About the Company:
Schnell Drone Technologies Ltd is a multifaceted service company offering diverse services in the drone ecosystem.
Company’s services range from geographic information system, photogrammetry, drone distribution, drone data processing, training and maintenance.
Company, since 2019 has been one of the resellers of unmanned aerial vehicles (“UAVs”), commonly known as ‘drones’, manufactured by ideaForge Technology Ltd. Company markets, sells and distributes UAVs manufactured by ideaForge, on a non-exclusive basis in India.
Company acts as a reseller for reputed GIS software developers, namely, USA based Blue Marble Geographics and Canada based Avenza Systems INC.
In addition to reselling of software products, company also provides after sales services, such as GIS software training and software support.
Company also offers data processing services in GIS and photogrammetry. This includes, georeferencing, creation of ORI (orthorectified imagery), 3D point cloud, DEM (digital elevation model) and DTM (digital terrain model).
Distributor of geographic information system and photogrammetry software products.
A geographic information system (“GIS”) is a computer system used for capturing, storing, checking, and displaying data related to positions on Earth’s surface.
GIS can show many different kinds of data on one map, such as streets, buildings, and vegetation. This enables people to more easily see, analyse, and understand patterns and relationships.
Company acts as a reseller for reputed GIS software developers, namely, USA based Blue Marble Geographics and Canada based Avenza Systems INC. In addition to reselling of software products, company also provides after sales services, such as GIS software training and software support.
Company also acts as a reseller for Agisoft LLC, Russia, whereby we market and sell their photogrammetry software, Agisoft Metashape and provide technical support for the same.
Company also provides training over Metashape, a reputed drone processing software.
GIS and Metashape software are being used extensively in various domains such as defense, forestry, mining, infrastructure, renewable energy, space applications, telecom, city gas distribution, power distribution, water resources & agriculture.
Drone distribution, training and maintenance.
Company, since 2019 has been one of the resellers of unmanned aerial vehicles (“UAVs”), commonly known as ‘drones’, manufactured by ideaForge Technology Ltd. Company markets, sells and distributes UAVs manufactured by ideaForge, on a non-exclusive basis in India.
On behalf of ideaForge, company has provided distribution and technical services to educational institutions, including but not limited to, Indian Institute of Technology, National Institute of Technology, Kerala Highway Research Institute, Punjab University, University of Pune and armed and naval force units.
Company’s Revenue Breakup: (in Lakhs)
Company’s Revenue breakup of the Top five Customers:
Company’s Software Services:
Company resells the following types and software, and also offer technical support in the form of training and resolution of complaints for the said software products:
Global Mapper & Global Mapper Pro.
- Company resells Global Mapper software of USA based Blue Marble Geographics, USA. The software types include: Global Mapper, Global Mapper Pro and Geographic Calculator.
Agisoft Metashape.
- Company is one of the resellers of Agisoft LLC for its drone data processing software Metashape. Company has deployed this product with a large number of clients including Survey of India, National Remote Sensing Centre, Bhabha Atomic Research Centre, Space Applications Centre & various IITs to name a few.
Multi-spectral data processing.
- Company has the capabilities of acquiring data using multi-spectral sensor, processing this data for crop health analysis, crop disease monitoring and crop yield estimation.
- Company believes that multispectral drone imaging will revolutionize farming by making agriculture more efficient, profitable and sustainable.
- In furtherance of the above, company has entered into a memorandum of understanding with Meero Digital Labs Pvt Ltd for the purpose of capturing images from its drones in Maharashtra and Uttar Pradesh covering an area of approximately 1,000 acres and 500 acres respectively.
Company recently acquired data under the SVAMITVA Scheme.
As part of company’s data processing services, we recently acquired data for 54.00 sq. km. of area using RYNO UAV under the SVAMITVA Scheme. This data was acquired for various villages in Agra District, Uttar Pradesh in the year 2022.
Further, in 2023, company had undertaken data acquisition using mapping payload, DGPS (differential geographical position system) survey, drone data processing and an ortho-rectified imaging for All India Institute of Local Self Government.
As part of the said project, company had acquired data across 95.57 Sq. Km. spanning eight municipal councils in Latur District of Maharashtra, for the purpose of property tax collection.
Management Team:
- Mr. Bhushan Sharad Khomane (Designation: Chairman and Managing Director)
- Mr. Satyawan Balwant Jadhav (Designation: Whole-time Director and Chief Technical Officer)
Objectives of the Issue:
Offer For Sale: (Rs. Will be Updated)
- Company will not receive any proceeds from the Offer for Sale. The Selling Shareholders will be entitled to their respective portion of proceeds of the Offer for Sale.
Fresh Issue: (Rs. Will be Updated)
- Investment in infrastructure for Drone as a Service (DaaS) and Drone services projects.
- Import of Hydrogen Fuel Cell powered Logistics Drones.
- Import of Drone-in-a-Box System.
- General corporate purposes.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Investment in infrastructure for Drone as a Service (DaaS) and Drone services projects | 17.49 cr |
| Import of Hydrogen Fuel Cell powered Logistics Drones | 13.43 cr |
| Import of Drone-in-a-Box System | 5.31 cr |
Company proposes to utilise Rs.17.49 crores from the Net Proceeds for investment in infrastructure for Drone as a Service (DaaS) and Drone services projects.
The detailed breakdown of such estimated cost is set forth below:
Positives for the Company:
Reseller and Distributor for reputed software developers and drone manufacturer.
- Company is a distributor and reseller of GIS software for USA based Blue Marble Geographics and Canada based Avenza Systems INC; and of photogrammetry software, Russia based, Agiosft Metashape.
- Company is also one of the resellers of drones of ideaForge and offer services in the capacity of a service provider to ideaForge. Since incorporation, company has been engaged in the business of reselling of sotware products and offering technical training and troubleshooting services.
Growing presence in after-sales segment leading predictable growth in revenues and superior margins.
- Company offers a variety of after sales repair, maintenance and training services to the end use customers. Company’s software division also offers training and troubleshooting services.
- As part of technical support for drones, company offers services including, field services, demonstrations and trials; training and drone as a Service (DaaS).
- In order to offer technical support to customers and to their respective customers, company has employed a team of experience personnel, including trained pilots, remote customer support engineers, field customer support engineers and trainers.
Company has Presence across diverse industry verticals.
- Company offers services across various industry segments, such as, industrial inspections, renewable energy segment, mining, infrastructure sector, agriculture and security surveillance.
Company Plans to deepen penetration into domestic markets.
- Company is looking forward to further penetrate into markets and plan to continue to deepen the network of engineers, trainers and pilots. Company believes that by expanding in new states Schnell drones can leverage its track record and experience in India to compete effectively and expand the revenue base.
Company plans to increase vendors and diversifying the product portfolio.
- Company intends to increase the vendor base, wherein company shall be importing various types of specialised UAVs, such as logistics UAVs, Drone-in-a-Box, etc., from reputed manufacturers for further reselling them in India.
- Company further intends to diversify the offerings by increasing the number of drones offered by us and therefore offering specialised technical support and services to end users.
- Company intends to capitalise on the expected growth in demand for UAVs in India by increasing the products and services portfolio through targeted business development business expansion, marketing efforts/strategies, operational efficiencies designed to support our growth targets.
- In order to facilitate this strategy, company intends to further diversify the products by adding various kinds of UAVs procured from international vendors.
- Company proposes to utilise Rs.13.43 crores from the Net Proceeds for import of Hydrogen Fuel Cell powered Logistics Drones from Gadfin, Israel.
Financials of the Company:
| (in Crores) | FY 21 | FY 22 | FY 23 | Upto 31st Jan 24 |
|---|---|---|---|---|
| Revenue | 2.41 | 5.52 | 8.82 | 9.03 |
| Net Profit | (-0.07) | 0.33 | 0.68 | 2.64 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Schnell Drone Technologies Ltd |
10 | 0.52 | TBA | 43.08% | 1.21 |
| Drone Destination Ltd | 10 | 26.08 | 160.00 | 14.56% | 35.20 |
| Droneacharya Aerial Innovations Ltd |
10 | 1.77 | 53.20 | 5.18% | 27.63 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | Coming Soon |
| Issue Closes on | Coming Soon |
| Issue Price | Will be Updated |
| Face Value | Will be Updated |
| Retail Category Allocation | Will be Updated |
| Minimum Lot | Will be Updated |
| Minimum Investment | Will be Updated |
| Issue Constitutes | Will be Updated |
| Issue Size | Will be Updated |
| Market Cap | Will be Updated |
| Listing at | Will be Updated |
| Equity Shares Offered (Fresh) | 33,00,000 |
| Equity Shares Offered (OFS) | 3,51,000 |
| Total Equity Shares Offered (Fresh + OFS) | 36,51,000 |
| Equity Shares Prior to the Issue | 97,82,196 |
| Equity Shares after the Issue | Will be Updated |
Important Dates:
| Finalization of Basis of Allotment | Will be Updated |
| Initiation of Refunds | Will be Updated |
| Credit of Equity Shares: | Will be Updated |
| Listing Date: | Will be Updated |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 0.52 | Will be Updated | 43.08% | 1.21 |
Also Read: Complete List of NSE/BSE Holidays List>>
| Should You Subscribe or Not ? |
|---|
| Schnell Drone Technologies Ltd stands as a dynamic player in the realm of drone technology, offering a wide array of services within this burgeoning ecosystem. From geographic information system deployment to photogrammetry, drone distribution, data processing, and comprehensive training and maintenance solutions, the company caters to diverse needs across industries.
As a key distributor of UAVs manufactured by industry leader IdeaForge Ltd in India, Schnell holds a significant position in the market, leveraging its non-exclusive distribution rights to market and sell these advanced aerial systems. Its robust after-sales services further bolster its revenue streams, ensuring sustainable growth and favorable margins. With a keen eye on expansion, the company is poised to increase its vendor base and diversify its product portfolio, capitalizing on the ever-evolving demands of various industry verticals. Schnell Drone Technologies Ltd presents an enticing opportunity for investors seeking exposure to the burgeoning drone technology sector. |
| Company Contact Info: |
|---|
| Schnell Drone Technologies Limited Icon Tower Office No. 402 & 403, S. No. 114/5/1, 115/1/1, 114/6/3, 115/2, 4th Floor, Baner Gaon, Haveli, Pune – 411 045, Maharashtra, India. Telephone: +91 950 366 6660/982 312 3633 E-mail: info@Schnelldronetech.com Website: www.schnelldronetech.com |
| Registrar to the Issue: |
|---|
| MAS Services Limited T-34, 2nd Floor, Okhla Industrial Area, Phase-II New Delhi- 110 020 Telephone: +91 112 638 7281 E-mail: ipo@masserv.com Website: www.masserv.com |
| Lead Manager to the Issue: |
|---|
| Horizon Management Private Limited 19 R N Mukherjee Road, Main Building, 2nd Floor, Kolkata- 700 001, West Bengal, India. Telephone: +91 33 4600 0607 E-mail: smeipo@horizon.net.co Website: www.horizonmanagement.in |
| Check IPO Allotment Status: |
|---|
Check IPO Allotment: http://MAS Services/IPO/Allotment_Status |
| Find the List of Upcoming IPOs in India: |
|---|
Upcoming IPOs in India (Click on the below Link)https://www.marketsguruji.com/upcoming-ipos-in-india/ |
