AVPL International Takes Flight with Mainboard IPO, Poised t…

AVPL International, a trailblazing force in India’s burgeoning drone industry, is set to soar to new heights with a mainboard Initial Public Offering (IPO). This landmark decision marks a pivotal moment in the company’s trajectory, as it seeks to capitalize on the rapidly expanding drone market in India which is projected to stand at USD 13 Bn by 2030, up from USD 2.71 Bn in 2022, positioning India as a key player in Asia Pacific (APAC) for driving this growth.

With a strong presence in 12 states, AVPL International boasts an extensive network of 50 Global Skill and Incubation Hubs and 20 World Skill and Incubation Hubs, exclusively dedicated to the Drone and Agriculture sectors. The company offers a comprehensive suite of services, including Drone and Skill Training, Drone-as-a-Service (DaaS), Drone Manufacturing, and operates a chain of Agri-input Retail Outlets across India. Their commitment to empowering rural youth is evident in their international training programs aimed at global employment opportunities.

“We are excited to announce our mainboard IPO, a testament to AVPL International’s unwavering dedication to growth and innovation in the drone sector,” said Preet Sandhuu, Founder and Director of AVPL International. “This IPO will propel our ability to deliver cutting-edge technology to clients worldwide and further our mission of empowering individuals and businesses through drone technology. India aspiring to be the leader of Industry Revolution 4.0 has set the target of being a major global hub for drones by 2030 which will boost the country’s gross domestic product (GDP) by 1-1.5 percent while adding at least five lakh jobs in the coming years.”

AVPL International’s IPO comes at a time of unprecedented growth in the Indian drone industry. As per an EY and FICCI report, the industry is expected to grow at a rate of 80% from 2020 to 2025, followed by a CAGR of 35% from 2025 to 2030. AVPL’s strategic focus on drone skilling and agri-drones positions them at the forefront of this revolution, ready to capitalize on the escalating demand for precision agriculture solutions.

AVPL International’s success story is built on a multifaceted approach. The company’s DGCA-type certified agriculture drone “VIRAJ” showcases its technological prowess, while its four DGCA-approved Remote Pilot Training Organizations underscore its commitment to building a skilled workforce.

For investors, AVPL International’s IPO presents a compelling opportunity to participate in India’s burgeoning drone market, predicted to reach a value of USD 13 Bn by 2030. With a strong track record, strategic partnerships, and a visionary leadership team, AVPL International is poised to redefine industry standards and solidify its position as a frontrunner in the global drone ecosystem.

First published on: 30 Jul 2024, 10:53 IST