HomeIPOParas Defence and Space Technologies IPO Details

Paras Defence and Space Technologies IPO Details

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Paras Defence and Space Technologies IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

About Paras Defence and Space Technologies

Paras Defence and Space Technologies Limited is an Indian private sector company engaged in designing, developing, manufacturing and testing a wide range of defence and space engineering products and solutions.

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Paras Defence and Space Technologies are one of the leading ‘Indigenously Designed Developed and Manufactured’(“IDDM”) category private sector companies in India, which caters to four major segments of Indian defence sector i.e. defence and space optics, defence electronics, electro-magnetic pulse (“EMP”) protection solution and heavy engineering.

Paras Defence and Space Technologies is also the sole Indian supplier of critical imaging components such as large size optics and diffractive gratings for space applications in India. The goal is to become one of the leading global companies for optics for the defence and space sector.

The company has five principal categories of product offerings: defence and space optics, defence electronics, EMP protection, heavy engineering for defence and niche technologies

Important Details – Paras Defence and Space Technologies

DateDetails
June 16, 2009The company was incorporated as “Paras Flow Form Engineering Limited” at Mumbai
September 22, 2009The name of the company was changed to “Paras Flowform Engineering Limited”
December 2, 2015The name of the company was changed to “Paras Defence and Space Technologies Limited”

Objects of the Issue

  • Purchase of machinery and equipment;
  • Funding incremental working capital requirements of the Company;
  • Repayment or prepayment of all or a portion of certain borrowings/outstanding loan facilities availed by the Company; and
  • General corporate purposes

Paras Defence and Space Technologies Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

ParticularsFor the year ended (₹ in Millions)
31-Mar-2131-Mar-2031-Mar-19
Total Assets3,627.583,423.863,297.48
Total income1,446.071,490.511,571.69
Total Expenses1,219.961,272.591,303.58
Profit After Tax157.86196.57189.70

Paras Defence and Space Technologies IPO Price – Details

DetailsPARAS IPO Details
Public IssueInitial Public offer of 1,724,490 Eq Shares of ₹ 10 (aggregating up to ₹140.6 Crore)
Issue Open  Date21-Sep-21
Issue Close Date23-Sep-21
Issue TypeBook Building
IPO Price Band₹ 165 – ₹ 175
Face Value ₹ 10
Market Lot 85 Equity Shares and in multiples thereof
Minimum Order Quantity 85 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolPDSTL
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Paras Defence and Space Technologies IPO DRHP & RHP

Paras Defence and Space Technologies IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum185₹ 14,875
Maximum131105₹ 1,93,375

Paras Defence and Space Technologies IPO Lead Managers

  • Anand Rathi Advisors Limited

Paras Defence and Space Technologies Registrar

Paras Defence and Space Technologies IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on21-Sep-21
Bid / Offer Closes on23-Sep-21
Finalisation of Basis of Allotment28-Sep-21
Initiation of refunds 29-Sep-21
Credit of the Equity Shares30-Sep-21
Commencement of trading – Listing01-Oct-21

Company Peers – Comparison of Accounting Ratios

The company does not have any listed industry peers in India

Company Registered and Corporate Office

D-112, TTC Industrial Area,
MIDC, Nerul,
Navi Mumbai 400 706,
Maharashtra, India
www.parasdefence.com

Company Promoters

  • Sharad Virji Shah
  • Munjal Sharad Shah

Paras Defence and Space Technologies IPO – FAQS

What is the Paras Defence and Space Technologies IPO Price?

The Paras Defence and Space Technologies IPO price band is ₹ 165 – ₹ 175 per share

When Paras Defence and Space Technologies IPO will open?

The Paras Defence and Space Technologies IPO opens on Sep 21, 2021 and closes on Sep 23, 2021

What is the lot size of Paras Defence and Space Technologies IPO?

The Paras Defence and Space Technologies IPO lot size is 85 Equity Shares and the minimum order quantity is 85 Equity Shares

Who is the Registrar for Paras Defence and Space Technologies IPO?

The Registrar for Paras Defence and Space Technologies IPO is Link Intime India Pvt Ltd

How to apply in Paras Defence and Space Technologies IPO through UPI?

Check the step by step process here – Click here

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