Paras Defence and Space Technologies Limited IPO to hit the market on 21 September as per the RHP documents filed with SEBI. The Paras Defence IPO comprises ₹140.6 crore of fresh issue and the offer for sale up to 1,724,490 equity shares of ₹10. The IPO to close on 23 September. The company might list on the indices on 1 October.
Paras Defence and Space Technologies is India’s most progressive Tier 2 defence engineering company. The offer wide range of defence products and solutions. They are the only manufacturer of Infrared Optics in large quantities in India. They are contributing prestigious Defence & Space Programs of our country. They are involved in five verticals namely Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions and Niche Technologies. Check out Paras Defence IPO details.
The Expected Subscription for the Paras Defence IPO might be 150x in Retail and 500x in NII.
Important Details:
- 40+ Years of sustained business growth in Defence & Space Engineering area
- Only manufacturer of Infrared Optics in large quantities in India
- Manufacturing setup with 400+ workforce
- IPO funds will be utilized to buy machinery and equipment, working capitals, reply of borrowings and general corporate purposes
Customer List has big names: Isro, Defence R&D Organization, Bharat Electronics, Cochin Shipyard, Hindustan Aeronautics Limited, Garden Reach Shipbuilders & Engineers, Bharat Dynamics Ltd, BrahMos, CSIR NAL, Electronics Corporation of India Limited, Goshi, Goa Shipyard, Hindustan Shipyard Limited, iia, Indian Institute of Astrophysics, Mado, Mazagon Dock Shipbuilders Ltd, National Physical Laboratory, Ordnance Factory Board, Sameer, Israel Aerospace Industries, Elbit Systems, Rafael Advanced Defense Systems, STELOP, L3 MAPPS, Safran, Chaban Group, Advanced Mechanical and Optical Systems, TAE YOUNG OPTICS, Alpha Design Technologies, Godrej & Boyce, Kirloskar Group, L & T, MKU, Premier Explosives Limited, Solar, Solar Industries, Tata Consultancy Services, TATA Power, ASTRA RAFAEL COMSYS PVT LTD.
Paras Defence IPO Review
- Apply with Short Term & Long Term View
Brokerage Firm IPO Reviews
- Axis Bank: Neutral
- Capital Market: May Apply
- Choice Broking: Apply
- Hem Securities: Apply
- JM Financial: Neutral
- Reliance Securities: Neutral
- Religare Broking: Neutral
Paras
Defence
IPO
Date
&
Price
Band
IPO Open: |
21
September
2021 |
IPO Close: |
23
September
2021 |
IPO Size: | Approx ₹170.78 Crores |
Fresh Issue: | Approx ₹140.60 Crores |
Offer for Sale: |
Approx
₹30.18
Crores
(1,724,490
Eq.
Shares) |
Face Value: | ₹10 Per Equity Share |
Price Band: | ₹165 to ₹175 Per Share |
Listing on: | BSE & NSE |
Retail Portion: | 35% |
QIB Portion: | 50% |
NII Portion: | 15% |
Discount: |
₹-
per
equity
share
for
Employees |
DRHP Draft Prospectus: | Click Here |
DRHP Draft Prospectus: | Click Here |
Paras Defence IPO Market Lot
Minimum Lot Size: |
Minimum
85
Shares
for
1
lot |
Minimum Amount: |
₹14,875
for
1
lot |
Maximum Lot Size: |
Maximum
1105
Shares
for
13
lot |
Maximum Amount: |
₹1,93,375
for
13
lot |
Paras Defence IPO Date, Time Table, Allotment & Listing
Price Band Announcement: |
15
September
2021 |
Anchor Investors Allotment: |
20
September
2021 |
IPO Open Date: |
21
September
2021 |
IPO Close Date: |
23
September
2021 |
Basis of Allotment: |
28
September
2021 |
Refunds: |
29
September
2021 |
Credit to Demat Account: |
30
September
2021 |
IPO Listing Date: |
1
October
2021 |
Paras Defence IPO Form
How to apply the Paras Defence IPO? You can apply Paras Defence IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Paras Defence IPO in the Invest section. The other option you can apply Paras Defence IPO via IPO forms download via NSE and BSE. Check out the Paras Defence forms – click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
Paras Defence Company Financial Report
₹ in Crores | |||||
Assets | Revenue | Expense |
PAT |
||
2019 | ₹330 | ₹157 | ₹130 | ₹18.97 | |
2020 | ₹342 | ₹148 | ₹127 | ₹19.66 | |
2021 |
₹363 | ₹145 | ₹122 |
₹15.79 |
Company Promoters
- Sharad Virji Shah
- Munjal Sharad Shah
Paras Defence IPO Registrar
Link
Intime
India
Private
Limited
C-101,
1
st
Floor
247
Park,
L.B.S
Marg,
Vikhroli
(West)
Mumbai
400
083
Maharashtra,
India
Tel:
+91
22
4918
6200
E-mail:
parasdefence.ipo
@linkintime.co.in
Investor
grievance
E-mail:
[email protected]
Contact
Person:
Shanti
Gopalkrishnan
Website:
www.linkintime.co.in
SEBI
Registration
No.:
INR000004058
Paras Defence IPO Lead Managers
- Anand Rathi Advisors Limited
Company Address
Paras
Defence
&
Space
Technologies
Ltd
D-112,
TTC
Industrial
Area,
MIDC,
Nerul,
Navi
Mumbai
–
400
706
Maharashtra,
India
Tel:
+91
22
6919
9999
Contact
Person:
Ajit
Sharma
Company
Secretary
and
Compliance
Officer
Tel:
+91
22
6919
9999
E-mail:
[email protected]
Website:
www.parasdefence.com
Corporate
Identity
Number:
U29253MH2009PLC193352
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Note: The Paras Defence IPO details is announced officially. The IPO grey market premium (Paras Defence IPO Premium) is updated on their particular page. You can check our IPO grey market page for daily updates.)