Paras Defence and Space Technologies IPO – Review, Allotment, Subscription, GMP & RHPLast Updated Date: Apr 29, 2022
Let’s have a detailed review of the company and analytics of the Paras Defence and Space Technologies IPO release date, IPO offer price, subscription, Paras Defence IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
|Face Value||Rs 10|
|Price Band||Rs 165 to Rs 175|
|Listing At||BSE, NSE|
|Min. Order Quantity||85 Shares|
|Listing Date||Oct 1, 2021|
|Offer for Sale||Rs 301.80 Million|
|Fresh Issue||Rs 1,406 Million|
|IPO Size||Rs 1,707.80 Million|
Paras Defence IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Paras Defence and Space Technologies IPO – Summary
They are an Indian private sector company engaged in designing, developing, manufacturing and testing a wide range of defence and space engineering products and solutions.
The company 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.
They are also the sole Indian supplier of critical imaging components such as large size optics and diffractive gratings for space applications in India. Their goal is to become one of the leading global companies for optics for the defence and space sector.
The Promoters of this company are SHARAD VIRJI SHAH AND MUNJAL SHARAD SHAH. The lead manager to the issue is Anand Rathi Advisors Limited, and the Registrar to this issue is Link Intime India Private Limited.
Paras Defence and Space Technologies IPO Date
The opening and the closing date of the IPO of Paras Defence and Space Technologies is September 21, 2021, and September 23, 2021, respectively.
Check out Related IPO Links:
|Paras Defence & Space IPO GMP|
|Allotment of Paras Defence & Space IPO|
Paras Defence and Space Tech IPO Subscription
|Day / Date||QIB||NII||RII||Total Subscription|
|1st Day – 21 Sep||0.01x||3.77x||31.36x||16.57x|
|2nd Day – 22 Sep||1.67x||26.32x||68.57x||40.57x|
|3rd Day – 23 Sep||169.65x||927.70x||112.81x||304.26x|
|Shares Offered or Net Issue||2,017,941||1,536,856||3,585,996||7,140,793|
The shares subscribed by the public will be updated here.
Paras Defence and Space Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Paras Defence and Space Technologies IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
|Basis of Allotment Finalization||Sep 28, 2021|
|Refunds Initiation||Sep 29, 2021|
|Credit of Shares to Demat Account||Sep 30, 2021|
|Share Listing Date||Oct 1, 2021|
Paras Defence and Space Technologies IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 165 to Rs 175
Paras Defence and Space Technologies IPO Equity Size
This Initial Public Issue of [●] Equity Shares of Rs.10 each for cash at a price of Rs 165 to Rs 175 per equity share aggregating to Rs.[●] million.
Paras Defence and Space Technologies IPO Share Offering
Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company, aggregating to Rs.1,406 million
Issue Size: [●] Equity Shares of Rs.10 each, aggregating to Rs.1,707.80 million
Offer for Sale: Offer for sale consists of Up to 1,724,490 Equity Shares of the face value of Rs.10 each.
Paras Defence and Space Technologies IPO – Live Performance
The listing date of this IPO is Oct 1, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
|Live IPO Performance – Paras Defence and Space Technologies Share Price|
Paras Defence and Space Technologies IPO Grey Market Premium
The Paras Defence and Space Technologies IPO Grey Market Premium price are Rs 220, the Kostak rate is Rs 0 and the Subject to Sauda is Rs 0.
Paras Defence and Space Technologies IPO – Company Overview
They have five principal categories of product offerings: defence and space optics, defence electronics, EMP protection, heavy engineering for defence and niche technologies. Their defence and space optics operations include manufacturing high precision optics for defence and space applications such as thermal imaging and space imaging systems.
They are one of the leading providers of optics for various Indian defence and space programmes, and the only Indian company with the design capability for space-optics and optomechanical assemblies.
Their 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.
Paras Defence and Space Technologies IPO Business Verticals
They have two manufacturing facilities in Maharashtra, located at Nerul in Navi Mumbai and Ambernath in Thane.
Their Nerul facility is an advanced nanotechnology machining centre for producing high-quality optics and ultra-precision components. Their Nerul facility is engaged in the manufacturing of Optics, Design, Development, Manufacturing and Integration of Electronics and EMP protection products and solutions.
Ambernath facility is engaged in manufacturing of heavy engineering products such as flow-formed motor tubes, vacuum brazed cold plates, titanium structures and assemblies, large and heavy dynamic structures with built-in automation for strategic applications, indigenously designed and manufactured flow-forming machines and mechanical racks, cabinets and consoles for various defence applications.
Paras Defence and Space Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
|Amount (in INR & million)|
|Profit After Tax||157.86||196.57||189.70|
Earnings per Equity Share (in million)
|Basic & Diluted||5.55||6 .92||6.75|
Paras Defence and Space Tech IPO – Promoters
The Promoters of this company are:
- SHARAD VIRJI SHAH AND
- MUNJAL SHARAD SHAH
List of Related Parties (Key Managerial Personnel)
- Sharad Virji Shah, Chairman and Non-Executive Director
- Munjal Sharad Shah, Managing Director
- Shilpa Amit Mahajan, Whole-Time Director
- Sunil Kumar Sharma, Independent Director
- Manmohan Handa, Independent Director
- Hina Gokhale, Independent Director
Paras Defence IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Equity Shares Offered||Up to [●] Equity Shares aggregating up to Rs.1,707.80 million|
|Fresh Issue||Up to [●] Equity Shares aggregating up to Rs.1,406|
|Offer for Sale||Up to 1,724,490 Equity Shares aggregating up to Rs.301.80 million|
|QIB Portion||Not less than [●] Equity Shares|
|Non-Institutional Portion||Not more than [●] Equity Shares|
|Retail Portion||Not more than [●] Equity Shares|
|Equity Shares outstanding prior to the Issue||30,965,775 Equity Shares|
|Equity Shares outstanding after the Issue||[●] Equity Shares|
Paras Defence IPO Issue Object
The Net Proceeds from the Fresh Issue are proposed to be utilised in the following manner:
1. Purchase of machinery and equipment;
2. Funding incremental working capital requirements of their Company;
3. Repayment or prepayment of all or a portion of certain borrowings/outstanding loan facilities availed by their Company; and
4. General corporate purposes.
Paras Defence IPO – Business strategies
- Expansion of their production capacity
- Strengthen their foothold in India’s expanding market
- Continue to focus on R&D
- Diversify their products and solutions range, with a focus on growth by expansion into opportunistic areas
- Increasing their reach in the international market
Paras Defence IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Wide range of products and solutions for both defence and space applications;
- One of the few players in high precision optics manufacturing for space and defence application in India;
- Strong R&D capabilities with a focus on innovation;
- Well-positioned to benefit from the Government’s “Atmanirbhar Bharat” and “Make in India” initiatives;
- Strong relationships with a diverse customer base; and
- Experienced management team.
The relevant quantitative factors are:
|Basic & Diluted EPS||RONW (%)||NAV (Rs.)|
Paras Defence IPO: Competitive Peers
Their company does not have any listed industry peers in India.
Paras Defence Space Technologies IPO Lead Managers
|Anand Rathi Advisors Limited|
10th Floor, Trade Tower D, Kamala City
Senapati Bapat Marg, Lower Parel
Mumbai 400 013
Tel: +91 22 6626 6666
Investor Grievance E-mail: email@example.com
Contact Person: Astha Daga
SEBI Registration No.: INM000010478
Paras Defence IPO Registrar to offer
|Registrar to the Offer|
|Link Intime India Private Limited|
C-101, 1st Floor
247 Park, L.B.S Marg, Vikhroli (West)
Mumbai 400 083
Tel: +91 22 4918 6200
Investor grievance E-mail: Parasdefence.firstname.lastname@example.org
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Paras Defence IPO – Other Details
- Statutory Auditor – Chaturvedi & Shah LLP
- Legal Counsel to the Company – Cyril Amarchand Mangaldas
- Bankers to the Company – NKGSB Co-operative Bank Limited, Kotak Mahindra Bank Limited
Paras Defence and Space IPO Review by Stock Brokers
|Top Stock Brokers Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promoters Reputation|
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Paras Defence and Space Technologies IPO Review FAQs
Ques – What is the Issue Size of Paras Defence and Space Technologies IPO?
Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Paras Defence and Space Technologies IPO?
Answer – The price band for this particular IPO ranges between Rs 165 to Rs 175. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Paras Defence and Space Technologies IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on September 21, 2021, while the closing date is set at September 23, 2021.
Ques – What is the Paras Defence and Space Technologies IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 28, 2021, refund initiation is on Sep 29, 2021, credit of shares is on Sep 30, 2021, and share listing date is on Oct 1, 2021.
Ques – What is the Paras Defence and Space Technologies IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Oct 1, 2021. The date, when the listing would be done, is stagnant on Oct 1, 2021.
Ques – Who is the Registrar of Paras Defence and Space Technologies IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Paras Defence and Space Technologies IPO?
Answer – Here are the promoters of this IPO – SHARAD VIRJI SHAH AND MUNJAL SHARAD SHAH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Paras Defence and Space Technologies IPO?
Answer – We have obtained the GMP of this IPO and it is Rs 220. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Paras Defence and Space Technologies IPO good for Investment?
Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Paras Defence and Space Technologies Company?
Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 157.86, 2020 is 196.57, 2019 is 189.70.
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