Shankar Sharma’s portfolio stock: This micro-cap drone company acquired a 76 per cent stake in Aerophile Academy Pvt Ltd and expanding its business in South Indian market!

The stock is up by 65 per cent from its 52-week low of Rs 111.15 per share.

DroneAcharya Aerial Innovations Limited, a key player in the drone technology sector, has signed a term sheet to acquire a 76 per cent stake in Aerophile Academy Private Limited, a prominent DGCA-certified drone pilot training centre in South India. This strategic move marks DroneAcharya's foray into South India's drone pilot training landscape, further solidifying its position as India's leading Drone Pilot Training Organization.

Under its ambitious growth strategy, DroneAcharya intends to acquire a commanding 76 per cent stake in Aerophile Academy Private Limited, a leading DGCA-certified Remote Pilot Training Organisation (RPTO) in South India, located in Bengaluru, Karnataka. With this engagement, DroneAcharya aims to extend its influence beyond its existing stronghold in Central, North and West India, establishing a formidable footprint in the vibrant South Indian market

Formalized through a term sheet, the allocation designates 76 per cent of the stakes to DroneAcharya, underscoring its commitment to strategic expansion and market leadership. Aerophile Academy will retain a 24 per cent stake in the partnership, ensuring a collaborative and mutually beneficial relationship between the two entities. The terms of the Share Purchase Agreement will be finalized in due course, outlining specific details of the acquisition. Further intimations will be made to the Stock Exchange as and when required.

This strategic move will not only enhance DroneAcharya's geographical reach but also strengthen its capabilities in delivering top-notch drone pilot training solutions. By integrating Aerophile Academy's expertise and resources, DroneAcharya aims to elevate the standards of drone training and contribute to the development of skilled drone pilots across the country.

DroneAcharya Aerial Innovations Limited is committed to innovation, excellence and collaboration in the drone technology sector. This acquisition of Aerophile Academy Private Limited is expected to mark a significant milestone in its journey towards shaping the future of drone technology in India.

Today, shares of DroneAcharya Aerial Innovations Ltd gained 2.42 per cent to Rs 182 per share from its previous closing of Rs 177.70 with an intraday high of Rs 183.90 and an intraday low of Rs 177.70. The stock is up by 65 per cent from its 52-week low of Rs 111.15 per share.

Aamir Khan invested Rs 25 lakh to purchase 46,600 shares during the pre-IPO fundraising round, and Ranbir Kapoor spent approximately Rs 20 lakh to purchase 37,200 shares. Additionally, an ace investor, Shakar Sharma owns 4,57,000 shares or 1.91 per cent stake in the company.  

In December 2023, BofA Securities Europe Sa, an FII bought 1,67,000 shares at Rs 188 per share aggregating to Rs 3,13,96,000 or 3.14 crore. (BofA Securities Europe SA operates as an institutional broker. The Company offers fixed income, currency, and commodities financial instruments dealing, as well as investment banking advisory, underwriting, and post-trade related services. BofA Securities Europe SA serves customers worldwide).

According to the half-yearly results, the net sales increased by 998.01 per cent to Rs 2,088.86 lakh, profit before tax increased by 2,934.05 per cent to Rs 533.69 lakh and PAT increased by 2,934.47 per cent to Rs 396.95 lakh in H1FY24 compared to H1FY23. According to its annual results, the net sales increased by 417.3 per cent to Rs 18.57 crore and net profit increased by 736.6 per cent to Rs 3.43 crore in FY23 compared to FY22. The company has a market cap of Rs 436.6 crore and investors should keep an eye on this micro-cap drone stock.

Disclaimer: The article is for informational purposes only and not investment advice.

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