Paras Defence and Space Technologies Limited IPO will hit the market on 14th September 2021 as per the RHP document submitted by the company to SEBI. The company to raise ₹170.78 crores (approx) via an initial public offer with a face value of ₹10 per equity share.
Paras Defence has filed preliminary papers with capital market regulator SEBI to raise funds worth ₹170.78 crores via public issue. Paras Defence IPO comprises ₹140.6 crores of fresh issue and ₹30.18 crores the offer for sale up to 1,724,490 equity shares of ₹10. The price band is fixed at ₹ per share with a face value of ₹10. The company to raise ₹170.78 crores via OFS and Fresh issue.
Paras defence is a critical player in India’s defence and space research segment. They are engaged in designing, developing, manufacturing, and testing various mission-critical defence and space engineering products and solutions. The forty-year-old company operating in five business verticals, namely Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions and Niche Technologies, has maintained a sustainable growth rate and industry dominance.
Competitive Strength of Paras Defence
- Plays a critical role in the nation’s defence and space research
- Four decades worth of industry experience while maintaining sustainable growth
- A long track record of timely delivering mission-critical projects
- Experienced workforce and ownership of critical technologies
Check out Paras Defence IPO and GMP details.
Paras Defence IPO Date & Price Band:
| 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) |
Paras Defence IPO Tentative Timetable
The Paras Defence IPO open date is 21 Sep 2021, and the close date is 23 Sep 2021. The issue may list on 01 Oct 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 01, 2021 |
Paras Defence IPO Market Lot:
The Paras Defence IPO minimum market lot is 85 shares with ₹14,875 application amount. The retail investors can apply up to 13 lots with 1105 shares or ₹193,375 amounts.
| Minimum Lot Size: | Minimum 85 Shares |
| Minimum Amount: | ₹14,875 |
| Maximum Lot Size: | Maximum 1105 Shares |
| Maximum Amount: | ₹193.375 |
Paras Defence Company Financial:
| 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 IPO Reviews / Ratings
- Updates Soon
Brokerage Firm IPO Reviews for Paras Defence IPO
- ICICI Securities: Adding Soon
- Motilal Oswal: Adding Soon
- Capital Market: Adding Soon
- Ventura Securities Limited: Adding Soon
- KR Choksey: Adding Soon
- AXIS Capital Ltd: Neutral
Read Also:-
- Paras Defence IPO GMP (Grey Market Premium)
- Paras Defence IPO Subscription Status
- Paras Defence IPO Allotment Status
Paras Defence IPO Form:
How to apply the Paras Defence IPO? You can apply for Paras Defence IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Paras Defence IPO in the Invest section. The other option is you can apply to Paras Defence IPO via IPO forms download via NSE and BSE. Check out the Paras Defence IPO forms - click NSE Forms & BSE Forms blank Paras Defence IPO forms download, fill, and submit in your bank or with your broker.
Paras Defence IPO Subscription Numbers(Day 1)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | x | x | x |
| NII | x | x | x |
| RII | x | x | x |
| EMP | x | x | x |
| OTH | x | x | x |
| Total | x | x | x |
About Paras Defence
Paras offers a wide range of Products & Solutions for Defence & Space Applications. With a focus on Defence & Space Sector, we have five verticals of our business, namely Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions and Niche Technologies.
With over 40+ years of sustained business growth in the area of Defence & Space Engineering, We are involved in Technologies for rockets & Missiles, Space & Space Research, Naval Systems, Land & Armoured Vehicles, Electronic Warfare & Surveillance, ElectroMagnetic Shielding to name a few.
Paras has a state-of-the-art manufacturing setup with a 400+ workforce and having capabilities to offer a Turnkey Solution from Design to Commissioning of Small to Large Systems. Our focus on Technology Development & R&D distinguishes us as a True IDDM company in the Indian Defence Industry. We have a vibrant team working on developing future technologies and providing cutting edge solutions for our Customers.
Quality Products, Delivered at the Right Time and at the most Competitive Price is our business strategy. This has made us one of the most dependable partners of our Customers. Strong Fundamentals, Impeccable Business Ethics & Customer-Centric Approach are the pillars of our business as we aim to become the most significant Indian Company in the Defence & Space Sector.
Paras Defence IPO Objectives
The objects of the Offer are:- 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 IPO Prospectus
Paras Defence Company Promoters:
- Sharad Virji Shah
- Munjal Sharad Shah
Paras Defence IPO Registrar:
C-101, 247 ParkLBS Marg, Surya Nagar,Gandhi Nagar, Vikhroli (West),Mumbai 400 083Tel: (91 22) 4918 6200Fax: (91 22) 4918 6195E-mail: parasdefence.ipo@linkintime.co.inInvestor grievance e-mail: sevenislands.ipo@linkintime.co.inWebsite:www.linkintime.co.inContact person: Shanti GopalkrishnanSEBI registration number: INR000004058
Paras Defence IPO Lead Managers:
- Anand Rathi Advisors Limited
Paras Defence Company Address:
Paras Defence & Space Technologies Ltd
D-112, TTC Industrial Area,
MIDC, Nerul, Navi Mumbai - 400 706
Maharashtra, India
Tel: +91 22 6919 9999
Contact Person: Ajit Sharma
Company Secretary and Compliance Officer
Tel: +91 22 6919 9999
E-mail: ir@parasdefence.com
Website: www.parasdefence.com
Paras Defence IPO FAQs
What is Paras Defence IPO?
Paras Defence IPO is a main-board IPO. They are going to raise ₹170.78 Crores via IPO. The issue is priced at ₹165 to ₹175 per equity share. The IPO is to be listed on BSE & NSE.
When Paras Defence IPO will open?
The Paras Defence IPO is to open on 21 Sep 2021 for QIB, NII, and Retail Investors.
What is Paras Defence IPO Investors Portion?
The investors' portion for Paras Defence IPO is QIB 50%, NII 15%, and Retail 35%.
How to Apply the Paras Defence IPO?
You can apply for Paras Defence IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Paras Defence IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name "Paras Defence". Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
What is Paras Defence IPO Size?
Paras Defence IPO size is ₹170.78 crores (Approx).
What is Paras Defence IPO Price Band?
Paras Defence IPO Price Band is ₹165 to ₹175.
What is Paras Defence IPO Minimum and Maximum Lot Size?
The minimum bid is 85 Shares with ₹14,875 amount while the maximum bid is 1105 shares with ₹193,375.
What is Paras Defence IPO Allotment Date?
Paras Defence IPO allotment date is 28 Sep 2021.
What is Paras Defence IPO Listing Date?
Paras Defence IPO listing date is 01 Oct 2021. The IPO to list on BSE and NSE.
