Introduction- The company, Paras Defence and Space Technologies Limited focus on defense and space optics, defence electronics, electromagnetic pulse protection solutions, and heavy engineering. The company has five major product category offering- Defence and Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies.
The company has two manufacturing plants in Maharashtra and is in the process of expanding its current manufacturing facility at Nerul in Navi Mumbai. Here in this article, you will find full details of the Paras Defence and Space Technologies Limited IPO review, details, financials, grey market premium, tentative timetable, etc.
Paras Defence and Space Technologies Limited IPO Review and Details
IPO Issue Size- The three days initial public offering of Paras Defence and Space Technologies, is all set to hit the market on September 21 and close on September 23. The IPO comprised a fresh issue of equity share worth Rs. 140.60 crore and an offer for sale of up to 1.72 million shares by promoters and existing shareholders.
Utilization of IPO Fund- The company intends to utilize the net proceed of the IPO to purchase machinery and equipment, fund incremental working capital requirements, repay debts, and general corporate purposes.
Paras Defence IPO retail quota- Half of the issue size has been reserved for qualified institutional buyers (QIBs), 35% for retail investors, and the remaining 15% for non-institutional investors.
Price Band of Paras Defence IPO– Paras Defence IPO price band fixed at Rs. 165-175 per share for its Rs. 171 crore Initial share sale. Investors can bid for a minimum of 85 equity shares and in multiples of 85 equity shares thereafter.
About the Company
As per the information mentioned on the company’s website, 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.
The company caters to defence public sectors undertakings such as Bharat Electronics Limited, Bharat Dynamic Limited, and Aeronautics Limited. It also has clients in Belgium, Israel, and South Korea.
Details of Paras Defence and Space Technologies Limited IPO
| Particulars | IPO Details |
|---|---|
| IPO Opening Date | September 21, 2021 |
| IPO Closing Date | September 23, 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Amount | Rs. 140.60 Crore |
| Price of IPO | Rs. 165 to Rs. 175 per equity share |
| Face Value | Rs. 10 per equity share |
| Lot Size | 85 equity shares and in multiples of 85 equity shares thereafter |
| Listing At | BSE and NSE |
Financials of the Paras Defence and Space Technologies Limited
The company reported a total income of Rs. 149.05 crore in FY 2020 and 37.94 crores for the six months ended 30th September 2020. Consolidated PAT (profit after tax) stood at 19.65 crores in FY 2020, while it incurred a loss of Rs. 14 lakh for the six-month period ended 30th September 2020.
| Particulars | 31st March 2021 | 31st March 2020 | 31st March 2019 |
|---|---|---|---|
| Total Assets | 363 | 342 | 330 |
| Total Revenue | 145 | 148 | 157 |
| Profit After Tax (PAT) | 15.79 | 19.66 | 18.97 |
IPO Dates- Paras Defence and Space Technologies Limited IPO Tentative Time Table
| Particulars | Dates |
|---|---|
| IPO Open Date | September 21, 2021 |
| IPO Close Date | September 23, 2021 |
| Basis of Allotment Date | September 28, 2021 |
| Initiation of Refunds | September 29, 2021 |
| The credit of Share to Demat A/c | September 30, 2021 |
| IPO Listing Date | October 1, 2021 |
Paras Defence and Space Technologies Limited IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 85 | 14875 |
| Maximum | 13 | 1105 | 193375 |
IPO Grey Market Premium (GMP) Today
Will update soon
To know more about the IPO, read the red herring prospectus here. The issue opens on 21st September 2021 and you can subscribe to Paras Defence IPO by logging/sign up to your upstox Demat a/c. Meanwhile, we will keep you posted on all the updates about this IPO and the public issues that follow, so stay tuned.
How to Apply For IPO?
To apply for IPO online, an investor has to open a Demat account/trading account with financial institutions that provide this facility. like upstox. Once the account is open one should follow the below steps to apply online-
- On the IPO date, the first login to your Demat a/c and select the IPO you wish to invest in.
- Visit IPO Section your Demat a/c.
- Select the Paras Defence IPO.
- Click on Apply.
- Enter your UPI ID.
- Select Bid.
- Check the box of SEBI Terms and Conditions.
- Confirm the UPI AutoPay request from the UPI app.
- Kudos! your IPO application will be submitted and sent to the company.
Frequently Asked Questions- FAQs
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What is the IPO allotment date?
The three days initial public offering of Paras Defence and Space Technologies is all set to hit the market on September 21 and close on September 23. The IPO allotment date is expected to be September 28, 2021.
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What is the IPO GMP?
Will Update Soon
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Who is the registrar of Paras Defence and Space Technologies Limited IPO?
Link Intime India has been appointed as the registrar for Paras Defence and Space Technologies Limited Initial Public Offering. The details of the registrar are as follow-
Phone- +91-22-4918-6270
Email- parasdefence.ipo@linkintime.co.in
Website- https://www.linkintime.co.in -
What is the contact information of Paras Defence and Space Technologies Limited?
Paras Defence and Space Technologies Limited
D-112, TTC Industrial Area, MIDC, Nerul, Navi Mumbai 400706, Maharashtra, India
Phone: +91 9820 974 974
Email: ir@parasdefence.com
Website: https://www.parasdefence.com -
What is the Paras Defence and Space Technologies Limited IPO Listing Date?
The three days initial public offering of Paras Defence and Space Technologies is all set to hit the market on September 21 and close on September 23. The IPO allotment date is expected to be September 28, 2021, and the listing date is October 1, 2021.
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What is the Lot Size of Paras Defence and Space Technologies Limited IPO?
Paras Defence IPO price band fixed at Rs. 165-175 per share for its Rs. 171 crore Initial share sale. Investors can bid for a minimum of 85 equity shares and in multiples of 85 equity shares thereafter.
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Paras Defence and Space Technologies Limited IPO Good or Bad?
Will update soon
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What are the Paras Defence and Space Technologies Limited IPO retail quota?
Paras Defence IPO retail quota- Half of the issue size has been reserved for qualified institutional buyers (QIBs), 35% for retail investors, and the remaining 15% for non-institutional investors.
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What are the Paras Defence and Space Technologies Limited IPO Dates?
The company is all set to hit the market on August 9, 2021, and close on August 11, 2021, along with the following important dates-
IPO Open Date- 21 September 2021
IPO Close Date- 23 September 2021
Basis of Allotment Date- 28 September 2021
Initiation of Refunds- 29 September 2021
The credit of Share to Demat A/c- 30 September 2021
IPO Listing Date- 1 October 2021 -
Paras Defence and Space Technologies Limited IPO Price
The Paras Defence and Space Technologies Limited IPO is all set to hit the market on September 21 and close on September 23. The IPO comprised a fresh issue of equity share worth Rs. 140.60 crore and an offer for sale of up to 1.72 million shares by promoters and existing shareholders.
Paras Defence IPO price band fixed at Rs. 165-175 per share for its Rs. 171 crore Initial share sale. Investors can bid for a minimum of 85 equity shares and in multiples of 85 equity shares thereafter.
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