Wednesday, June 19, 2024
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Shares of drone startup DroneAcharya Aerial Innovations got listed on the Indian stock exchange at almost a 90% premium to its issue price on Friday (December 23) amid a lull in the overall stock market, with most new-age tech stocks trading in the red. DroneAcharya debuted at INR 102 apiece on the BSE SME platform against its issue price of INR 54 apiece. The shares rose further during the day and were trading at INR 107.1 at 2 PM, up 5% from their listing price.

Founded by Prateek Srivastava in 2017, DroneAcharya offers various drone solutions for multi-sensor drone surveys, pilot training, data processing, and more. It has become the first Indian drone startup to get listed on the stock exchange.

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