Paras Defence IPO subscription to start from September 21, 2021, Tuesday. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota. The IPO subscription will close on September 23, 2021, Thursday. The company to raise ₹171 crores via IPO at a price band of ₹165 to ₹175. The minimum bid for the IPO is 85 shares that cost ₹14,875 for l lot. The IPO is a small size so we might get the higher subscription in all the categories even the GMP looks on a higher side and estimated 100% listing gain.
The Mumbai based Paras Defence and Space Technologies is defence products and providing solutions in India with only manufacturer of Infrared Optics. They have over 40 years of experience and providing their products and solutions to big names like Bharat Electronics, Cochin Shipyard, Hindustan Aeronautics Limited, Garden Reach Shipbuilders & Engineers, Bharat Dynamics Ltd, ISRO and more. The company reported ₹145 crores of revenues in 2021 against ₹148 crores in 2020. The PAT was stood at ₹15.79 crores in 2021 compared to ₹19.66 crores in 2020. Please check the Paras Defence IPO details over here.
IPOWatch View
We recommend investors to apply the IPO with full force. Investors should look at the QIB and HNI numbers as well as Paras Defence grey market premium movement before investing. Check the Paras Defence IPO allotment status here.
Paras Defence IPO Subscription Status (Final Data)
(Heavily Subscribed)
The Paras Defence IPO subscribed 304.26x on day 3. The subscription comprises Qualified Institutional Buyer (QIB) 169.65x, Non-institutional Bidders (NII) 927.70x and Retail (RII) 112.81x.
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.01x | 1.67x | 169.65x |
| NII | 3.77x | 26.32x | 927.70x |
| RII | 31.36x | 68.57x | 112.81x |
| EMP | 0.00x | 0.00x | 0.00x |
| Total | 16.57x | 40.57x | 304.26x |
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 Subscription FAQs:
When Paras Defence IPO Subscription will start?
The IPO subscription starts on 21 September 2021 for QIB, NII, and Retail Investors.
How much Paras Defence IPO subscribed?
The IPO subscribed 304.26x times on day 1.
What is Paras Defence IPO Retail subscription status?
The RII subscription is 112.81x on day 1.
How to subscribe Paras Defence IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.
How do i check live Paras Defence IPO Subscription Numbers?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE website. One can check the live subscription on BSE or NSE website on the particular IPO page.
