SME IPO gives multibagger returns in 4 months despite 45% fall from record high

However, profit-booking soon started in this drum maker stock Dronacharya Aerial Innovations share price today 135 each, down about 45 percent from its record high. if we compare it BSE SME Shares offer prices during the launch of its initial public offering (IPO) since 52 54 per share, making it still one of the multibagger IPOs that BSE SME Exchange has offered in 20223.

Dronacharya Aerial Innovations share price history

Dronacharya Aerial Innovations IPO to be launched in December 2022 at price band since 52 54 per equity share. The public issue was subscribed 243.70 times, while the retail portion was subscribed 330.82 times. Dronacharya Aerial Innovations Share is listed as a listed stock on December 23, 2022 at a premium of about 90 per cent on the BSE SME Exchange. against the issue price of 102 52-54 per share. The Shankar Sharma-owned drone maker stock hit the upper circuit within minutes of its listing and continued to lock-in the upper circuit in the subsequent sessions and climbed to life-time highs. 243.35 per share on BSE, giving a return of around 3350 per cent to the lucky allottees.

However, the shares of this Shankar Sharma shareholding company soon started booking profits and today it is back down 45 per cent from its life-time high. 243.35 each level. Dronacharya Aerial Innovations share price is around today 135, which is still close Dronacharya Aerial Innovations IPO price up by Rs 81 52-54 per equity share, giving 150 per cent returns to its lucky allottees, who have a long-term perspective on this dromedary that makes up the Shankar Sharma portfolio stock.

Shankar Sharma, Other Investor Backed Company

In the pre-IPO funding, marquee investors led by Shankar Sharma and other well-known market stalwarts and celebrities have taken a minority stake in the company.

Speaking on the outlook for Dronacharya Aerial Innovations shares after the launch of Dronacharya Aerial Innovations, Shankar Sharma said, “Given Prime Minister Narendra Modi’s vision of making India a global drone hub, we have launched drone services and pilot training start-ups.” Dronacharya. Further, drones are being widely used in industries across the country for survey, delivery and surveillance, and this segment is expected to perform strongly in the years to come. We look forward to creating a great value Let us see as the company has been able to scale up in a very short span of time, its operations and dynamic plans ahead.”

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