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Fino Paytech Limited ₹110.00
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Garuda Aerospace Limited

DRHP filed Unlisted Drone Technology & Aerial Systems
ISIN: INE0REL01021
Indicative Price
₹430
Buy / Sell Now

Stock Fundamentals

Lot Size 100
52-wk High ₹495
52-wk Low ₹430
Market Cap ₹2,279 Cr
P/E Ratio 131.9
P/B Ratio 12.79
Debt / Equity 0.04
ROE 10.29%
Book Value ₹33.61
Face Value ₹2

About Garuda Aerospace Limited

Garuda Aerospace Limited is a Chennai-headquartered drone technology company founded in 2015 by Agnishwar Jayaprakash. It designs and manufactures unmanned aerial systems and offers Drone-as-a-Service (DaaS) for agriculture, industrial inspection, mapping, surveillance and defence-linked applications, alongside a DGCA-approved pilot training programme.

The company operates a large fleet of drones across 80+ Indian cities and counts organisations such as ISRO, HAL and global aerospace players among its partners. Backers include Venture Catalysts, the Narotam Sekhsaria Family Office and other investors, with cricketer MS Dhoni associated as a shareholder and brand ambassador.

In March 2026 the company pre-filed a confidential DRHP with SEBI for a fresh-issue-plus-OFS IPO, alongside a board-approved 1:5 stock split (reducing face value from ₹10 to ₹2) and an earlier 85:1 bonus issue, with listing targeted for late 2026.

Leadership & Management

Agnishwar Jayaprakash
Agnishwar Jayaprakash
Founder & CEO
Founded the company in 2015; Harvard Business School alumnus
Rithika Mohan
Rithika Mohan
Co-founder & Chief Advocacy Officer
India's first woman drone pilot

Frequently Asked Questions

You can place an order through UnlistedZone by confirming quantity and price, submitting KYC documents (PAN, CML/cancelled cheque), and transferring funds via RTGS/NEFT/IMPS. Shares are credited to your demat account, typically the same day if payment is confirmed before the daily cut-off.

Lock-in depends on investor category: 6 months from acquisition for VC/FVCI investors, no lock-in for Category II AIFs, and 6 months from IPO listing for retail investors, HNIs and body corporates, per SEBI's August 2021 rule change.

The typical minimum ticket size for unlisted share investments has come down in recent years and is generally in the range of roughly ₹35,000–₹50,000 through platforms such as UnlistedZone.

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Company Info

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