Paras Defence and Space Technologies IPO Subscription Status
Paras Defence and Space Technologies IPO subscription to start from Sep 21 to Sep 23, 2021. The fresh issue aggregates up to Rs 140.60 crore, while the OFS comes up to Rs 30.18 crore with a total of 1,724,490 equity shares. The price range for the offer has been fixed at Rs 165 – 175 per share.
Paras Defence and Space Technologies IPO Subscription Status
| Day | Date | QIB | NII | Retail | Total |
| Day 1 | 21-Sep-2021 17:00 | 0.01x | 3.77x | 31.36x | 16.57x |
| Day 2 | 22-Sep-2021 17:00 | 1.67x | 26.32x | 68.57x | 40.57x |
| Day 3 | 23-Sep-2021 17:00 | 169.65x | 927.70x | 112.81x | 304.26x |
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.
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
Paras Defence and Space Technologies IPO Price – Details
| Details | PARAS IPO Details |
|---|---|
| Public Issue | Initial Public offer of 1,724,490 Eq Shares of ₹ 10 (aggregating up to ₹140.6 Crore) |
| Issue Open Date | 21-Sep-21 |
| Issue Close Date | 23-Sep-21 |
| Issue Type | Book 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 Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | PDSTL |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
PDSTL IPO Subscription Status – FAQs
How much Paras Defence and Space Technologies IPO subscribed on Day 1?
The Paras Defence and Space Technologies IPO subscribed 25.47 times on day 1
How much Paras Defence and Space Technologies IPO subscribed on Day 2?
The Paras Defence and Space Technologies IPO subscribed 40.57 times on day 2
How much Paras Defence and Space Technologies IPO subscribed on Day 3?
The Paras Defence and Space Technologies IPO retail subscription is 304.26 times on day 3.
Follow us on Telegram for all the latest updates