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HomeNewsDrone Innovation Startup DroneAcharya To Open its IPO On December 13

Drone Innovation Startup DroneAcharya To Open its IPO On December 13

DroneAcharya, a drone innovation startup, will open its DroneAcharya IPO listed on the BSE stock market exchange on December 13. The company plans to offer over ₹62.90 lakh shares via a book-building process in a range of ₹52-54 per share. 

DroneAcharya Aerial Innovations is a Pune-based drone ecosystem start-up founded by Prateek Srivastava. The company provides land and underwater surveying services and aspires to produce 100% indigenous, customized drones. 

It is one of the first few private ventures to receive a DGCA (Directorate General of Civil Aviation) certification and RPTO (Remote Pilot Training Organization) license in March 2022. Since then, the company has trained over 180 drone pilots.

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The company recently announced its plans to acquire over 100 new drones and train 500+ pilots and instructors starting in 2023. Prateek said, “Being a 40+ people team, we are now embarking on a 2.0 vision of growth and value creation – with DroneAcharya IPO listing and investment plans fortified.”

Other than DroneAcharya IPO, the organization has also launched several brief and industry-relevant drone and GIS courses to empower young Indians to upskill and create a modern profession within the drone ecosystem.

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Disha Chopra
Disha Chopra
Disha Chopra is a content enthusiast! She is an Economics graduate pursuing her PG in the same field along with Data Sciences. Disha enjoys the ever-demanding world of content and the flexibility that comes with it. She can be found listening to music or simply asleep when not working!

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