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Paras Defence and Space Technologies IPO

IPO Status: Listed [21st Sep 2021 to 23rd Sep 2021]

Rated 4/5 by Team InvestorGain
Paras Defence IPO Detail

Paras Defence and Space Technologies IPO of Rs. 170.78 Cr comprising a fresh issue of Rs. 140.60 Cr and offer for sale of 30.18 Cr to hit the market soon. The IPO opens for subscription from 21-23 September 2021. The price band is fixed at Rs. 165-175 and bids can be applied for 85 shares and its multiple. Stay updated with us to know more about the price band, lot size, minimum order amount, business overview, company financials, and more.

Paras Defence IPO Details

IPO Issue Opening Date: 21st Sep 2021
IPO Issue Closing Date: 23rd Sep 2021
IPO Issue Price: ₹165-175 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota: 50.22
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹170.78 Cr
Offer for Sale: 1,724,490 equity shares at ₹165-175 per share [Aggregating upto ₹30.18 Cr]
Fresh Issue: ₹140.60 Cr.
Face Value: ₹10 Per Equity Share
IPO Discount: NA
Promoter Holding Pre IPO: 79.4%
Promoter Holding Post IPO: 59.71%
Allotment Status: Allotment Status
BSE Code: 543367
NSE Code: PARAS

Paras Defence IPO Important Dates

Get important updates regarding Paras Defence IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Paras Defence IPO dates
IPO Activity Date
Basis of Allotment Date* 28th Sep 2021
Refunds Initiation* 29th Sep 2021
Credit of Shares to Demat* 30th Sep 2021
IPO Listing Date* 1st Oct 2021

* - Tentative Dates

Paras Defence IPO Lots

IPO Activity Date
Issue Price ₹165-175
Market Lot: 85 Shares
1 Lot Amount: ₹14875
Min Small HNI Lots(2-10 Lakh): 1190 shares(14 lots) - ₹208250
Min Big HNI Lots(10+ Lakh): - ₹1011500

Paras Defence IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
01-10-2021175220--₹395 (125.71%)1-Oct-2021 10:18
IPO Live GMP

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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Paras Defence

Paras Defence and Space Technologies Ltd is one of the leading Indigenously Designed Developed and Manufactured (IDDM) companies. The private sector company is engaged in designing, developing, manufacturing, and testing of defence and space engineering products & solutions. It is also the only Indian supplier of critical imaging components for space applications.

The company caters to various market segments i.e. defence and space optics, defence electronics, electro-magnetic pulse protection, heavy engineering for defence and niche technologies. The firm currently owns 2 manufacturing units in Maharashtra located in Navi Mumbai and Ambernath in Thane.

The business generates most of the revenue from contracts with the government entities such as Bharat Electronics Ltd, Hindustan Aeronautics Ltd, Bharat Dynamics Ltd, Hindustan Shipyard Ltd, Tata Consultancy Ltd, Solar Industries India Ltd, and others.

Paras Defence IPO Strengths

  • Wide range of defence and space applications products and solutions.
  • One of the players in high precision optics manufacturing for the space and defence sector in India.
  • Strong R&D capabilities with a focus on Innovation.
  • A strong relationship with a diversified customer base and experienced managerial team.
Incorporation Sector IPO Issue Size Website
2009 Defence ₹170.78 Cr http://www.parasdefence.com/

Paras Defence IPO Objective

  1. To purchase machinery and equipment.
  2. To finance incremental working capital requirements.
  3. To make repayment or prepayment of the company's borrowings fully or partially.
  4. To meet general corporate purposes.

Our experts can help you prepare for SME IPO

Paras Defence IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 2,017,941 Shares
  • Non-Institutional Investors: 1,536,856 Shares
  • Retail Individual Investor: 3,585,996 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered2,017,941 (28.26%)1,536,856 (21.52%)3,585,996 (50.22%)7,140,793
121st Sep 2021 17:020.01x3.77x31.36x16.57x
222nd Sep 2021 17:021.67x26.32x68.57x40.57x
323rd Sep 2021 17:02169.65x927.70x112.81x304.26x
Paras Defence financial
Paras Defence and Space Technologies Financials 31-Mar-2021 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹362.76 Cr ₹342.39 Cr ₹329.75 Cr ₹256.80 Cr
Total Income ₹144.61 Cr ₹149.05 Cr ₹157.12 Cr ₹152.53 Cr
Net Profit/Loss ₹15.79 Cr ₹19.66 Cr ₹18.97 Cr ₹25.08 Cr

Company Address

Paras Defence and Space Technologies Limited
D-112, TTC Industrial Area, MIDC, Nerul
Navi Mumbai,Maharashtra-400706
India
Website: http://www.parasdefence.com/
Phone: +91 9820 974 974
Email: [email protected]

Paras Defence IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: [email protected]

Paras Defence IPO Lead Manager

Paras Defence IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Paras Defence? Should I apply in Paras Defence IPO?

Last Updated on 03-Dec-2021 09:23:03


User Reviews

5. NAMITA BAJPAI Sep 14 2021 03:47:00 AM Reply
Paras Defence and Space Technologies IPO expected listing gain.
4. Riddhi Garg Sep 14 2021 03:47:00 AM Reply
Please confirm Paras Defence and Space Technologies IPO GMP (grey market premium) and kostak.
3. Achintya Sep 14 2021 03:47:00 AM Reply
Paras Defence and Space Technologies IPO good or bad.
2. Narmada Dei Sep 14 2021 03:47:00 AM Reply
Paras Defence and Space Technologies IPO whether to invest or not.
1. Tejinder Pal Singh Sep 14 2021 03:47:00 AM Reply
Paras Defence and Space Technologies IPO - CRISIL Rating, Apply or not?.