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Paras Defence And Space Technologies Limited IPO (Paras Defence and Space Technologies IPO) Detail

Sep 21, 2021 - Sep 23, 2021

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

  • Wide range of products and solutions offerings for defence and space applications.
  • One of the few manufacturers of optics for space and defence application in India.
  • Companies offerings are aligned with the “Atmanirbhar Bharat” and “Make in India” initiatives by the government.
  • Strong R&D capabilities with a focus on innovation.
  • Strong customer relationship with government arms and government organizations.
  • Strong experienced management.

Company Promoters:

Sharad Virji Shah and Munjal Sharad Shah are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue:

  • Fund capital expenditure requirements.
  • Funding incremental working capital requirements.
  • Repayment or prepayment of all or a portion of certain borrowings/outstanding loan facilities availed by the company.
  • General Corporate purposes.

Paras Defence and Space Technologies IPO Details

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 Sale1,724,490 Eq Shares of ₹10
(aggregating up to ₹30.18 Cr)

Paras Defence and Space Technologies IPO Tentative Timetable

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

Paras Defence and Space Technologies IPO Lot Size

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

Paras Defence and Space Technologies IPO Promoter Holding

Pre Issue Share Holding 79.4%
Post Issue Share Holding 59.71%

Paras Defence and Space Technologies IPO Subscription Status (Bidding Detail)

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

CategorySubscription (times)
QIB

169.65

NII

927.70

RII

112.81

Total

304.26

Paras Defence and Space Technologies IPO Prospectus

Paras Defence and Space Technologies IPO Rating

2041
4.3
Rating:Rated 4.3 stars
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Company Contact Information

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/

Paras Defence and Space Technologies IPO Registrar

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 FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Paras Defence and Space Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Paras Defence and Space Technologies IPO listing date is not yet announced. The tentative date of Paras Defence and Space Technologies IPO listing is Oct 1, 2021.

Paras Defence and Space Technologies IPO Message Board

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