Drone Destination, India's Largest Drone Training Organization, Files DRHP to NSE Emerge, Sets Stage for Growth

Drone Destination Limited, a pioneering company in India's drone industry, has made a notable announcement by submitting its Draft Red Herring Prospectus (DRHP) on May 20th, 2023. As the country's first Drone Training Organization authorized by the Directorate General of Civil Aviation (DGCA) under the new Drone Rules 2021, the company is now preparing to list its equity shares on the esteemed SME Platform of the National Stock Exchange.

Narnolia Financial Services Limited has been appointed as the lead manager for the issue, while Longview Research and Advisory and PLS Capital Consultants Pvt Ltd are serving as the Advisors to the Issue.

With a distinguished management team at the helm, Drone Destination has emerged as the preferred choice for esteemed clients seeking cutting-edge drone services. Led by visionary leaders with extensive experience in civil aviation, the company offers a wide range of impressive solutions, including comprehensive drone pilot training and advanced aerial services for surveying, mapping, and surveillance. As a result, Drone Destination has gained the trust of industry giants such as Reliance, Tata, Airbus, ITC, Aditya Birla Group, and Bayer.

Drone Destination stands out for its unwavering dedication to following regulations and its extensive expertise in the industry. The company's management team actively collaborates with government committees focused on aviation, ensuring they possess unparalleled knowledge and comply with evolving drone regulations. This commitment has established Drone Destination as a trusted leader in the drone industry, renowned for its exceptional professionalism and strict adherence to safety protocols.

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Drone Destination serves as a strategic partner, forging alliances with esteemed organizations such as Indira Gandhi Rashtriya Uran Akademi (IGRUA), the largest Flight Training Organization (FTO) under the central Ministry of Civil Aviation in Raebareli, as well as IFFCO and Sanskardham. These partnerships empower the company to offer outstanding training programs and expand its presence across multiple cities, equipping aspiring drone pilots with the necessary skills and expertise to thrive.

Drone Destination, in collaboration with its GIS partners, plays a crucial role in the successful implementation of flagship Government initiatives such as the Prime Minister's "Svamitva Yojana." They also provide various survey and mapping services, particularly in Karnataka, Gujarat, and Uttar Pradesh. Moreover, the company has ambitious plans to introduce "Kisan Drones" in the near future, specifically designed to cater to the agricultural sector's requirements.

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Drone Destination not only excels in delivering professional services but also embraces innovation and diversity. They have made significant strides in the field of recreational drone activities, gaming, and amusement. As the authorized sponsor of Drone Soccer in India, sanctioned by the International Drone Football Federation, the company is poised to captivate audiences with exhilarating sporting events powered by drones.

With a remarkable history of achievements, profound industry knowledge, and a diverse range of services, Drone Destination is in a strong position to achieve a prosperous listing on the esteemed NSE Emerge platform. This significant step will enhance its standing as an innovative leader and a prominent participant in India's burgeoning drone sector.

-PTI

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