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Shankar Sharma made a big investment in this drone company in just 5 minutes, now preparing to bring IPO, will you invest? – Droneacharya Aerial Innovations IPO Shankar Sharma takes 5 minutes to hitch a ride on market bound drone startup

Shankar Sharma made a big investment in this drone company in just 5 minutes, now preparing to bring IPO, will you invest? – Droneacharya Aerial Innovations IPO Shankar Sharma takes 5 minutes to hitch a ride on market bound drone startup
Shankar Sharma made a big investment in this drone company in just 5 minutes, now preparing to bring IPO, will you invest? – Droneacharya Aerial Innovations IPO Shankar Sharma takes 5 minutes to hitch a ride on market bound drone startup

Shankar Sharma Portfolio: Shankar Sharma is one of the veteran investors of the country. (Shankar Sharma) drone based startup Dronacharya Aerial Innovations It took less than 5 minutes to make a decision to buy a stake in The founders of the company have given this information. Dronacharya Aerial Innovations is going to bring its IPO soon. Prateek Srivastava, CEO of the Pune-based company, said in a conversation with Moneycontrol, “Sharm is a well-known personality in the industry, but our conversation was finalized in just 5 minutes. The deal was finalized in our meeting in Dubai.

Shankar Sharma invests in pre-IPO round

Shankar Sharma and other investors have bought minority stake in the company in the pre-IPO funding round. Other investors include Harshal Mode, an angel investor in startups focused on media and entertainment, and Ashish Nanda, founder and MD of UAE-based Innovations Group.

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Shankar Sharma took this decision very quickly.

Prateek Srivastava said, he (Shankar Sharma) has always been bullish about EVs (Electric Vehicles) and green energy. Looking back at their past and considering the support the drone industry is currently receiving, this has been taken too quickly for them. “Maybe he already wants to enter this industry and joining us is just a coincidence,” he added.

Drones are being used in many industries

Shankar Sharma said, drones are being used on a large scale in many industries of the country for survey, delivery and surveillance. The performance of this segment is expected to improve in the coming years. The company has the potential to create significant value as it has been able to scale up its operations in a short span of time. Srivastava has 16 years of experience in the geospatial industry and was previously the CEO of Terra Drone India, the Indian arm of Japanese company Terra Drone.

The issue will remain open till December 15

The IPO of Dronacharya Aerial Innovations will open for subscription on 13 December 2022 and investors will be able to apply till 15 December. Its price band has been fixed at Rs 52 to Rs 54 per share. The company is going to offer 62.90 lakh shares under the IPO. Of these shares, 8.98 lakh shares are reserved for HNIs. The company has kept 11.94 lakh shares reserved for qualified institutional investors. 20.92 lakh shares will be available for retail investors.

The article is in Hindi

Tags: Shankar Sharma big investment drone company minutes preparing bring IPO invest Droneacharya Aerial Innovations IPO Shankar Sharma takes minutes hitch ride market bound drone startup

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