Paras Defence and Space Technologies Ltd IPO

Mainboard

Defence

Listed On: Oct 1, 2021 at ₹ 469.0(NSE)

₹ 14875 /85 Shares

Check Allotment

Price Summary

Last Closing

1,021.00 (483.43%)

52 Week High

1,592.70

52 Week Low

610.00

Last Update

25-Nov-2024 3:30 PM

IPO Details

21 Sep, 2021

Open Date

23 Sep, 2021

Close Date

28 Sep, 2021

Allotment Date

01 Oct, 2021

Listing Date

Issue Price

₹165-175 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

469.0(NSE)

Listing Date

2021-10-01

Market Lot

85 Shares (₹14,875/-)

Lead Manager

Anand Rathi Securities Limited

Issue Size

N/A Eq Shares of ₹10 (aggregating up to ₹170.78 Cr)

#Fresh Issue: N/A 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)

Retail Portion

35% (Number of Retail Applications : 40,183)

Subscription

304.26 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	19,51,770	14,63,870	34,15,640	68,31,280
Day 1 - 21-09-21 05:00 PM	0.01 x	3.77	31.37 x	16.57 x
Day 2 - 22-09-21 05:00 PM	1.67 x	26.33	68.56 x	40.57 x
Day 3 - 23-09-21 05:00 PM	169.65 x	927.70	112.81 x	304.26 x

Total No. of Applications: 3615644 (Approx)

Retail Subscription on the basis of Applications: 89.98 times

Valuations

Earnings Per Share (EPS)

₹5.55/-

P/E Ratio

42.40

RoNW

9.12%

Net Asset Value (NAV) - As on 31.03.21

₹55.23

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19
Assets	362.75	342.38	329.74
Revenue	144.60	149.05	157.16
Profit After Tax	15.78	19.65	18.97

About The Company

Paras Defence and Space Technologies are primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company has five major product category offerings - Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies. Paras Defence and Space Technologies is the only Indian company with the design capability for space-optics and opto-mechanical assemblies and is one of the leading providers of optics for various Indian defence and space programs. The company also delivers customized turnkey projects in the defence segment. The company has partnered with some of the leading technology companies around the world to indigenize advanced technologies in the defence and space sectors for the Indian market.

The company has 2 manufacturing plants in Maharashtra and is in the process of expanding its current manufacturing facility at Nerul in Navi Mumbai.

- Promoter(s)

Pre Issue Share Holding: 79.40%

Post Issue Share Holding: 59.71%

Company Promoter(s)

Sharad Virji Shah
Munjal Sharad Shah

IPO - Issue Objectives

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.

IPO - Anchor Investors

Paras Defence mobilises Rs 51.23 crore from anchor investors ahead of IPO

Ashoka India Equity Investment Trust Plc, Abakkus Emerging Opportunities Fund-1, Saint Capital Fund, Nippon India Mutual Fund and HDFC Mutual Fund participated in the anchor book.

IPO - FAQs

Ans. Paras Defence and Space Technologies Ltd IPO is a Mainboard IPO. The issue is priced at ₹165-175 per equity share. The minimum order quantity is 85 Shares. The IPO opens on Sep 21, 2021, and closes on Sep 23, 2021. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

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

Ans. The size of Paras Defence and Space Technologies Ltd IPO is N/A Eq Shares of ₹10 (aggregating up to ₹170.78 Cr) #Fresh Issue: N/A 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).

Ans. The IPO price band is set between ₹165-175 per equity share.

Ans. To apply for Paras Defence and Space Technologies Ltd IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Paras Defence and Space Technologies Ltd IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Paras Defence and Space Technologies Ltd IPO is Sep 28, 2021.

Ans. The Paras Defence and Space Technologies Ltd IPO will be listed on Oct 1, 2021.

Ans. Follow the steps to check the allotment status for Paras Defence and Space Technologies Ltd IPO here.