DroneAcharya Aerial first makes stock market debut
时间:2024-06-26 07:34:37 阅读（143）
Drone startup company DroneAcharya Aerial Innovations became the first drone company to list on the stock exchange. The DroneAcharya stock made its market debut and was listed at a 100% premium before ending the day with a gain of 88% at Rs 102 a share on the BSE SME Bourse.
The Pune-headquartered drone company’s issue price was at Rs 52 per share and post listing, the company’s shares were immediately locked at a 5% upper limit of the circuit breaker and touched a high of Rs 107.10 a share. The company witnessed total traded volumes of 26.92 lakh shares and clocked a turnover of Rs 27.57 crore on day one. DroneAcharya’s Rs 33-crore issue was oversubscribed by 262 times with bids worth Rs 6,017 crore.
The company would be launching a range of new products by March ’23. The Made in India drones had 85% of their components sourced from the country and only 15% sourced globally. DroneAcharya was also getting ready to launch higher payload drones.
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