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On offer would be 62.90 lakh shares of the start-up in the price band of Rs 52-54 per share. Of the 62.90 shares offered, 8.98 lakh shares are reserved for HNI's, 11.94 lakh shares are reserved for QIB's and 20.92 lakh shares will be offered to retail investors.
The shares of the company will be listed on BSE SME Exchange. The fresh funds raised will be utilised to purchase and manufacture drones, sensors and processing infrastructure.
Prateek Srivastava, Founder & Managing Director at DroneAcharya Aerial Innovations spoke to ET Markets on company's future plans:
The drone industry is in itself very new to Indian investors. Can you help us understand your business model?
We are India’s fully integrated drone innovations company. We provide retrofit solutions for all things drones for B2C/Academia, B2B and B2G. Our offerings are divided into verticals - Training & Talent Hub (through our various training programs). We are one of the fastest growing DGCA certified RPTO (Remote Pilot Training Organization) in India. We see a great opportunity in training defense personnel in the coming months.
Within a span of nine months, we have certified more than 200 drone pilots and launched our second RPTO in Gujarat in association with Rashtriya Raksha University, while the first one being in Pune, Maharashtra. Apart from this, we also have courses for drone building, GIS for drones, Python for GIS, Aerial Cinematography, Drone Racing and Application specific courses like Drones in Agriculture and Disaster Management.
Our other business vertical is Drone as a Service (DaaS). We have experience in carrying out our drone surveys and inspections in domains like Agriculture, Mining, Smart Cities, Water Resource, Powerlines and Law and Order. Having a team that has been a part of the Drone Industry since 2013, we have cumulative experience of surveying mapping more than 15,000 sq. km of area through drones.
We also provide end to end drone data processing, GIS based actionable output creation, algorithm and model building and software development. Our domain specific solutions include crop health analysis for agriculture, thermal inspection of assets and utilities, live videography for security and surveillance, volume estimation for mines, mapping for urban development and Field Boundary Demarcation for revenue and taxation.
We are in the process of launching our very own manufacturing unit for Make in India drones and drone parts, made possible through partnerships with Global drone manufacturers.
Any plans to enter into manufacturing?
Having a team that has been a part of the drone industry since 2013, we have cumulative experience of surveying and mapping more than 15,000 sq. km of area through drones.
We are not limiting ourselves to merely drone data collection, we also provide end to end drone data processing, GIS based actionable output creation, algorithm and model building and software development.
Further, we are in the process of launching our very own manufacturing unit for ‘Make in India’ drones and drone parts, through partnerships with Global drone manufacturers. This is a positive step towards making India a Global Drone Hub by 2030 as envisioned by our Prime Minister Narendra Modi.
How has your topline and bottom-line growing in the last few quarters?
Our first year of operation, post-Covid-19 was in FY 2022-23. We achieved a revenue of Rs 3.58 crore and net profit of Rs 40 lakh. In Q1 FY 22-23, our revenues stood at Rs 3.08 crore and net profit at Rs 70 lakh. Most of the revenue is from training. Roughly 60% of our revenues come from training, 30 percent from services and 10 percent from selling drones.
What are going to be the key growth triggers for you in the next few years?
Training and manufacturing are going to play major roles in the growth story of DroneAcharya as a Global brand. We are targeting not just the Indian market but also Southeast Asia, Middle East, US and Central Asia.
Which are the unexplored possibilities that can open up new opportunities for the drone industry in India?
Data intelligence and automation are the sectors that we are yet to explore. These could be the possible areas where we may venture once we achieve our goal of global expansion through training and manufacturing.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price