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<ul><li><keyword id="15310463" type="General" weightage="20" keywordseo="DroneAcharya-Aerial-Innovations" source="Orion">DroneAcharya Aerial Innovations</keyword> looks to raise nearly ₹34 crore through fresh issue of shares.</li><li>The Pune-based company has set an IPO price band between ₹52-54 a share.</li><li>The shares of the company will be listed on BSE SME exchange.</li><li>The shares of the company are currently commanding a grey market premium, or GMP, of ₹25 per share.</li></ul>DroneAcharya Aerial Innovations, a drone start-up based out of Pune, will offer its shares for public subscription starting from December 13. The company looks to raise nearly ₹34 crore through a fresh issue of shares via an initial public offering (IPO). The <keyword id="15704914" type="General" weightage="20" keywordseo="DroneAcharya-AI-IPO" source="Orion">DroneAcharya AI IPO</keyword> price band is set between ₹52-54 a share. The offer will close on December 15. The shares of the company will be listed on BSE SME exchange. The shares of the company are currently commanding a grey market premium, or GMP, of ₹25 per share. <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">GMP is the premium at which IPO shares are traded</a> in an unofficial market before they are listed on the stock exchanges. DroneAcharya Al provides a high-end ecosystem of drone solutions for multi-sensor drone surveys, data processing of drone data using robust high configuration workstations, drone pilot training and specialized GIS training. The <keyword id="5559702" type="General" weightage="20" keywordseo="SME-IPO" source="Orion">SME IPO</keyword> lot size of the company is 2,000 shares and a retail individual investor can apply for up to 1 lot i.e up to ₹1.08 lakh. The company has been authorised by the Directorate General of Civil Aviation (DGCA) as a Remote Pilot Training Organisation (RPTO) to conduct drone training. Since March 2022, the company has trained more than 180 drone pilots. The net proceeds raised by the startup will be utilised to purchase and manufacture drones, sensors and processing infrastructure. Further, the company plans to open 12 new training centres by March 2023. It has also rolled out several concise and industry-relevant Drone and GIS courses. It aims to provide quality products and services across multiple domains such as agriculture, defence, energy, mining, infrastructure, oil and gas, smart cities, urban planning and water resources. DroneAcharya raised as much as $4.6 million in a pre-seed funding round that closed this May. The company has a workforce of 40 employees across various departments. Around 71.56% of the drone company’s revenues are derived from clients in Maharashtra. It informs investors in its draft prospectus that if it is unable to attract new students for its pilot training programme which may adversely affect its growth and cash flows. Among several risks, interest rate fluctuation may also adversely affect the company’s business. “The company may enter into certain borrowing arrangements to finance its capital requirements in the ordinary course of business for general working capital purposes. In the event interest rates increase, the company's costs of borrowing will increase, and its profitability and results of operations may be adversely affected,” said the company in the draft prospectus. The company, founded in 2017, started making revenues in FY21 with ₹1 lakh, which grew to ₹358 lakh in FY22. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total income </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit after tax </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹358.73 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹40.65 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹14.89 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">- </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹2.30 lakh </td></tr></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/kama-holdings-valued-over-8000-crore-has-only-three-employees/slidelist/95998472.cms">Kama Holdings, valued over ₹8,000 crore, has only three employees</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/this-mumbai-startup-is-making-tearable-laundry-sheets-bamboo-based-facial-tissues-and-more-to-replace-plastic/articleshow/95946533.cms">This Mumbai startup is making tearable laundry sheets, bamboo-based facial tissues and more to replace plastic</a>

DroneAcharya AI IPO set to open next week on December 13; GMP at ₹25 per share

Small is the new big: SME IPOs double in 2022, while mainboard IPOs halve

<ul><li>The IPO of the Pune-based drone startup has been subscribed 262 times on the last day.</li><li>DroneAcharya Aerial Innovations is looking to raise ₹34 crore through a fresh issue of shares.</li><li>The price band of the IPO has been set between ₹52-54 a share.</li><li>The shares of the company will be listed on BSE SME exchange.</li><li>Shares of the company are commanding a premium of ₹65 in the grey market.</li></ul>The IPO of DroneAcharya Aerial Innovations received an overwhelming investor interest, and was subscribed 262 times on its last day. The Pune-based drone startup’s IPO received strong demand from HNIs as well as retail investors, who subscribed for it 388 times and 330 times respectively. While the company is looking to raise nearly ₹34 crore through a fresh issue of shares via this IPO, it received bids to the tune of ₹6,016 crore. The price band of the IPO is set between ₹52-54 a share. The shares of the company will be listed on BSE SME exchange. The shares of the company are currently commanding a grey market premium, or GMP, of ₹65 per share. <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">GMP is the premium at which IPO shares are traded</a> in an unofficial market before they are listed on the stock exchanges. Two other IPOs have been seeking bids with DroneAcharya. Landmark Cars, which opened on the same day as DroneAcharya, was subscribed 3.06 times on its last day, on Thursday. Sula Vineyards, which opened for subscription on Monday, has been subscribed by 2.33 times on Wednesday, which was its last day for receiving bids. DroneAcharya is backed by <a href="https://economictimes.indiatimes.com/markets/expert-view/etmarkets-management-talk-backed-by-bollywood-stars-ipo-bound-droneacharya-to-start-manufacturing-drones-soon/articleshow/96024791.cms">ace investor Shankar Sharma</a>, who has a minority stake in the company. The startup also went from raising a pre-seed funding of $4.6 million this May, directly to a public offer. DroneAcharya Al provides a high-end ecosystem of drone solutions for multi-sensor drone surveys, data processing of drone data using robust high configuration workstations, drone pilot training and specialized GIS training. The SME IPO lot size of the company is 2,000 shares and a retail individual investor can apply for up to 1 lot i.e up to ₹1.08 lakh. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category of investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription status </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified institutional buyers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">46.21 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">388.72 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">330.81 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Overall </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">262.03 times </td></tr></tbody><tbody></tbody></table> The company has been authorised by the Directorate General of Civil Aviation (DGCA) as a Remote Pilot Training Organisation (RPTO) to conduct drone training. Since March 2022, the company has trained more than 180 drone pilots. The net proceeds raised by the startup will be utilised to purchase and manufacture drones, sensors and processing infrastructure. Further, the company plans to open 12 new training centres by March 2023. It has also rolled out several concise and industry-relevant drone and GIS courses. It aims to provide quality products and services across multiple domains such as agriculture, defence, energy, mining, infrastructure, oil and gas, smart cities, urban planning and water resources. The company has a workforce of 40 employees across various departments. Around 71.56% of the drone company’s revenues are derived from clients in Maharashtra. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/tpg-to-acquire-adar-poonawalla-led-groups-housing-finance-arm-at-3900-crore-valuation/articleshow/96256578.cms">TPG to acquire Adar Poonawalla-led group’s housing finance arm at ₹3,900 crore valuation</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/yes-bank-shares-decline-after-rallying-26-in-five-days/articleshow/96226772.cms">Yes Bank shares tumble after rallying 26% in the last five days – analysts recommend caution</a>

DroneAcharya IPO subscribed 262x on last day as HNIs, retail investors lap it up

<ul><li><keyword id="8400834" type="General" weightage="20" keywordseo="KFin-Technologies" source="Orion">KFin Technologies</keyword> and <keyword id="12561346" type="General" weightage="20" keywordseo="Elin-Electronics" source="Orion">Elin Electronics</keyword> will launch their issues this week.</li><li>The two initial public offerings (IPOs) are expected to collectively raise nearly ₹2,000 crore.</li><li>So far this year, ₹55,101 crore has been raised through 32 IPOs (as of December 6 — still it’s lesser than the ₹1.18 lakh crore raised through 64 IPOs in 2021.</li></ul>Indian primary markets are buzzing with initial public offerings (IPOs) while secondary markets across the world are turning volatile over fears of recession. Last week, <a href="https://www.businessinsider.in/stock-market/news/three-ipos-set-to-raise-over-1800-crore-this-week/articleshow/96160133.cms">three IPOs opened </a>their issues for investor subscription and raised over ₹1,800 crore. All three IPOs were fully subscribed. They received decent demand from investors -- winemaker Sula Vineyards was subscribed by 2.33 times on the last day, financial services company Abans Holdings by 1.1 times and automobile dealer Landmark Cars by 3.06 times. At the same time, the IPO of <a href="https://www.businessinsider.in/stock-market/news/droneacharya-ai-ipo-subscription-status/articleshow/96203527.cms">DroneAcharya Aerial Innovations </a>received an overwhelming investor interest, and was subscribed 262 times on its last day. The Pune-based drone startup’s IPO received strong demand from HNIs as well as retail investors, who subscribed for it 388 times and 330 times respectively. This week, two (IPOs) are expected to collectively raise nearly ₹2,000 crore. <a href="https://www.businessinsider.in/stock-market/news/kfin-technologies-to-open-its-ipo-next-week-from-dec-19-21/articleshow/96220635.cms">KFin Technologies</a>, a leading technology-driven financial services platform and electronics manufacturing services company Elin Electronics will open their issues for public subscription this week. So far this year, ₹55,101 crore has been raised through 32 IPOs (as of December 6). But it's still much less than the ₹1.18 lakh crore raised through 64 IPOs in 2021, shows data from Prime Database. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPOs opening this week </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Start date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Close date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO size </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">KFin Technologies </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 19 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 21 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹1,500 crore </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Elin Electronics </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 20 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 22 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹475 crore </td></tr></tbody></table> <keyword id="15781375" type="General" weightage="20" keywordseo="KFin-Technologies-IPO" source="Orion">KFin Technologies IPO</keyword> to raise ₹1,500 crore KFin Technologies, a leading technology-driven financial services platform, will open its initial public offering (IPO) this week on December 19 and close on December 21. The price band of the IPO is set at ₹347- 366 per share. The company plans to raise ₹1,500 crore through a complete offer for sale by one of the promoters General Atlantic Singapore Fund — who will receive all the proceeds. The company will not receive any funds from the IPO. The shares of the company are currently commanding a grey market premium, or GMP, of just ₹5 per share. <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">GMP is the premium at which IPO shares are traded</a> in an unofficial market before they are listed on the stock exchanges. KFin Technologies provides transaction origination and processing for mutual funds and private retirement schemes in Malaysia, the Philippines and Hong Kong. It provides services and solutions to asset managers and corporate issuers across asset classes in India, along with several other investor solutions. The company is the largest investor solutions provider to Indian mutual funds. It provides services to 24 out of 41 AMCs in India, representing 59% of market share. General Atlantic Singapore Fund Pte owns a 72.51% stake in the company followed by Kotak Mahindra Bank with 9.86% stake while Compar Estates and Agencies holds a 10.86% stake in KFin Technologies. However, Kotak and Compar are not selling their shares in the upcoming IPO. <keyword id="12561347" type="General" weightage="20" keywordseo="Elin-Electronics-IPO" source="Orion">Elin Electronics IPO</keyword> to open on December 20 Electronics manufacturing services company Elin Electronics will open its initial public offering (IPO) this week on December 20 and close on December 22. The price band of the IPO is set at ₹234-247 per share. The company plans to raise ₹475 crore. Of this, ₹175 crore worth shares will be raised via a fresh issue, and ₹300 crore via an offer for sale by promoters and shareholders. The proceeds from the fresh issue will be used to repay debt, fund capital expenditure for upgradation and expanding existing plants. The shares of the company are currently commanding a grey market premium, or GMP, of ₹30 per share. The company is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small kitchen appliances in India. It is also one of the largest fractional horsepower motor manufacturers in India. Also, it manufactures and assembles a wide array of products and provides end-to-end product solutions. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/i-am-glad-i-fd-up-so-much-in-life-that-it-is-content-now-says-ankur-warikoo/articleshow/96282722.cms">I am glad I F**%*D up so much in life that it is content now says Ankur Warikoo</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/upcoming-web-series-on-amazon-prime-netflix-hotstar-sonyliv-in-2023-in-india/slidelist/96217782.cms">Made in Heaven, Paatal Lok &amp; all the web series in between hitting the screens in 2023</a>

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DroneAcharya AI IPO set to open next week on December 13; GMP at ₹25 per share

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Small is the new big: SME IPOs double in 2022, while mainboard IPOs halve

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DroneAcharya IPO subscribed 262x on last day as HNIs, retail investors lap it up

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Two IPOs set to raise nearly ₹2,000 crore this week

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