IPO

Paras Defence and Space Technologies Ltd IPO

Mainboard

Defence

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

₹ 14875 /85 Shares

Check Allotment

21 Sep, 2021

Open Date

23 Sep, 2021

Close Date

28 Sep, 2021

Allotment Date

01 Oct, 2021

Listing Date
Price Summary

Last Closing

640.00 (265.71%)

52 Week High

972.50

52 Week Low

404.70

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹165-175 per equity share
  • Face Value ₹10 Per Equity Share 
  • Issue Price 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)
  • Listing at BSE, NSE
  • List Price 469.0(NSE)
  • Listing Date 2021-10-01
  • Lead Manager Anand Rathi Securities Limited
  • Registrar Link Intime India Private Ltd
IPO Details
  • Retail Portion 35% (Number of Retail Applications : 40,183)
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹165-175 per equity share, which has a face value of ₹10 Per Equity Share  each, IPO bidding starts from Sep 21, 2021 and ends on Sep 23, 2021. The allotment for IPO will be finalized on Sep 28, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 1, 2021. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are Anand Rathi Securities Limited.


The IPO sets its price band at 165-175 for each share. A single application for Paras Defence and Space Technologies Ltd IPO must contain at least 85 shares.

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IPO Subscription Analysis And Details
Retail
112.81x
QIB
169.65x
NII
927.70x
Total
304.26x
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
Subscription on the basis of Applications
89.98
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
In Crs.
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 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.

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- Promoter(s)

Sharad Virji Shah

Munjal Sharad Shah

Pre Issue Share Holding : 79.40%

Post Issue Share Holding : 59.71%

IPO - Issue Objectives
1

Fund capital expenditure requirements.

2

Funding incremental working capital requirements.

3

Repayment or prepayment of all or a portion of certain borrowings/outstanding loan facilities availed by the company.

4

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.