The shares of Droneacharya Aerial Innovations, a company that had a dream debut on the D-Street have gained 5% to hit the upper circuit for the 10th day in a row. Its shares were locked at ₹ 165.95 apiece on the Bombay Stock Exchange (BSE).
The SME company got listed on the BSE SME exchange at ₹ 102 apiece, indicating a premium of 88% to 97% against its issue price of ₹ 52 to ₹ 54 per share. Since its listing, the company’s shares have gained 54.95%.
The company’s shares have given multibagger returns of more than 207.32% to its IPO investors, assuming that they continue to hold its shares. If an investor would have invested ₹ 1 lakh in the company’s shares at the time of the IPO, the value of their holdings would have been ₹ 3.07 lakhs today!
Ace investor Shankar Sharma holds 4570 preference shares of the company or a 9.28% stake according to its red herring prospectus (RHP). Meanwhile, actors like Aamir Khan and Ranbir Kapoor have also invested in the company through optimally convertible cumulative preference shares. Aamir Khan has 466 shares, while Ranbir Kapoor has 372 shares of the company.
Droneacharya Aerial Innovations is a defence sector company. It is a drone solution company which is expected to benefit from contactless sales that the government of India is mulling to implement in online retail platforms. It is a small cap company with a market capitalization of ₹ 379 crores.
Written by Simran Bafna
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