Droneacharya Aerial Innovations has made a strong debut at Rs 102.00 on the BSE as against its issue price of Rs 54.
The scrip is currently trading at it upper circuit limit of Rs 107.10, up by 53.10 points or 98.33% from its issue price. It has touched a high and low of Rs 107.10 and Rs 96.90 respectively. So far 26.40 lakh shares were traded on the counter.
The offering, which was open for subscription between December 13, 2022 and December 15, 2022 was subscribed 243.70 times. The issue price was fixed at Rs 54 per share i.e. at upper end of price band of Rs 52-54 apiece.
Droneacharya Aerial Innovations 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.
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