Paras Defence And Space Technologies Limited IPO Details, GMP, Allotment Status and Issue Price

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Paras Defence And Space Technologies Limited IPO

To Check Allotment Status for Paras Defence And Space Technologies Limited IPO click on this link linkintime.co.in/MIPO/Ipoallotment.html.

Details of the Paras Defence And Space Technologies Limited IPO:

  • Issue Amount: Upto ₹170.78 Cr (Fresh Issue - 140.60 Cr & 30.18 Cr Offer For Sale)
  • Face Value : ₹10 per share
  • Price Band : ₹165 to ₹175
  • Lot Size : 85 shares

Important dates for Paras Defence And Space Technologies Limited IPO:

  • IPO Open: Tuesday, September 21, 2021
  • IPO Close: Thursday, September 23, 2021
  • Finalization of basis of allotment: 28 September 2021
  • Refunds/Unblocking ASBA fund: 29 September 2021
  • Credit of equity shares to DP account: 30 September 2021
  • Trading commences: 01 October 2021

Paras Defence And Space Technologies Limited IPO Subscription on 23rd September 2021:

The Paras Defence And Space Technologies Limited IPO is subscribed 304.26 times on 23rd Sept 2021 17:00 pm
  • Qualified Institutional Buyers (QIB) - 169.65 times Subscribed
  • Retail Individual Investors (RII) - 112.81 times Subscribed
  • Non Institutional investors (NII) - 927.70 times Subscribed

Company background:

Paras Defence and Space Technologies Ltd. (PDSTL) is an Indian private sector company engaged in designing, developing, manufacturing and testing a wide range of defence and space engineering products and solutions. It is one of the leading 'Indigenously Designed Developed and Manufactured' ("IDDM") category private sector companies in India, which caters to four major segments of the Indian defence sector i.e. defence and space optics, defence electronics, electro-magnetic pulse ("EMP") protection solution and heavy engineering. (Source F&S Report). PDSTL is also the sole Indian supplier of critical imaging components such as large size optics and diffractive gratings for space applications in India (Source F&S Report). Its 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. Its defence and space optics operations include manufacturing high precision optics for defence and space applications such as thermal imaging and space imaging systems. Its defence electronics operations include providing a wide array of high-performance computing and electronic systems for defence applications, including subsystems for border defence, missiles, tanks and naval applications. 
The company has two manufacturing facilities in Maharashtra, located at Nerul in Navi Mumbai and Ambernath in Thane.

Financial Details of Paras Defence And Space Technologies Limited IPO:

Paras Defence And Space Technologies Limited IPO

Purpose of Paras Defence And Space Technologies Limited IPO:

  • Fund for capital expenditure requirements.
  • Repayment or prepayment of all or a portion of certain borrowings/outstanding loan facilities availed by the company.
  • General Corporate purposes.

Grey Market Premium Paras Defence And Space Technologies Limited IPO:

On 23rd September 2021, Paras Defence And Space Technologies Limited share's premium is around Rs. 220 in the grey market. which is around 131% to its Issue price of Rs. 175/-.

Disclaimer : This article is for educational purpose only and does not provide any buy or sell recommendation
Location: Delhi, India

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