Droneacharya Aerial Innovations Share Price: Stock market veteran investor Shankar Sharma-backed Droneacharya Aerial Innovations (Droneacharya Aerial Innovations) is not taking the name of stopping the boom since its listing. This SME stock has become a multibagger. The stock was listed on the stock exchange on December 23, 2022 and has been continuously closing with the upper circuit for the last 10 trading sessions. Investors were neither able to buy nor sell shares. And looking at the number of people who bought the shares, it does not seem that the rally in the shares is going to end soon.
Bumper return of 207% in 10 days
Shares of SME IPO Droneacharya Aerial Innovations were listed on 23 December. The company had issued shares in the IPO at an issue price of Rs 54 and the stock got listed on the stock exchange at Rs 102. And in the next 10 trading sessions, the stock has reached Rs 165.95. That is, in just 10 days, the stock has given a return of 207 percent to the investors.
IPO got tremendous response
The IPO of Droneacharya Aerial Innovations got tremendous response from the investors. The IPO was open for applications from investors from 13 to 15 December. According to BSE data, this IPO of Rs 34 crore was oversubscribed a total of 243.70 times. The company wanted to raise only Rs 34 crore through the IPO, but investors broke down to invest in this IPO. The IPO received applications for a total share of Rs 8285.8 crore. The reserve quota for retail investors was subscribed 330.82 times and the quota for non-institutional investors was subscribed 287.80 times. Renowned stock market investor Shankar Sharma has invested in Pune based Drone Acharya Aerial Innovation.
Veteran investors are invested in the company
Shankar Sharma had invested in the company before bringing the IPO of Droneacharya Aerial Innovations. And recently while talking to the media, he told that he had also bought the shares of the company at a price of Rs.54 only. Apart from Shankar Sharma, investors like Harshal Mode and Ashish Nanda are also invested in this startup company. Switzerland-based Wellstone Capital has also taken a stake in the company.
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