Paras Defense and Space Technologies are primarily involved in the design, development, production, and testing of a variety of space defense and engineering products. The company has five major product offerings – Defense & Space Optics, Defense Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies. Paras Defense and Space Technologies is the only Indian company capable of designing space-optics and opto-mechanical assemblies and is one of the leading optics providers of various Indian defense and space systems. The company also delivers turnkey-focused projects in the defense sector. The company has partnered with some of the world’s leading technology companies to develop advanced technology in the defense and space industry in the Indian market.
The company has two production facilities in Maharashtra and continues to expand its production facility in Nerul in Navi Mumbai.
Competitive Strengths
- Wide range of products and solutions offerings for defence and space applications.
- One of the few manufacturers of optics for space and defence application in India.
- Companies offerings are aligned with the “Atmanirbhar Bharat” and “Make in India” initiatives by the government.
- Strong R&D capabilities with a focus on innovation.
- Strong customer relationship with government arms and government organizations.
- Strong experienced management.
Company Promoters
Sharad Virji Shah and Munjal Sharad Shah are the company promoters.
Company Financials
| Particulars | For the year/period ended (₹ in millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 3,627.58 | 3,423.86 | 3,297.48 |
| Total Revenue | 1,446.07 | 1,490.51 | 1,571.69 |
| Profit After Tax | 157.86 | 196.57 | 189.70 |
Objects Of The Issue:
- Fund capital expenditure requirements of our Company.
- Funding incremental working capital requirements of our Company.
- Repayment or prepayment of all or a portion of certain borrowings/outstanding loan facilities availed by our Company.
- General Corporate purposes.
Paras Defence IPO – Tentative Details
| IPO Opening Date | 21 September 2021 |
| IPO Closing Date | 23 September 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 170.78 Cr |
| Face Value | ₹10 per equity share |
| IPO Price | [165] To [175] Per Equity Share |
| Market Lot | 85 Shares |
| Min Order Quantity | 85 Shares |
| Listing At | BSE, NSE |
| Total Share Issue | – |
| Register | LinkInTime India Private Ltd |
Paras Defence IPO – Tentative Timetable
| IPO Open Date | 21 September 2021 |
| IPO Close Date | 23 September 2021 |
| Basis of Allotment Date | 28 September 2021 |
| Initiation of Refunds | 29 September 2021 |
| Credit of Shares to Demat Account | 30 September 2021 |
| IPO Listing Date | 01 October 2021 |
Paras Defence IPO – Tentative Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 85 | 14,875 |
| Maximum | 13 | 1105 | 1,93,375 |
Company Contact Information
| Paras Defence And Space Technologies Limited D-112, TTC Industrial Area, MIDC, Nerul, Navi Mumbai 400 706, Phone: +91 9820 974 974 Email: ir@parasdefence.com Website: www.parasdefence.com |
Paras Defence IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: Parasdefence.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
Paras Defence IPO Lead Manager(s)
| 1. Anand Rathi Securities Limited |
Paras Defence IPO FAQs
| When Paras Defence IPO will open? The Paras Defence IPO dates are 21 September 2021 To 23 September 2021. |
| What is the lot size of Paras Defence IPO? Paras Defence IPO lot size and the minimum order quantity is 85 Shares. |
| How to apply for Paras Defence IPO? You can apply in Paras Defence IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. |
| When is Paras Defence IPO listing date? The Paras Defence IPO listing date is announced. The date of Paras Defence IPO listing is [01 OCT 2021]. |
