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 estimated listing price for Droneacharya Aerial Innovations Limited IPO?

Based on the upper price band of ₹54 and current GMP of ₹52, the estimated listing price is ₹106 (approx. 96.3% gain).

What is the expected profit per lot for Droneacharya Aerial Innovations Limited IPO?

With a lot size of 2000 shares and current GMP of ₹52, expected profit per retail application lot is approximately ₹1,04,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

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 Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Droneacharya Aerial Innovations Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹52+96.3%

Issue Price (Upper)

₹54

Band: ₹52 – ₹54

Estimated Listing Price

₹106

Upper price + GMP

Lot Size

2000 shares

Min investment ₹1,08,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹52	96.3%	₹106
30 Oct 2026	+₹52	96.3%	₹106
29 Oct 2026	+₹47	86.7%	₹101

About Droneacharya Aerial Innovations Limited Public Issue & Market Profile

Droneacharya Aerial Innovations Limited is bringing an initial public offering (IPO) in the Technology sector with an aggregate issue size of ₹33.97 Crores. The shares are offered at a price band of ₹52 to ₹54 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2022-12-15, the basis of allotment is scheduled to be finalized on 2022-12-20. 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 (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Droneacharya Aerial Innovations Limited IPO GMP today?

The latest grey market premium for Droneacharya Aerial Innovations Limited IPO is ₹52, which indicates an expected listing price of ₹106.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.