DroneAcharya Aerial stock lists at 89% premium over IPO price

DroneAcharya Aerial Innovations made its market debut on Friday and was listed at ₹102 on BSE, an 88.89% premium over its issue price of ₹54. The Pune-headquartered drone startup witnessed total traded volumes of 26.92 lakh shares and clocked a turnover of ₹27.57 crore on day one. Its ₹33-crore issue was oversubscribed by 262 times with bids worth ₹6,017 crore.