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 ValueRs 10
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs 1200 Million
IPO SizeRs Million
Tick Size1

Paras Defence IPO is listed at [●] premium. Check out the live share price by clicking on the below link.

Paras Defence and Space Technologies Share Price – Live Performance

Paras Defence and Space Technologies IPO – Summary

Paras Defence and Space Technologies IPO

They are an Indian private sector company engaged in designing, developing, manufacturing and testing of 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 company in India which caters to four major segments of 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 (Source F&S Report). Their goal is to become one of the leading global companies for optics for 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 IPO of Paras Defence and Space Technologies is not available yet.

Check out Related IPO Links:

Paras Defence & Space IPO GMP
Allotment of Paras Defence & Space IPO

Paras Defence and Space Tech IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

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
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Paras Defence and Space Technologies IPO Price Band / Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 


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.[●]  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.1200 million

Issue Size: [●] Equity Shares of Rs.10 each, aggregating to Rs.[●] million

Offer for Sale: Offer for sale consists of Up to 1,724,490 Equity Shares of face value of Rs.10 each.


Paras Defence and Space Technologies IPO – Live Performance

The listing date of this IPO is [●] . 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 is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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 opto-mechanical assemblies.

Their defence electronics operations include providing a wide array of high performance computing and electronic systems for defence applications, including sub systems 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 nano technology machining centre for producing high quality optics and ultra-precision components. Their Nerul facility is engaged in 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 business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & million)
30-Sep-2031-Mar-20Mar-1931-Mar-18
Total Assets3,525.473,423.863,297.482,568.01
*Total Revenue379.401 ,490.511,571.691,525.33
Total Expense382.001 ,272.591,303.581,221.20
Profit After Tax(1.39)1 96.57189.70250.80

Earnings per Equity Share (in million)

30-Sep-2031-Mar-20Mar-1931-Mar-18
Basic & Diluted(0.05)6 .926.758.99

Their current order book as of December 31, 2020 is ₹1,589.33 million. Consolidated total income was ₹ 379.40 million for the six-month period ended September 30, 2020, and ₹1,490.51 million, ₹1,571.69 million and ₹1,525.33 million for the fiscal years ended March 31, 2020, 2019 and 2018, respectively. Their consolidated profit after tax was ₹(1.39) million for the sixmonth period ended September 30, 2020, and ₹196.57 million, ₹189.70 million and ₹250.80 million for the fiscal years ended March 31, 2020, 2019 and 2018, respectively.


Paras Defence and Space Tech IPO – Promoters

The Promoters of this company are:

  1. SHARAD VIRJI SHAH AND
  2. MUNJAL SHARAD SHAH

List of Related Parties (Key Managerial Personnel)

  • Harsh Dhirendra Bhansali, Chief Financial Officer
  • Ajit Sharma, Company Secretary and Compliance Officer

Paras Defence IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to [●] Equity Shares aggregating up to Rs.[●] million
of which:
Fresh IssueUp to [●] Equity Shares aggregating up to Rs.1200
million
Offer for SaleUp to 1,724,490 Equity Shares aggregating up to Rs.[●] million
Of which:
QIB PortionNot less than [●] Equity Shares
Non-Institutional PortionNot more than [●] Equity Shares
Retail PortionNot more than [●] Equity Shares
 Equity Shares outstanding prior to the Issue28,413,177 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 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 EPSRONW (%)NAV (Rs.)
31-Mar-206.9215.03%46.03
31-Mar-196.7517.16%
31-Mar-188.9930.58%

Paras Defence IPO : Competitive Peers

Their Company does not have any listed industry peers in India.


Paras Defence Space Technologies IPO Lead Managers

Lead Managers
Anand Rathi Advisors Limited
10th Floor, Trade Tower D, Kamala City
Senapati Bapat Marg, Lower Parel
Mumbai 400 013
Maharashtra, India
Tel: +91 22 6626 6666
E-mail: paras.ipo@rathi.com
Investor Grievance E-mail: grievance.ecm@rathi.com
Contact Person: Astha Daga
Website: www.rathi.com
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
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

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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


Subscribe to Paras Defence & Space Tech IPO

    Fill the Details Below


    Paras Defence and Space Technologies IPO News

    News 1 – Paras Defence and Space Technologies IPO RHP Download

    Calculate your return on investment!


    Asset ClassROI (Rs.)Profit (Rs.)Profit (%)
    IPO
    Equity
    Savings
    Real Estate
    Gold
    Bonds
    Fixed Deposit
    Mutual Fund

    Market Guide


    Featured Topics

     

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    24 + 9 =

    Get 100% IPO Allotment Guarantee! Subscribe to IPO