Paras Defence And Space Technologies Limited IPO (Paras Defence and Space Technologies IPO)

Paras Defence and Space Technologies IPO
Upcoming Paras Defence and Space Technologies IPO | New Paras Defence and Space Technologies IPO

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.

Paras Defence IPO

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

ParticularsFor the year/period ended (₹ in millions)
31-Mar-2131-Mar-2031-Mar-19
Total Assets3,627.583,423.863,297.48
Total Revenue1,446.071,490.511,571.69
Profit After Tax157.86196.57189.70

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
Object Of The Issue

Paras Defence IPO – Tentative Details

IPO Opening Date21 September 2021
IPO Closing Date23 September 2021
Issue TypeBook Built Issue IPO
Issue Size179.78 Cr
Face Value₹10 per equity share
IPO Price[165] To [175] Per Equity Share
Market Lot85 Shares
Min Order Quantity85 Shares
Listing AtBSE, NSE
Total Share Issue
RegisterLinkInTime India Private Ltd

Paras Defence IPO – Tentative Timetable

IPO Open Date21 September 2021
IPO Close Date23 September 2021
Basis of Allotment Date28 September 2021
Initiation of Refunds29 September 2021
Credit of Shares to Demat Account30 September 2021
IPO Listing Date01 September 2021

Paras Defence IPO – Tentative Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Minimum18514,875
Maximum1311051,93.375

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
Websitewww.parasdefence.com

Paras Defence IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: Parasdefence.ipo@linkintime.co.in
Websitehttp://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].

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