Paras Defence and Space Technologies Ltd IPO
Mainboard₹14,875 / 85 Shares
Paras Defence and Space Technologies Ltd IPO Details
The Paras Defence and Space Technologies Ltd IPO price band is set between ₹165-175 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 21 Sep, 2021 and closes on 23 Sep, 2021. Investors can check the allotment status on 28 Sep, 2021, while the listing date is tentatively scheduled for 1 Oct, 2021.
The total issue size is N/A Eq Shares of ₹10 , aggregating up to ₹170.78 Cr. Stay tuned for the latest Paras Defence and Space Technologies Ltd IPO review and GMP updates.
Paras Defence and Space Technologies Ltd IPO Review, Rating & Analysis
Paras Defence and Space Technologies Ltd IPO Review
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Paras Defence and Space Technologies Ltd IPO Highlights
IPO Date
Sep 21, 2021 - Sep 23, 2021
Listing Date
1 Oct, 2021
Face Value
₹10 Per Equity Share
Price Band
₹165-175 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Paras Defence and Space Technologies Ltd IPO Lot Size
The minimum market lot for Paras Defence and Space Technologies Ltd IPO is 85 shares with an application amount of ₹14,875. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 85 | ₹14,875 |
| Retail (Max) | 13 | 1105 | ₹1,93,375 |
| S-HNI (Min) | 14 | 1190 | ₹2,08,250 |
| S-HNI (Max) | 67 | 5695 | ₹9,96,625 |
| B-HNI (Min) | 68 | 5780 | ₹10,11,500 |
Paras Defence and Space Technologies Ltd IPO Timeline
Issue Price
₹165-175 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Anand Rathi Securities LimitedIssue Size
N/A Eq Shares of ₹10 (aggregating up to ₹170.78 Cr)#Fresh Issue: N/A Eq Shares of ₹10 (aggregating up to ₹140.60 Cr)#Offer for Sale# 1,724,490 Eq Shares of ₹10 (aggregating up to ₹30.18 Cr)Paras Defence and Space Technologies Ltd IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 21 | 362.75 | 144.60 | 15.78 | - | - | - |
| 31 Mar 20 | 342.38 | 149.05 | 19.65 | - | - | - |
| 31 Mar 19 | 329.74 | 157.16 | 18.97 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Sharad Virji Shah
- Munjal Sharad Shah
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 79.40% | 59.71% |
About Company
Paras Defence and Space Technologies are primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company has five major product category offerings - Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies. Paras Defence and Space Technologies is the only Indian company with the design capability for space-optics and opto-mechanical assemblies and is one of the leading providers of optics for various Indian defence and space programs. The company also delivers customized turnkey projects in the defence segment. The company has partnered with some of the leading technology companies around the world to indigenize advanced technologies in the defence and space sectors for the Indian market.
The company has 2 manufacturing plants in Maharashtra and is in the process of expanding its current manufacturing facility at Nerul in Navi Mumbai.
Paras Defence and Space Technologies Ltd IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 19,51,770 | 14,63,870 | 34,15,640 | 68,31,280 |
Day 1 -21-09-21 05:00 PM | 0.01 x | 3.77 | 31.37 x | 16.57 x |
Day 2 -22-09-21 05:00 PM | 1.67 x | 26.33 | 68.56 x | 40.57 x |
Day 3 -23-09-21 05:00 PM | 169.65 x | 927.70 | 112.81 x | 304.26 x |
89.98 times
Frequently Asked Questions about Paras Defence and Space Technologies Ltd IPO IPO
When will Paras Defence and Space Technologies Ltd IPO open for subscription?
The Paras Defence and Space Technologies Ltd IPO opens on 21 Sep, 2021 and closes on 23 Sep, 2021.
What is the investors portion for Paras Defence and Space Technologies Ltd IPO?
The investors' portion for QIB is 169.65 x, NII is 927.70, and Retail is 112.81 x.
How to apply for Paras Defence and Space Technologies Ltd IPO?
You can apply for Paras Defence and Space Technologies Ltd IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Paras Defence and Space Technologies Ltd IPO?
The issue size of Paras Defence and Space Technologies Ltd IPO is approx ₹N/A Eq Shares of ₹10 (aggregating up to ₹170.78 Cr)#Fresh Issue: N/A Eq Shares of ₹10 (aggregating up to ₹140.60 Cr)#Offer for Sale# 1,724,490 Eq Shares of ₹10 (aggregating up to ₹30.18 Cr) crores.
What is the price band of Paras Defence and Space Technologies Ltd IPO?
The price band for Paras Defence and Space Technologies Ltd IPO is ₹165 to ₹175 per equity share.
What is the lot size of Paras Defence and Space Technologies Ltd IPO?
The minimum bid (lot size) for Paras Defence and Space Technologies Ltd IPO is N/A shares with an investment of approx ₹14,875 .
What is the allotment date of Paras Defence and Space Technologies Ltd IPO?
The allotment date for Paras Defence and Space Technologies Ltd IPO is 28 Sep, 2021.
What is the listing date of Paras Defence and Space Technologies Ltd IPO?
The listing date for Paras Defence and Space Technologies Ltd IPO is expected to be 1 Oct, 2021.
What is the GMP of Paras Defence and Space Technologies Ltd IPO?
The latest Grey Market Premium (GMP) for Paras Defence and Space Technologies Ltd IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.