Monday, September 20, 2021

Paras Defence IPO Date, Review, Price, Form & Market Lot Details

Paras Defence and Space Technologies Limited IPO to hit the market on 21 September as per the RHP documents filed with SEBI. The Paras Defence IPO comprises ₹140.6 crore of fresh issue and the offer for sale up to 1,724,490 equity shares of ₹10. The IPO to close on 23 September. The company might list on the indices on 1 October.

Paras Defence and Space Technologies is India's most progressive Tier 2 defence engineering company. The offer wide range of defence products and solutions. They are the only manufacturer of Infrared Optics in large quantities in India. They are contributing prestigious Defence & Space Programs of our country. They are involved in five verticals namely Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions and Niche Technologies. Check out Paras Defence IPO details.

The Expected Subscription for the Paras Defence IPO might be 150x in Retail and 500x in NII.

Important Details:

  • 40+ Years of sustained business growth in Defence & Space Engineering area
  • Only manufacturer of Infrared Optics in large quantities in India
  • Manufacturing setup with 400+ workforce
  • IPO funds will be utilized to buy machinery and equipment, working capitals, reply of borrowings and general corporate purposes

Customer List has big names: Isro, Defence R&D Organization, Bharat Electronics, Cochin Shipyard, Hindustan Aeronautics Limited, Garden Reach Shipbuilders & Engineers, Bharat Dynamics Ltd, BrahMos, CSIR NAL, Electronics Corporation of India Limited, Goshi, Goa Shipyard, Hindustan Shipyard Limited, iia, Indian Institute of Astrophysics, Mado, Mazagon Dock Shipbuilders Ltd, National Physical Laboratory, Ordnance Factory Board, Sameer, Israel Aerospace Industries, Elbit Systems, Rafael Advanced Defense Systems, STELOP, L3 MAPPS, Safran, Chaban Group, Advanced Mechanical and Optical Systems, TAE YOUNG OPTICS, Alpha Design Technologies, Godrej & Boyce, Kirloskar Group, L & T, MKU, Premier Explosives Limited, Solar, Solar Industries, Tata Consultancy Services, TATA Power, ASTRA RAFAEL COMSYS PVT LTD.

Paras Defence and Space Technologies Limited


    Paras Defence IPO Review

    • Apply with Short Term & Long Term View

    Brokerage Firm IPO Reviews

    • Axis Bank: Neutral
    • Capital Market: May Apply 
    • Choice Broking: Apply
    • Hem Securities: Apply
    • JM Financial: Neutral
    • Reliance Securities: Neutral
    • Religare Broking: Neutral

    Paras Defence IPO Date & Price Band

     IPO Open:  21 September 2021
     IPO Close:  23 September 2021
     IPO Size:  Approx ₹170.78 Crores
     Fresh Issue:  Approx ₹140.60 Crores
     Offer for Sale:  Approx ₹30.18 Crores (1,724,490 Eq. Shares)
     Face Value:  ₹10 Per Equity Share
     Price Band:  ₹165 to ₹175 Per Share
     Listing on:  BSE & NSE
     Retail Portion:  35%
     QIB Portion:  50%
     NII Portion:  15%
     Discount:  ₹- per equity share for Employees
     DRHP Draft Prospectus:  Click Here
     DRHP Draft Prospectus:  Click Here

    Paras Defence IPO Market Lot

    The Paras Defence IPO minimum market lot is 85 shares with ₹14,875 application amount. The retail investors can apply up-to 13 lots, 1105 shares with ₹1,93,375 application amount.
     Minimum Lot Size:  Minimum 85 Shares for 1 lot
     Minimum Amount:  ₹14,875 for 1 lot
     Maximum Lot Size:  Maximum 1105 Shares for 13 lot
     Maximum Amount:  ₹1,93,375 for 13 lot

    Paras Defence IPO Date, Time Table, Allotment & Listing

    The Paras Defence IPO date is 21 September 2021 and the IPO close date is 23 September 2021. The allotment date is 28 September 2021 and the IPO may list on 01 October 2021.
     Price Band Announcement:  15 September 2021
     Anchor Investors Allotment:  20 September 2021
     IPO Open Date:  21 September 2021
     IPO Close Date:  23 September 2021
     Basis of Allotment:  28 September 2021
     Refunds:  29 September 2021
     Credit to Demat Account:  30 September 2021
     IPO Listing Date:  1 October 2021

    Paras Defence IPO Form

    How to apply the Paras Defence IPO? You can apply Paras Defence IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Paras Defence IPO in the Invest section. The other option you can apply Paras Defence IPO via IPO forms download via NSE and BSE. Check out the Paras Defence forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.


    Paras Defence Company Financial Report

      ₹ in Crores

    Assets Revenue Expense PAT
    2019 ₹330 ₹157 ₹130 ₹18.97
    2020 ₹342 ₹148 ₹127 ₹19.66
    2021
    ₹363 ₹145 ₹122 ₹15.79

    Company Promoters

    • Sharad Virji Shah
    • Munjal Sharad Shah

    Paras Defence IPO Registrar

    Link Intime India Private Limited
    C-101, 1 st Floor
    247 Park, L.B.S Marg, Vikhroli (West)
    Mumbai 400 083
    Maharashtra, India
    Tel: +91 22 4918 6200
    E-mail: parasdefence.ipo @linkintime.co.in
    Investor grievance E-mail: parasdefence.ipo@linkintime.co.in
    Contact Person: Shanti Gopalkrishnan
    Website: www.linkintime.co.in
    SEBI Registration No.: INR000004058
    Note: Check Paras Defence IPO allotment status on Linkintime website allotment URL. Click Here

    Paras Defence IPO Lead Managers

    • Anand Rathi Advisors Limited

      Company Address

      Paras Defence & Space Technologies Ltd
      D-112, TTC Industrial Area,
      MIDC, Nerul, Navi Mumbai - 400 706
      Maharashtra, India
      Tel: +91 22 6919 9999
      Contact Person: Ajit Sharma
      Company Secretary and Compliance Officer
      Tel: +91 22 6919 9999
      E-mail: ir@parasdefence.com
      Website: www.parasdefence.com
      Corporate Identity Number: U29253MH2009PLC193352

      Paras Defence IPO FAQs


      What is Paras Defence IPO?

      Paras Defence IPO is a main-board IPO. They are going to raise ₹170.78 Crores via IPO. The issue is priced at ₹165 to ₹175 per equity share. The IPO to be listed on BSE & NSE.

      When Paras Defence IPO will open?

      The IPO is to open on 21 September 2021 for QIB, NII, and Retail Investors.

      What is Paras Defence IPO Investors Portion?

      The investors' portion for QIB 50%, NII 15%, and Retail 35%.

      How to Apply the Paras Defence IPO?

      You can apply Paras Defence IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

      How to Apply the Paras Defence IPO through Zerodha?

      Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name "Paras Defence Finance". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

      How to Apply the Paras Defence IPO through Upstox?

      Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name "Paras Defence Finance". Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve - mandate. Open Demat Account with Upstox.

      What is Paras Defence IPO Size?

      Paras Defence IPO size is ₹170.78 crores. The IPO comprises ₹140.60 crores of fresh issue and offer for sale of 1,724,490 equity shares.

      What is Paras Defence IPO Price Band?

      Paras Defence IPO Price Band is ₹165 to ₹175 per equity share.

      What is Paras Defence IPO Minimum and Maximum Lot Size?

      The minimum bid is 85 shares with ₹14,875 amount while maximum bid is 1105 shares with ₹1,93,375.

      What is Paras Defence IPO Allotment Date?

      Paras Defence IPO allotment date is 28 September 2021.

      What is Paras Defence IPO Listing Date?

      Paras Defence IPO listing date is 01 October 2021. The IPO to list on BSE and NSE.

      Note: The Paras Defence IPO details is announced officially. The IPO grey market premium (Paras Defence IPO Premium) is updated on their particular page. You can check our IPO grey market page for daily updates.)

      Open Demat Account