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Paras Defence and Space Technologies IPO is a book built issue of Rs 170.78 crores. The issue comprises of fresh issue of Rs 140.60 crore and offer for sale of 0.17 crore shares.
Paras Defence and Space Technologies IPO bidding started from September 21, 2021 and ended on September 23, 2021. The allotment for Paras Defence and Space Technologies IPO was finalized on Tuesday, September 28, 2021. The shares got listed on BSE, NSE on October 1, 2021.
Paras Defence and Space Technologies IPO price band is set at ₹165 to ₹175 per share. The minimum lot size for an application is 85 Shares. The minimum amount of investment required by retail investors is ₹14,875.
Anand Rathi Securities Limited is the book running lead manager of the Paras Defence and Space Technologies IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Paras Defence and Space Technologies IPO RHP for detailed information.
| IPO Date | September 21, 2021 to September 23, 2021 |
| Listing Date | October 1, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹165 to ₹175 per share |
| Lot Size | 85 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹170.78 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹140.60 Cr) |
| Offer for Sale | 1,724,490 shares of ₹10 (aggregating up to ₹30.18 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Paras Defence and Space Technologies IPO offers 7,140,793 shares. 2,017,941 (28.26%) to QIB, 1,536,856 (21.52%) to NII, 3,585,996 (50.22%) to RII. 42,188 RIIs will receive minimum 85 shares and (sNII) and (bNII) will receive minimum 1,190 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,017,941 (28.26%) | NA |
| NII (HNI) Shares Offered | 1,536,856 (21.52%) | |
| Retail Shares Offered | 3,585,996 (50.22%) | 42,188 |
| Total Shares Offered | 7,140,793 (100%) |
Paras Defence and Space Technologies IPO opens on September 21, 2021, and closes on September 23, 2021.
| IPO Open Date | Tuesday, September 21, 2021 |
| IPO Close Date | Thursday, September 23, 2021 |
| Basis of Allotment | Tuesday, September 28, 2021 |
| Initiation of Refunds | Wednesday, September 29, 2021 |
| Credit of Shares to Demat | Thursday, September 30, 2021 |
| Listing Date | Friday, October 1, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 23, 2021 |
Investors can bid for a minimum of 85 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 85 | ₹14,875 |
| Retail (Max) | 13 | 1105 | ₹193,375 |
| Lot Size Calculator | |||
Sharad Virji Shah and Munjal Sharad Shah are the company promoters.
| Share Holding Pre Issue | 79.4% |
| Share Holding Post Issue | 59.71% |
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.
Competitive Strengths
| Particulars | For the year/period ended (₹ in millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 3,627.58 | 3,423.86 | 3,297.48 | ||
| Total Revenue | 1,446.07 | 1,490.51 | 1,571.69 | ||
| Profit After Tax | 157.86 | 196.57 | 189.70 | ||
[Dilip Davda] No doubt, spending on the defence and aerospace segment by the government has been on the rise and this augurs well for this company. However, based on its financial data the issue is fully priced discounting near term prospects. As the overall IPO size is below Rs. 250 cr. its initial listing will take place in T 2 T group limiting speculative movements. Hence cash surplus investors may consider investing in this issue for the long term. Read detail review...
The Paras Defence and Space Technologies IPO is subscribed 304.26 times on September 23, 2021 5:00:00 PM. The public issue subscribed 112.81 times in the retail category, 169.65 times in the QIB category, and 927.70 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 89.61 times
| Category | Subscription (times) |
|---|---|
| QIB | 169.65 |
| NII | 927.70 |
| Retail | 112.81 |
| Total | 304.26 |
| Listing Date | October 1, 2021 |
| BSE Script Code | 543367 |
| NSE Symbol | PARAS |
| ISIN | INE045601015 |
| Final Issue Price | ₹175 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹175.00 |
| ₹475.00 |
| ₹456.00 |
| ₹498.75 |
| ₹498.75 |
| NSE |
|---|
| ₹175.00 |
| ₹469.00 |
| ₹460.00 |
| ₹492.45 |
| ₹492.45 |
Paras Defence And Space Technologies Limited
D-112, TTC Industrial Area,
MIDC, Nerul,
Navi Mumbai 400 706,
Phone: +91 9820 974 974
Email: ir@parasdefence.com
Website: https://www.parasdefence.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: Parasdefence.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Paras Defence and Space Technologies IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹170.78 Crores. The issue is priced at ₹165 to ₹175 per share. The minimum order quantity is 85 Shares.
The IPO opens on September 21, 2021, and closes on September 23, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Paras Defence and Space Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Paras Defence and Space Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Paras Defence and Space Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Paras Defence and Space Technologies IPO opens on September 21, 2021 and closes on September 23, 2021.
Paras Defence and Space Technologies IPO lot size is 85 Shares, and the minimum amount required is ₹14,875.
You can apply in Paras Defence and Space Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Paras Defence and Space Technologies IPO will be done on Tuesday, September 28, 2021, and the allotted shares will be credited to your demat account by Thursday, September 30, 2021. Check the Paras Defence and Space Technologies IPO allotment status.
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RHP
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Around 600/-. It is applying lower
Circuit to accumulate the shares
those who are having. Please don''t
Sell. Next year tgt is 2000/-