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 price band for Droneacharya Aerial Innovations Limited IPO?

The price band for Droneacharya Aerial Innovations Limited IPO is set at ₹52 to ₹54 per equity share with a minimum lot size of 2000 shares.

When does Droneacharya Aerial Innovations Limited IPO open and close?

The Droneacharya Aerial Innovations Limited IPO opens on 2022-12-13 and closes on 2022-12-15. The allotment date is 2022-12-20 and the listing date is 2022-12-23.

What is the current GMP of Droneacharya Aerial Innovations Limited IPO?

The current grey market premium (GMP) for Droneacharya Aerial Innovations Limited IPO is ₹52, implying an estimated listing price of ₹106 (96.3% gain over the upper price band).

How do I check Droneacharya Aerial Innovations Limited IPO allotment status?

You can check the allotment status on the registrar's official portal (Bigshare Services Private Limited) or through the BSE/NSE allotment websites once the basis of allotment is finalized.

Droneacharya Aerial Innovations Limited

ListedSME

Technology · BSE

Incorporated in 2017, Droneacharya Aerial Innovations Limited offers a comprehensive ecosystem of drone-based solutions, including multi-sensor drone surveys, high-end data processing, DGCA-certified drone pilot training, and specialized GIS training. Its offerings span four key categories—Training (drone pilot training, drone building, aerial cinematography, and data processing), Services (consultancy for government and private clients, reality capture software, anti-drone solutions, and UTM air traffic management), Surveillance (land and underwater surveying), and Other integrated solutions through its partnership with SPH Engineering for bathymetry, drone shows, hydrography, industrial and archaeological surveys, and environmental monitoring. Based in Pune, Maharashtra, the company operates from its offices in the city and recently raised USD 4.6 million in a pre-seed round, the highest for any drone startup in India.

Price Band

₹52 – ₹54

Issue Size

₹33.97 Cr

Lot Size

2000 shares

GMP

₹52

+96.3%

Est. Listing

₹106

at current GMP

Subscribed

243.70x

overall

Open

13 Dec 2022

15 Dec 2022

Allotment

20 Dec 2022

Refund

21 Dec 2022

Demat Credit

22 Dec 2022

Listing

23 Dec 2022

Last updated 12 days ago

Overview GMP Subscription Financials IPO Details Company Promoters Objects Peers Documents Allotment FAQs

Key Highlights

•Leading player in the Technology segment
•Price band established at ₹52 - ₹54 per equity share
•Minimum bid lot is 2000 shares
•Estimated listing target of ₹106 based on current grey market activity