Droneacharya Aerial Innovations Limited IPO

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i. Droneacharya Aerial Innovations Limited Drone is a full-fledged innovative solution, based out in Cultural and IT hub Pune, Maharashtra, with offices operating in Pune. The company was started off in 2017 by its founder and Chairman & Managing Director Mr. Prateek Srivastava with a vision to encourage multiple aspects of Drones, Drone-as-a Service (DaaS) and Geographic Information System (GIS) is a system that creates, manages, analyzes and maps all the types of data

ii. Today, they provide high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high configuration workstations, Drone pilot training & specialized GIS training.

iii. Their offerings can be classified into four broad categories namely, Training, Services, Surveillance and others. These as discussed as under:

iv. Trainings: As pioneers of imbibing drones into the Indian services industry, Mr. Prateek Srivastava and Mr. Amit Takte, VP of Technology and Training at Droneacharya also thought of the idea to upskill the next generation of job seekers as Geo-Aerial experts through multiple training courses. The training courses are designed to create an individual with capabilities that can range right from data capturing upto data processing and finally conclude with their applications.

v. The Company provides Drone training & Geospatial Training courses of various types i.e.:

1. DGCA Certified Drone Pilot
2. Drone Building,
3. Drones for Racing
4. Aerial Cinematography & Aerial Making
5. Implement python for GIS
6. Industrial applications of UAV
7. Drone data processing.

vi. Competitive Strengths

a. Well equipped with advance technology
b. Experienced Promoters and Technically Sound Operation Team
c. MOU between Rashtriya Raksha University and Droneacharya

Objects of the Droneacharya Aerial Innovations Limited IPO:

The company intends to utilize the Net Fresh Issue Proceeds for the following Objects: 1) Purchase of Drone and other accessories. 2) General Corporate Expenses.

Droneacharya Aerial Innovations Limited IPO Details:

Open Date: Dec 13 2022
Close Date: Dec 15 2022
Total Shares: 6,290,000
Issue Type: Book Built Issue
Issue Size: 33.97 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 52-54 Per Equity Share
Listing At: BSE SME
Listing Date: Dec 23 2022

Promoters And Management:

Mr. Prateek Srivastava, aged 38 years, is Promoter cum Managing Director of the Company. He is the Founder of Droneacharya Aerial Innovations, he has come a long way from being a GIS Developer to a serial entrepreneur and Founder of multiple GIS companies. He has also been nominated as Asia One 40 Under 40 Most Influential Indians 2018-19, his business acumen and market potential are widely being noticed and applauded. He holds M. E. Degree in Remote Sensing and GIS from Asian Institute of Technology, Bangkok and B. E. Degree in IT from Saurashtra University, Gujarat, Prateekpossesses the right balance of technology and business, needed to lead a technologydriven company. He is an outright technocrat, Prateek has always been keen to implement new technologies. Ms. Nikita Srivastava aged 35 years is Whole Time Director of the company. She has more than 12 years of experience in fast paced Human Resource Department. Specializing in Recruitment, Compensation and benefits, HR records management, HR policies development, Employee orientation, Developing team building programs, Performance Reviews and Accounting. She toggles between a multitude of responsibilities and provides her undue attention to all. Sheis a strategic and Innovative HR Personnel, Nikita translates business vision into HR initiatives to foster performance, growth and positive culture with ease. Mrs. Bhanupriya Nikhil Thakur, aged 38 years, is the Independent Director of the Company. She is having about one decade of experience in the areas of corporate governance and compliance management system. She is vocal for transparency in the Board Rooms. She has belief that all the synthesis of thoughts should be taken place in the Board and next to other stakeholders. has a Master’s in Commerce from the Nagpur University, and a Bachelor’s degree in Commerce(Hons) from Nagpur University. She has also completed her Law Degree. Also active member of the Institute called Institute of Company Secretaries of India (ICSI). Also a Registered Member of Indian Institute of Corporate Affairs (ICCA) having Certificate of Independent Director’s Data Bank w.e.f. 21st March, 2022 ( Reg no. IDDBDI202203-041180) .

Financials of Droneacharya Aerial Innovations Limited IPO:

Particulars ( Fig. in Lakhs) 30-06-2022 31-03-2022
Revenue From Operations 309 359
Cost of Material Consumed - 4
Direct Cost 29 73
Employees Benefit Expenses 87 187
Other Expenses 89 37
EBITDA 104 58
OPM% 33.66% 16.16%
Depreciation 6 2
PBT 98 56
Tax 25 14
PAT 73 42
No. Of Shares 239.8 239.8
EPS 0.3 0.17

Comparison With Peers:

Name of the Companies Revenue (In Cr) Profit (in Cr) EPS P/E CMP MCap (in Cr)
Zen Technologies Limited 33 8 0.25 106 194 1543
Bharat Electronic Limited 3,141 366 3.28 28 105 76,753
DCM Shriram Industries Limited 709 16 68.45 11 73 633
Rattan India Enterprise Limited 689 -216 4 14.7 48 6,566
Droneacharya Aerial Innovation 3.09 0.73 0.17 45 54 129.5
*Revenue and Profit of all the companies has been taken from 1st Quarter (30-June-2022)

Recommendation on Droneacharya Aerial Innovations Limited IPO:

Review and Recommendation of Droneacharya Aerial Innovations Limited by IZ team is 4/10

1. Droneacharya Aerial Innovations Limited Drone is a full-fledged innovative solution, based out in Cultural and IT hub Pune, Maharashtra, with offices operating in Pune.

2. The company was started off in 2017 by founder and Chairman & Managing Director Mr. Prateek Srivastava with a vision to encourage multiple aspects of Drones, Drone-as-a Service (DaaS) and Geographic Information System (GIS) is a system that creates, manages, analyzes and maps all the types of data. 3. Mr. Prateek holds M. E. Degree in Remote Sensing and GIS from Asian Institute of Technology, Bangkok and B. E. Degree in IT from Saurashtra University, Gujarat, Prateekpossesses the right balance of technology and business, needed to lead a technologydriven company.

4. Training: They provide training to the people to teach how to develop drones. The Company has been authorised by the Directorate General of Civil Aviation (DGCA) as a Remote Pilot Training Organisation (RPTO) to conduct drone training as per the DGCA guidelines. Since the authorisation, Droneacharya has trained more than 150 individuals in the domain of drones, data processing and python coding for GIS.

5. Services: In Services vertical they provide consultancy services to Govt. & private organizations, reality capture data processing software, anti-drone solution for rogue UAV, UTM air traffic management solution with help of software i.e. UGCS Mapper, UGCS Pro, Reality Capture and Aerial Cinematography & Aerial Making. 6. Surveillance: They also offer all sorts of land surveying and underwater services. The Company aims to be leader in the data driven solutions for Power Lines and Utilities, Urban and Rural Planning, Oil and Gas Infrastructure, Roads and Highways, Mines and Querries, Energy & Renewables, Roads & Highways, Urban & Rural Planning, Agriculture & Irrigation, Underwater Inspection and Underwater Bathymetry. 7. In the RHP, only Fy22 and First 3MFy23 financial data is available. In the Fy22, they have a clocked a revenue of 3.58 Crores and PAT of 40 lacs. In the first 3MFY23, they clocked a revenue of 3.08 Crores and PAT of 72 lacs. 8. IPO is coming at P/E of 45x and Mcap of 130 Crores which looks on higher side.

Lead Manager of Droneacharya Aerial Innovations Limited IPO:

  1. Corporate Capital Ventures Private Limited

Registrar of Droneacharya Aerial Innovations Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Droneacharya Aerial Innovations Limited Cabin No. - 10, 5th Floor, IndiQube Penta, New No. 51, (Old No.14) Richmond Road, Bangalore – 560025 Phone: +7758810315 Email: cs@droneacharya.com Websitehttps://droneacharya.com/

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