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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
Sharad Virji Shah and Munjal Sharad Shah are the company promoters.
| 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 | ||
| IPO Opening Date | Sep 21, 2021 |
| IPO Closing Date | Sep 23, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹165 to ₹175 per equity share |
| Market Lot | 85 Shares |
| Min Order Quantity | 85 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹170.78 Cr) |
| Fresh Issue | [.] 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) |
The Paras Defence and Space Technologies IPO open date is Sep 21, 2021, and the close date is Sep 23, 2021. The issue may list on Oct 1, 2021.
| IPO Open Date | Sep 21, 2021 |
| IPO Close Date | Sep 23, 2021 |
| Basis of Allotment Date | Sep 28, 2021 |
| Initiation of Refunds | Sep 29, 2021 |
| Credit of Shares to Demat Account | Sep 30, 2021 |
| IPO Listing Date | Oct 1, 2021 |
The Paras Defence and Space Technologies IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 85 | ₹14,875 |
| Maximum | 13 | 1105 | ₹193,375 |
| Pre Issue Share Holding | 79.4% |
| Post Issue Share Holding | 59.71% |
The Paras Defence and Space Technologies IPO is subscribed 304.26 times on Sep 23, 2021 17:00. The public issue subscribed 112.81 in the retail category, 169.65 in the QIB category, and 927.70 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 |
| RII | 112.81 |
| Total | 304.26 |
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: http://www.linkintime.co.in
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 equity 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 85 Shares.
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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