Although the year 2022 has not been very exciting in terms of IPO, but in the last month i.e. December, a company has surprised. The name of this company is DroneAcharya Aerial Innovations. The listing of this IPO took place on 23 December 2022. Since the day of listing, its stock is showing upper circuit.
Shares that have given 150 returns: The issue price of Droneacharya Aerial Innovations was fixed at ₹52-54 per equity share. Whereas, when the stock was listed on December 23, the price was ₹ 102. Hence, the stock was listed at a premium of almost 90 per cent.
The stock has hit upper circuit in all the subsequent six trading days. DroneAcharya Aerial Innovations share price is now at ₹136, up 150% from the upper price band of ₹54.
Got great response: Let us tell you that this drone company got a strong response from the investors. It got 262 times subscription in three days. It is the first private company to get DGCA (Directorate General of Civil Aviation) certified RPTO (Remote Pilot Training Organization) license in 2022. This company has trained more than 200 drone pilots since March 2022.