Droneacharya Aerial Innovations’ shares debuted at Rs102 per share, a whopping 89% premium over its issue price of Rs54 per share on the BSE on Friday.
Following its listing, the stock froze a 5% upper circuit at Rs107.10 and nearly doubled or zoomed 98% from its issue price. Later, in intra-day trading on Friday, the stock fell to Rs96.90.
According to exchange data, approximately 2.35 million equity shares changed hands, with pending buy orders for 278,000 shares on the BSE. In comparison, the S&P BSE Sensex fell 1% to 60,231.
Droneacharya Aerial’s equity shares were listed and admitted to trading on the exchange in the MT group. The BSE SME scrips classified as ‘M’ are traded and settled on a net basis, whereas those classified as ‘MT’ are traded and settled on a gross basis.
Droneacharya Aerial Innovations offers a high-end ecosystem of drone solutions for multi-sensor drone surveys, data processing of drone data, drone pilot training, and specialised GIS training.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.