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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 | ||
| Paras Defence and Space Technologies IPO Date | Sep 21, 2021 to Sep 23, 2021 |
| Paras Defence and Space Technologies IPO Face Value | ₹10 per share |
| Paras Defence and Space Technologies IPO Price | ₹165 to ₹175 per share |
| Paras Defence and Space Technologies IPO Lot Size | 85 Shares |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹170.78 Cr) |
| Fresh Issue | [.] shares of ₹10 (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 |
| Company Promoters | Sharad Virji Shah and Munjal Sharad Shah are the company promoters. |
Paras Defence and Space Technologies IPO opens on Sep 21, 2021, and closes on Sep 23, 2021. The Paras Defence and Space Technologies IPO bid date is from Sep 21, 2021 10.00 A.M. to Sep 23, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Paras Defence and Space Technologies IPO Opening Date | Sep 21, 2021 |
| Paras Defence and Space Technologies IPO Closing Date | Sep 23, 2021 |
| Basis of Allotment | Sep 28, 2021 |
| Initiation of Refunds | Sep 29, 2021 |
| Credit of Shares to Demat | Sep 30, 2021 |
| Paras Defence and Space Technologies IPO Listing Date | Oct 1, 2021 |
The Paras Defence and Space Technologies IPO lot size is 85 shares. A retail-individual investor can apply for up to 13 lots (1105 shares or ₹193,375).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 85 | ₹14,875 |
| Maximum | 13 | 1105 | ₹193,375 |
| Pre Issue Share Holding | 79.4% |
| Post Issue Share Holding | 59.71% |
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 Sep 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 | Friday, October 1, 2021 |
| BSE Script Code | 543367 |
| NSE Symbol | PARAS |
| Listing In | T Group of Securities |
| ISIN | INE045601015 |
| IPO Price | ₹175 per share |
| Face Value | ₹10 per share |
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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/
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 11 | 8 | 0 |
| Members | 0 | 0 | 0 |
IPO Broker Recommendations
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 Sep 21, 2021, and closes on Sep 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 Sep 21, 2021 and closes on Sep 23, 2021.
Paras Defence and Space Technologies IPO lot size is 85 Shares and the minimum order quantity is .
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Paras Defence and Space Technologies IPO will be done on Sep 28, 2021, and the allotted shares will be credited to your demat account by Sep 30, 2021. Check the Paras Defence and Space Technologies IPO allotment status.
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IPO Mentor (500+ Posts, 300+ Likes)
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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/-