• Shankar Sharma-backed drone startup was offered at a price band of ₹52 to ₹54 per equity share
Shankar Sharma-backed Dronacharya Aerial Innovations Limited continues with its dream launch on Dalal Street since it got listed on BSE SME Exchange on 23rd December 2022. The SME IPO was offered at a price band of ₹52 to ₹54 per equity share and opened at ₹102 per share on the BSE SME Exchange, giving its allottees nearly 90 per cent listing profit. However, the drone solutions company's dream run didn't end on a strong listing. Dronacharya share price has been going strong post listing and today is in the upper circuit at ₹158.05, giving more than 200 per cent returns to its lucky allottees.
dronacharya share price history
The initial public offering (IPO) of Dronacharya Aerial Innovations Limited is one of the multibagger IPOs of 2022. SME stock has been hitting the upper circuit since the day of its listing. It has hit the upper circuit of 5 per cent in all the eight sessions since its listing on BSE SME exchange on December 23, 2022. After getting listed at ₹102 per share, the drone maker's stock has climbed to ₹158.05 per share, having touched almost 55. It gained a percentage from its listing price in these eight sessions after listing. Hence, Dronacharya share price is giving handsome returns to those who bought Dronacharya shares post listing.
multibagger ipo
As said earlier, Dronacharya Aerial Innovations IPO is one of the multibagger IPOs of 2022. This BSE SME IPO was launched in December 2022 at a price band of ₹52 to ₹54 per equity share. One bidder was able to apply in lots and one lot of Dronacharya Aerial Innovations IPO consisted of 2000 company shares. 1.08 lakh is required for one lot to apply for SME IPO. So, the minimum investment of an allottee in this Shankar Sharma backed stock was ₹1.08 Lakh.
₹1 lakh turns into ₹3 lakh
Dronacharya share price today is ₹158.05, which means that if an allottee had stayed invested in the stock despite the strong listing, his ₹1.08 lakh would have turned into ₹3.16 lakh today.
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