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Paras Defense and Space Technologies are fundamentally occupied with the planning, creating, assembling, and testing of an assortment of safeguard and space designing items and arrangements. The organization has five significant item class contributions – Defense and Space Optics, Defense Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies.
Paras Protection and Space Advances is the vitally Indian association with the arrangement capacity for space-optics and opto-mechanical assemblages and is one of the primary providers of optics for various Indian gatekeeper and space programs. The organization likewise conveys modified turnkey projects in the protection portion.
The organization has banded together with a portion of the main innovation organizations all throughout the planet to indigenize trend setting innovations in the safeguard and space areas for the Indian market.the organization has 2 assembling plants in Maharashtra and is currently extending its present assembling office at Nerul in Navi Mumbai.
Subscription Dates | 21 – 23 September 2021 |
Price Band | INR165 – 175 per share |
Fresh issue | INR140.6 crore |
Offer For Sale | 1,724,490 shares (INR28.45 – INR30.18 crore) |
Total IPO size | INR169.05 – 170.78 crore |
Minimum bid (lot size) | 85 shares |
Face Value | INR10 per share |
Retail Allocation | 35% |
Listing On | NSE, BSE |
| FY2019 | FY2020 | FY2021 |
Revenue | 157.2 | 149.0 | 144.6 |
Expenses | 130.4 | 127.3 | 122.0 |
Net income | 18.5 | 20.3 | 16.1 |
Margin (%) | 11.8 | 13.6 | 11.1 |
Earnings Per Share (EPS): INR5.55
Price/Earnings (PE ratio): 29.73 – 31.53
Return on Net Worth (RONW): 9.12%
Net Asset Value (NAV): INR55.23 per share
| Date | Paras Defence IPO GMP | Kostak | Subject to Sauda |
| 30 September 2021 | INR230 | – | – |
| 29 September 2021 | INR230 | – | – |
| 28 September 2021 | INR250 | INR260 | INR12,000 |
| 27 September 2021 | INR270 | INR300 | INR13,000 |
| 25 September 2021 | INR250 | INR280 | INR12,000 |
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain |
Paras Defence And Space Technologies Limited IPO
| Oct 1, 2021 | 175 | 498.75 | 185% |
NSE : NA
ISIN CODE : INE045601015
BSE : NA
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IPO Opening Date: 21 September 2021
IPO Closing Date: 21 September 2021
Finalisation of Basis of Allotment: 28 September 2021
Initiation of refunds: 29 September 2021
Transfer of shares to demat accounts: 30 September 2021
Listing Date: 1 October 2021
Opening Price on NSE: INR469 per share (up 168% from IPO price)
Closing Price on NSE: INR492.45 per share (up 181.4% from IPO price)
Paras Defence and Space Technologies Limited
D-112, TTC Industrial Area, MIDC, Nerul,
Navi Mumbai 400 706, Maharashtra
Phone: +91 22 6919 9999
Email: ir@parasdefence.com
Website: www.parasdefence.com
Link Intime India Private Limited
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: parasdefence.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Category | Shares Offered | Day 1 | Day 2 | Day 3 |
QIB | 20,17,941 | 0.01 | 1.67 | 169.65 |
NII | 15,36,856 | 3.77 | 26.32 | 927.70 |
Retail | 35,85,996 | 31.32 | 68.57 | 112.81 |
Total | 71,40,793 | 16.54 | 40.57 | 304.26 |
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 initial public offering (IPO) begins on Sep 21, 2021,, and ends on Sep 23, 2021.The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.
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 details about applying for an IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The 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.
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