Drone Destination Limited brings its IPO on the 7th of July, To be listed on NSE Emerge platform

1. Purchase of new drones and accessories

2. Purchase of 100 Maruti EECO (5 Seater)

3. To meet the Capital Expenditure Requirement 

4. To meet the Working Capital requirements 

5. To meet out the General Corporate Purposes 

6. To meet the Issue Expenses 

Drone Destination Limited has trained the highest number of DGCA-certified Drone Pilots in India along with its partners IGRUA, the largest FTO of India under Ministry of Civil Aviation. The company is backed by a well-experienced team of aviation & technology experts with a total experience of over 350 years. The company’s training centres are located at 10 locations across India – Gurugram, Bangalore, Coimbatore, Chandigarh, Ahmedabad, Phulpur, Dharamshala, Gwalior and Madurai, with its headquarters at New Delhi. It is authorised by the Government of India to conduct key “Train the Trainer Programs”.

Drone Destination Limited currently operates as a Drone As A Service (DAAS) and Training and Education provider. Its new verticals include Rent-A-Drone, Agricultural Services and Drone Sports. It is backed by Hubblefly Technologies, with extensive drone manufacturing capabilities. The key clients of the company include Reliance Industries Limited, Airbus, IFFCO, Tata, Aditya Birla group, Asteria Aerospace, Syngenta and many more. Drone Destination, with its GIS partners, plays an important role in execution of flagship government projects like Prime Minister “Svamitva Yojana” and other survey and mapping services with strong presence in Karnataka, Gujarat and Uttar Pradesh.

The Indian drone industry is forecasted to have a market size USD 40 billion by 2030, growing at a CAGR of 37%. Drones find usage across a variety of industries such as precision agriculture and farming, energy sector, mining, disaster management, film and media industry, sea ports, oil and gas industry and others. The drone industry is supported by various government initiatives such as the PLI Scheme, liberalised drone rules, ban on imports and the new GIS policy. SVAMITVA and SMAM are the two key schemes of Government of India which magnify the use of drones. 

Drone Destination Limited has recorded impressive financial growth over the years. Its total revenue stood at Rs 1207.22 lakhs for FY23, while it stood at Rs 256.46 lakhs for FY22 and Rs 39.18 lakhs for FY21. It registered an EBITDA of Rs 470.25 lakhs for FY23, which was Rs 39.36 lakhs for FY22. PAT stood at Rs 244.19 lakhs for FY23, while it was Rs 20.73 lakhs for FY22. 

Mr. Chirag Sharma and Ms. Shashi Bala are the promoters of the company. 

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