According to the RHP documents submitted with SEBI, the IPO of Paras Defence and Space Technologies Limited would take place on September 21. The Paras Defence IPO includes a fresh issue of 140.6 crore and an offer to sell up to 1,724,490 equity shares of 10. The IPO will close on September 23rd. On October 1, the corporation may be listed on the indices.
Paras Defence and Space Technologies is India’s most forward-thinking Tier 2 defence engineering firm. They provide a diverse range of defence products and solutions. They are India’s sole manufacturer of substantial quantities of Infrared Optics. They contribute to our country’s prominent defence and space programmes. Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies are their five verticals. Check out the specifics of the Paras Defence IPO.
Important Details:
- 40+ Years of sustained business growth in Defence & Space Engineering area
- Only manufacturer of Infrared Optics in large quantities in India
- Manufacturing setup with 400+ workforce
- IPO funds will be utilized to buy machinery and equipment, working capitals, reply of borrowings and general corporate purposes
Customer List has big names:
Isro, Defence R&D Organization, Bharat Electronics, Cochin Shipyard, Hindustan Aeronautics Limited, Garden Reach Shipbuilders & Engineers, Bharat Dynamics Ltd, BrahMos, CSIR NAL, Electronics Corporation of India Limited, Goshi, Goa Shipyard, Hindustan Shipyard Limited, iia, Indian Institute of Astrophysics, Mado, Mazagon Dock Shipbuilders Ltd, National Physical Laboratory, Ordnance Factory Board, Sameer, Israel Aerospace Industries, Elbit Systems, Rafael Advanced Defense Systems, STELOP, L3 MAPPS, Safran, Chaban Group, Advanced Mechanical and Optical Systems, TAE YOUNG OPTICS, Alpha Design Technologies, Godrej & Boyce, Kirloskar Group, L & T, MKU, Premier Explosives Limited, Solar, Solar Industries, Tata Consultancy Services, TATA Power, ASTRA RAFAEL COMSYS PVT LTD.
Paras Defence IPO Date & Price Band
| IPO Open: | 21 September 2021 |
| IPO Close: | 23 September 2021 |
| IPO Size: | Approx ₹170.78 Crores |
| Fresh Issue: | Approx ₹140.60 Crores |
| Offer for Sale: | Approx ₹30.18 Crores (1,724,490 Eq. Shares) |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹165 to ₹175 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| QIB Portion: | 50% |
| NII Portion: | 15% |
| Discount: | ₹- per equity share for Employees |
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, 1105 shares with ₹1,93,375 application amount.
| Minimum Lot Size: | Minimum 85 Shares for 1 lot |
| Minimum Amount: | ₹14,875 for 1 lot |
| Maximum Lot Size: | Maximum 1105 Shares for 13 lot |
| Maximum Amount: | ₹1,93,375 for 13 lot |
Paras Defence IPO Review
- Apply with Short Term & Long Term View
Brokerage Firm IPO Reviews
- Axis Bank: Neutral
- Capital Market: May Apply
- Choice Broking: Apply
- Hem Securities: Apply
- JM Financial: Neutral
- Reliance Securities: Neutral
- Religare Broking: Neutral
Paras Defence IPO Date, Time Table, Allotment & Listing
The Paras Defence IPO date is 21 September 2021 and the IPO close date is 23 September 2021. The allotment date is 28 September 2021 and the IPO may list on 01 October 2021.
| Price Band Announcement: | 15 September 2021 |
| Anchor Investors Allotment: | 20 September 2021 |
| IPO Open Date: | 21 September 2021 |
| IPO Close Date: | 23 September 2021 |
| Basis of Allotment: | 28 September 2021 |
| Refunds: | 29 September 2021 |
| Credit to Demat Account: | 30 September 2021 |
| IPO Listing Date: | 1 October 2021 |
Paras Defence IPO Form
How to apply the Paras Defence IPO? –> You can apply 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 you can apply Paras Defence IPO via IPO forms download via NSE and BSE. Check out the Paras Defence forms.
Paras Defence Company Financial Report
| ₹ in Crores | Assets | Revenue | Expense | PAT |
|---|---|---|---|---|
| 2019 | ₹330 | ₹157 | ₹130 | ₹18.97 |
| 2020 | ₹342 | ₹148 | ₹127 | ₹19.66 |
| 2021 | ₹363 | ₹145 | ₹122 | ₹15.79 |
Paras Defence IPO Registrar
Link Intime India Private Limited
C-101, 1 st Floor
247 Park, L.B.S Marg, Vikhroli (West)
Mumbai 400 083
Maharashtra, India
Tel: +91 22 4918 6200
E-mail: parasdefence.ipo @linkintime.co.in
Investor grievance E-mail: parasdefence.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
Website: https://www.linkintime.co.in
SEBI Registration No.: INR000004058
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: https://www.parasdefence.com
Corporate Identity Number: U29253MH2009PLC193352
Company Promoters
- Sharad Virji Shah
- Munjal Sharad Shah
Paras Defence IPO Lead Managers
- Anand Rathi Advisors Limited
Paras Defence IPO FAQs:
Q1. What is Paras Defence IPO?
Ans. 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 to be listed on BSE & NSE.
Q2. When Paras Defence IPO will open?
Ans. The IPO is to open on 21 September 2021 for QIB, NII, and Retail Investors.
Q3. What is Paras Defence IPO Investors Portion?
Ans. The investors’ portion for QIB 50%, NII 15%, and Retail 35%.
Q4. How to Apply the Paras Defence IPO?
Ans. You can apply Paras Defence IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Paras Defence IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Paras Defence Finance”. 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. Open Demat Account with Zerodha.
Q6. How to Apply the Paras Defence IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Paras Defence Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.
Q7. What is Paras Defence IPO Size?
Ans. Paras Defence IPO size is ₹170.78 crores. The IPO comprises ₹140.60 crores of fresh issue and offer for sale of 1,724,490 equity shares.
Q8. What is Paras Defence IPO Price Band?
Ans. Paras Defence IPO Price Band is ₹165 to ₹175 per equity share.
Q9. What is Paras Defence IPO Minimum and Maximum Lot Size?
Ans. The minimum bid is 85 shares with ₹14,875 amount while maximum bid is 1105 shares with ₹1,93,375.
Q10. What is Paras Defence IPO Allotment Date?
Ans. Paras Defence IPO allotment date is 28 September 2021.
Q11. What is Paras Defence IPO Listing Date?
Ans. Paras Defence IPO listing date is 01 October 2021. The IPO to list on BSE and NSE.
