Dronetech Startup AITMC Gets SEBI Approval for ₹200 Crore IPO

AITMC, a dronetech venture focused on agricultural solutions, has secured regulatory clearance from SEBI to launch an initial public offering worth ₹200 crore. 

SEBI Observation Letter Confirms IPO Approval 

SEBI issued an observation letter this week, signalling approval for the confidential DRHP filed in October last year. The company’s board authorised a fresh issue of up to ₹200 crore, raising the authorised share capital from ₹22 crore to ₹25 crore. 

Business Overview and Operations 

Founded in 2016 by Preet Sandhuu and Deep Sisai, AITMC runs more than 70 drone training centres across 16 states. Its portfolio includes drone training, drone‑as‑a‑service, sales of drones and other agri‑tech solutions aimed at modernising Indian farming. 

Financial Highlights 

For FY25 the company reported a net profit of ₹14 crore, a 59% increase from ₹8.8 crore in the prior year. Operating revenue rose 87% to ₹87.5 crore, up from ₹46.8 crore in FY24. 

Previous Listing Attempt and Merger Talks 

The first attempt to list in 2023 on NSE Emerge targeted ₹125 crore through a fresh issue of 2.1 crore shares, but the IPO was not pursued. A term sheet for a strategic merger with listed rival DroneAcharaya was signed last year but later rescinded. 

Read More: NSE IPO to be Pure Offer for Sale with Listing Expected in 7 to 8 Months! 

Conclusion 

SEBI’s nod enables AITMC to move forward with a ₹200 crore IPO, building on strong revenue growth and an expanded training network. The proceeds are earmarked for business expansion, working capital and other corporate needs. 

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