Tag: Indian Market
The Paras Defence and Space Technologies IPO market lot size was 85 shares with a price brand of Rs. 165-175 per share. A retail-individual investor can apply for up to 13 lots (1105 shares or ₹193,375).The face value for each share is Rs. 10 per share and is listed on both BSE and NSE.
Paras Defence IPO Shares offer:
| Category | Share offers | Amount (Rs.) |
| Fresh Issue | 80,34,286 | 140.60 Cr. |
| Offer for sale | 1,724,490 | 30.18 Cr. |
| Total | 97,58,776 | 170.78 Cr. |
Paras Defence IPO Reservation:
| Category | Reservation | Share | Amount |
| QIB | 50% | 48,79,388 | 85.39 Cr. |
| NII | 15% | 14,63,816 | 25.62 Cr. |
| RII | 35% | 34,15,572 | 59.77 Cr. |
| Total | 100% | 97,58,776 | 170.78 Cr. |
Objects of the Issue:
- Fund capital expenditure requirements.
- Funding incremental working capital requirements.
- Repayment or prepayment of all or a portion of certain borrowings/outstanding loan facilities availed by the company.
- General Corporate purposes.
Summary of Financial Statement (Restated Consolidated)
| 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 |
Paras Defence and Space Technologies IPO Subscription Status (Bidding Detail)
The Paras Defence and Space Technologies IPO was subscribed 304.26 times on Sep 23, 2021. The quota reserved for qualified institutional buyers category was subscribed about 170 times, the non-institutional investors’ quota 927.70 times and retail individual investors’ (RIIs) portion 113 times.
Paras Defence and Space Technologies shares had a blockbuster debut on the bourses on October 1, rising 185 percent to Rs 498.75 from its issue price of Rs 175 on the BSE. Since it was a 5 percent rise from the opening price of Rs 475, the share got locked in upper circuit.
Company Profile
Paras Defence and Space Technologies are primarily engaged in the designing, developing, manufacturing, and testing of a variety of defense 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 defense and space programs. The company also delivers customized turnkey projects in the defense segment. The company has partnered with some of the leading technology companies around the world to indigenize advanced technologies in the defense 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.
(Source: https://parasdefence.com/,)
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