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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 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

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 Sale1,724,490 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 Timeline (Tentative Timetable)

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

Paras Defence and Space Technologies IPO Lot Size

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

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 Review

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...


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 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

CategorySubscription (times)
QIB169.65
NII927.70
Retail112.81
Total304.26

Paras Defence and Space Technologies IPO Prospectus

Paras Defence and Space Technologies IPO Rating

2041
4.3
Rating:Rated 4.3 stars
Vote Here ...

Paras Defence and Space Technologies IPO Listing Date

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

Listing Day Trading Information

.
IPO 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

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: https://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 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 .

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 on Friday, October 1, 2021.
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Paras Defence and Space Technologies IPO Message Board

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1868 Comments

638. IPO Electrifying |   Link |Oct 29, 2021 8:13:12 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
I will definitely buy this stock
Around 600/-. It is applying lower
Circuit to accumulate the shares
those who are having. Please don''t
Sell. Next year tgt is 2000/-
637. IPO Electrifying |   Link |Oct 21, 2021 10:09:33 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
My first tgt achieved of 1050/-
I HV sell my 50% shares.
Now I will wait for 2000/-
Which is my second target.
637.4. My IPO application |   Link |Oct 27, 2021 8:17:43 AM
Wah IPO electrifying Baba aap to bhut kal ka btate ho jo baat already ho chuka hai
637.5. Ammm VVV |   Link |Oct 28, 2021 8:02:54 PM
How many stock you hold?
636. My IPO application |   Link |Oct 27, 2021 8:18:25 AM
Aaj bhi seller circuit lagegi...
635. ipobull |   Link |Oct 22, 2021 11:17:24 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
This stock''s movement has really bamboozled me. It''s product may be niche but financials do not match its stock movement. May be operator''s are very active. Once 5 % circuit kicks in, it should start moving down. But certainly a bow to this stock. 🙏
635.1. SONMAYA |   Link |Oct 25, 2021 8:09:33 PM
IPO Mentor IPO Mentor (500+ Posts)
Perfect 5% Starts with LC...
634. lomdi |   Link |Oct 19, 2021 7:11:38 PM
Satta ho to paras jesa varna naa ho... Kya upper pe upper... Rollercoaster...🔥🤙
634.1. IPOVini |   Link |Oct 23, 2021 2:07:36 PM
Hope you are enjoying very good profit...
634.2. न्यूटन |   Link |Oct 24, 2021 12:36:24 AM
Bech diya pahle hi...sabne
633. IPO Electrifying |   Link |Oct 23, 2021 9:44:02 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Just 17,24,000/- offered in ipo,
Very less quantity of very good
fundamentally company. That''s
the only reason price are going
up. Have in your portfolio for
Long term. Will give you very
Good return.
632. RAG |   Link |Oct 21, 2021 3:40:36 PM
Top Contributor Top Contributor (200+ Posts)
kal 20/10/21 20% upper circuit tha. Aaj 21/10/21 10% uper circuit hai
632.1. lomdi |   Link |Oct 22, 2021 4:21:36 PM
20% ke 2...
Filter chance to 10% ke 3 ....
Filter change to 5% .... Fir 10 to 14 upper lage to T 2 T me aa jayega 🙂
631. IPO Electrifying |   Link |Oct 21, 2021 8:35:49 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Next year tgt 2500/-
If you get this shares around 750/-
Buy it. Portfolio stock.
630. Snehal Bhatt |   Link |Oct 20, 2021 5:02:51 PM
How come 10% circuit from 20%. What is the best rate for exit?
630.1. RAG |   Link |Oct 21, 2021 3:37:05 PM
Top Contributor Top Contributor (200+ Posts)
kal 20 % pe upper circuit tha. Aaj 21/10/21 10 % upper circuit hai.
629. IPO Electrifying |   Link |Oct 19, 2021 7:49:13 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
It is worthwhile portfolio stock.
Not for traders.
Remember TGT 2000/-
Keep it with you.
Exit 50% tomorrow and wait.
629.1. न्यूटन |   Link |Oct 19, 2021 10:30:10 PM
Most of the retail investors might have already exited.
Now just a game to watch while others play ☺️
628. IPO Electrifying |   Link |Oct 18, 2021 3:36:49 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
I told you earlier, sooner 1000
And long term TGT 2000.
Keep in your portfolio.
628.1. igen |   Link |Oct 19, 2021 9:52:43 AM
Second upper circuit (20%) today what exactly is the basis/ reason ?
628.2. pamsa |   Link |Oct 19, 2021 4:32:50 PM
Stock can move to 1100/1200 for traders.. as an investor i have got 4x returns from 175 so exited today @911..
627. Newbieee |   Link |Oct 18, 2021 11:30:59 PM
**PARAS DEFENCE****something FISHY***
Hi All,

Regarding Paras defence 20 PERCENT rally today, people are saying the main reason behind is the news of forming an associate company(Krasny) by paras. But i have a BIG doubt...

The stock had already hit upper circuit at 10:30AM. The Board meeting ended at 10:20PM and meeting PDF notice was uploaded on BSE/NSE at 10:50 AM........so how it is possible for people to know the meeting result before 10:30AM.....how the upper circuit was reached???????????

There can be only 2 reasons:
The reason behind upper circuit was not the board meeting and related decision.
OR
The meeting outcome was already known by the traders before the public announcement(10:50AM PDF upload on NSE/BSE)
626. VMARU |   Link |Oct 14, 2021 4:18:07 PM
Two lc now again uc. Guess till it comes out of T2T segment, it will be yo yo stock.
625. lomdi |   Link |Oct 12, 2021 10:14:21 AM
8th upper cerkit in pre open... 9:15 min me sidha upper nikal gaya uske baad BSE me lower lagne ke bad to nahi khula lekin NSE me 9:18 min tak khula tha.. High volatility.. Anyway enjoy 175 ka maal 678 😉

Still 2 lower cerkit will apply.
625.1. Bhargav K |   Link |Oct 12, 2021 10:20:44 AM
Party Over for Paras Exited @680
625.2. lomdi |   Link |Oct 14, 2021 10:04:54 AM
Haal maal laav maal...🔥🔥🔥 upper NSE....

Monday se 20% ...
624. Sachin Sarda |   Link |Oct 13, 2021 10:37:19 PM
Game over in paras
623. Cautious ipo |   Link |Oct 13, 2021 1:33:03 PM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
It may fall as low as 380 untill stunning quarterly results not out to support recent rally it seems
622. RakeshK |   Link |Oct 13, 2021 10:02:08 AM
can anyone tell me how to exit LC and sell paras shares? LC is happening before 9:15 AM. Pls suggest.
622.1. Cautious ipo |   Link |Oct 13, 2021 12:39:13 PM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
Put sell order at 9:01 at 5% lower previous closing everyday till executed
622.2. RakeshK |   Link |Oct 13, 2021 12:48:34 PM
Thanks. Will try. Do we expect to paras rise or it will go LC only?
621. ipobull |   Link |Oct 12, 2021 2:43:28 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
Finally, as expected LC started for the stock.
620. VMARU |   Link |Oct 11, 2021 7:40:37 PM
Earlier I thought the uc were due to small size. Now I think this stock was grossly undervalued during book building.
620.1. Ammm VVV |   Link |Oct 12, 2021 10:03:57 AM
You can buy now its in LC if you feel its undervalued!! Sab operator ki maya hai
620.2. VMARU |   Link |Oct 12, 2021 2:27:25 PM
I will hold my allotment for another 3 years and see.
619. Manisha D |   Link |Oct 12, 2021 10:39:08 AM
can we buy Paras at this price please reply i m new in this
619.1. Ammm VVV |   Link |Oct 12, 2021 1:21:21 PM
If you are new than invest time in learning about investing, any random person tips on any open forum is not sustainable. Its all random. Better learn about different types of instruments. This is T2T share with low floating and Market cap , investing in these is Rollar coster ( continuous UC and LC , you can''t exit easily ) . There are 6000 scripts in BSE and 1500 in NSE. Don''t just jump in without understanding the market and its instument