Not just Shankar Sharma but 2 Bollywood stars also doubled money in this IPO

Dalal Street veteran Shankar Sharma’s pre-IPO bet on a small drone start-up, that were given indexed at the BSE SME on Friday, has earned him 100% make the most of his preliminary funding of Rs 2.45 crore. Along with him, Bollywood stars Aamir Khan and Ranbir Kapoor have additionally doubled their cash in DroneAcharya Aerial.

Sharma owns 4.57 lakh stocks of the business enterprise which he offered in advance this year at a rate of Rs 53.59 in step with share. His overall funding of approximately Rs 2.45 crore has now doubled to Rs 4.89 crore after the blockbuster listing. The inventory become buying and selling at Rs 107.10 at the exchange, up 98.33% from its difficulty rate of fifty four in step with share.

The Pune-established drone start-up had obtained an amazing reaction from traders because the IPO clocked an oversubscription of 262 times. The retail component become subscribed over 330 times.

In the pre-IPO fundraising spherical in advance withinside the yr, Aamir Khan offered 46,600 stocks of DroneAcharya really well worth approximately Rs 25 lakh. Ranbir Kapoor invested almost Rs 20 lakh to shop for 37,200 stocks. The internet shopping for rate for all pre-IPO traders become the equal at Rs 53.59 in step with share.

DroneAcharya AI is one of the first personal gamers to get hold of a DGCA (Directorate General of Civil Aviation) licensed RPTO (Remote Pilot Training Organization) license in 2022. Since March 2022, the business enterprise has educated extra than 200 drone pilots.

The Drone as a Service (DaaS) participant additionally incorporates out drone surveys and inspections in domains like agriculture, mining, clever cities, water resources, power lines and law and order.

In Q1 FY 22-23, the business enterprise’s sales stood at Rs 3.08 crore and internet profit at Rs 70 lakh. Roughly 60% of the sales come from training, 30% from offerings and 10% from promoting drones.

The business enterprise now plans to go into the manufacture of customised 100% indigenous drones and gives land and underwater surveying offerings.

“Training and production are going to play foremost roles withinside the increase tale of DroneAcharya as a worldwide brand. We are focused on now no longer simply the Indian marketplace however additionally Southeast Asia, Middle East, US and Central Asia,” stated Prateek Srivastava, Founder & Managing Director at DroneAcharya.

The clean budget raised from the IPO can be utilised to buy and manufacture drones, sensors and processing infrastructure.