds

NII / HNI

244.12x

High Net-Worth

Retail (RII)

249.98x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 191.77x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	1,260,000	63,678,000	50.54x
NIB	946,000	230,938,000	244.12x
RETAIL	2,206,000	551,456,000	249.98x
Total	4,412,000	846,072,000	191.77x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 249.77x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	1,190	297,476	249.98x
HNIs (10L +)	8	1,953	244.12x
HNIs (2-10L)	36	8,788	244.12x
Total Applications	1,234	308,217	249.77x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Drone Destination Limited Public Issue & Market Profile

Drone Destination Limited is bringing an initial public offering (IPO) in the Industrial Goods & Services sector with an aggregate issue size of ₹44.2 Crores. The shares are offered at a price band of ₹62 to ₹65 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Bidding & Quota Instructions:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Allotment Reconciliation Schedule:

Following the close of bidding on 2023-07-13, the basis of allotment is scheduled to be finalized on 2023-07-18. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Drone Destination Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Drone Destination Limited IPO is ₹39 per equity share. Based on the upper price band of ₹62 to ₹65 per equity share, the estimated listing price is ₹104 (+60.0% expected listing gain).

What is the expected profit per lot for Drone Destination Limited IPO?

With a lot size of 2000 shares and current GMP of ₹39, the expected profit per application lot is approx ₹78,000 (+60.0% gain). Minimum application cost is approx ₹1,30,000.

What is the issue size and price band for Drone Destination Limited IPO?

The Drone Destination Limited IPO aggregate issue size is ₹44.2 Crores with an equity price band set at ₹62 to ₹65 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,30,000.

How can I check Drone Destination Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 191.77x (Retail: 249.98x, QIB: 50.54x, NII: 244.12x). You can track live multiples directly on our dedicated subscription page.

Where and when will Drone Destination Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Maashitla Securities Private Limited) and the BSE status verification website on or around 2023-07-18. Investors can verify status using PAN card or application number.

When is the listing date for Drone Destination Limited IPO?

Drone Destination Limited shares are scheduled to list on NSE on 2023-07-21.