Paras Defence and Space Technologies IPO

IPO Status: Closed [21st Sep 2021 to 23rd Sep 2021]

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Paras Defence and Space Technologies IPO Details

Paras Defence and Space Technologies IPO of Rs. 170.78 Cr comprising a fresh issue of Rs. 140.60 Cr and offer for sale of 30.18 Cr to hit the market soon. The IPO opens for subscription from 21-23 September 2021. The price band is fixed at Rs. 165-175 and bids can be applied for 85 shares and its multiple. Stay updated with us to know more about the price band, lot size, minimum order amount, business overview, company financials, and more.

IPO Issue Opening Date: 21st Sep 2021
IPO Issue Closing Date: 23rd Sep 2021
IPO Issue Price: ₹165-175
IPO Listing At: BSE, NSE
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹170.78 Cr
Offer for Sale: 1,724,490 equity shares at ₹165-175 per share [Aggregating upto ₹30.18 Cr]
Fresh Issue: ₹140.60 Cr.
Face Value: ₹10 Per Equity Share
IPO Discount: NA
Market Lot: 85 Shares
Min Retail Qty: 85 shares (1 lot)
Max Retail Qty: 1105 shares (13 lots)
Promoter Holding Pre IPO: 79.4%
Promoter Holding Post IPO: 59.71%
NSE Code: PDSTL
IPO Live GMPIPO Live GMP

About Company - Paras Defence and Space Technologies

Paras Defence and Space Technologies Ltd is one of the leading Indigenously Designed Developed and Manufactured (IDDM) companies. The private sector company is engaged in designing, developing, manufacturing, and testing of defence and space engineering products & solutions. It is also the only Indian supplier of critical imaging components for space applications.

The company caters to various market segments i.e. defence and space optics, defence electronics, electro-magnetic pulse protection, heavy engineering for defence and niche technologies. The firm currently owns 2 manufacturing units in Maharashtra located in Navi Mumbai and Ambernath in Thane.

The business generates most of the revenue from contracts with the government entities such as Bharat Electronics Ltd, Hindustan Aeronautics Ltd, Bharat Dynamics Ltd, Hindustan Shipyard Ltd, Tata Consultancy Ltd, Solar Industries India Ltd, and others.

Incorporation Sector IPO Issue Size Website
2009 Defence ₹170.78 Cr http://www.parasdefence.com/

Paras Defence and Space Technologies IPO Objective

  1. To purchase machinery and equipment.
  2. To finance incremental working capital requirements.
  3. To make repayment or prepayment of the company's borrowings fully or partially.
  4. To meet general corporate purposes.

Paras Defence and Space Technologies IPO Important Dates

In this section we have covered all important dates related to Paras Defence and Space Technologies IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Paras Defence and Space Technologies IPO important dates
IPO Activity Date
IPO Issue Open 21st Sep 2021
IPO Issue Close 23rd Sep 2021
Basis of Allotment Finalisation Date* 28th Sep 2021
Refunds Initiation* 29th Sep 2021
Credit of Shares to Demat Account* 30th Sep 2021
IPO Listing Date* 1st Oct 2021

* - Tentative Dates

Paras Defence and Space Technologies IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 2,017,941 Shares
  • Non-Institutional Investors: 1,536,856 Shares
  • Retail Individual Investor: 3,585,996 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered2,017,9411,536,8563,585,9967,140,793
121st Sep 2021 17:020.01x3.77x31.36x16.57x
222nd Sep 2021 17:021.67x26.32x68.57x40.57x
323rd Sep 2021 17:02169.65x927.70x112.81x304.26x

Paras Defence and Space Technologies Financials for past 3 Years

Past performance and financial results of Paras Defence and Space Technologies.

Paras Defence and Space Technologies financial
Paras Defence and Space Technologies Financials 31-Mar-2021 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹362.76 Cr ₹342.39 Cr ₹329.75 Cr ₹256.80 Cr
Total Income ₹144.61 Cr ₹149.05 Cr ₹157.12 Cr ₹152.53 Cr
Net Profit/Loss ₹15.79 Cr ₹19.66 Cr ₹18.97 Cr ₹25.08 Cr

Paras Defence and Space Technologies IPO Strengths

  • Wide range of defence and space applications products and solutions.
  • One of the players in high precision optics manufacturing for the space and defence sector in India.
  • Strong R&D capabilities with a focus on Innovation.
  • A strong relationship with a diversified customer base and experienced managerial team.

Paras Defence and Space Technologies IPO Threats/Weaknesses

  • Shutdown or slowdown of manufacturing operations may adversely affect financial performance.
  • A significant portion of revenue is dependent on a limited number of customers.
  • Extreme revenue dependency on contracts from GoI and associated entities, thus, loss of any contract may materially affect financials.

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  NRI Form ⇒

Paras Defence and Space Technologies IPO DRHP >>Document

Paras Defence and Space Technologies IPO RHP >>Document

Paras Defence and Space Technologies IPO Allotment Status >>Paras Defence and Space Technologies IPO Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Paras Defence and Space Technologies Limited
D-112, TTC Industrial Area, MIDC, Nerul
Navi Mumbai,Maharashtra-400 706
India
Website: http://www.parasdefence.com/
Phone: +91 9820 974 974
Email: [email protected]

Paras Defence and Space Technologies IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: http://www.linkintime.co.in
Phone: +91-22-4918 6270
Email: [email protected]

Paras Defence and Space Technologies IPO Lead Manager

  1. Anand Rathi Securities Limited
Paras Defence and Space Technologies IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Paras Defence and Space Technologies? Should I apply in Paras Defence and Space Technologies IPO?

Last Updated on 2021-09-18T08:10:05+00:00

Paras Defence and Space Technologies IPO FAQs

  1. 1. How to subscribe Paras Defence and Space Technologies IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Paras Defence and Space Technologies IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Paras Defence and Space Technologies IPO with Zerodha.

    Alternate approch to apply in Paras Defence and Space Technologies IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

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  2. 2. How to apply in Paras Defence and Space Technologies IPO online?

    Apply in Paras Defence and Space Technologies IPO online

    To subscribe or apply in Paras Defence and Space Technologies IPO, you can use the following methods:

    Paras Defence and Space Technologies IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Paras Defence and Space Technologies IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Paras Defence and Space Technologies IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Paras Defence and Space Technologies IPO. Most of the Syndicate Banks provide access to apply in Paras Defence and Space Technologies IPO via ASBA process. You must have your net banking access, DP ID information to apply in Paras Defence and Space Technologies IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Paras Defence and Space Technologies IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

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  3. 3. How to download online application form for Paras Defence and Space Technologies IPO?

    Applying in Paras Defence and Space Technologies IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Paras Defence and Space Technologies IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Paras Defence and Space Technologies IPO, please refer article >> Link

    Paras Defence and Space Technologies IPO Review and Important Updates

    Steps to download the online application form for Paras Defence and Space Technologies IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 85 and max 1105 shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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  4. 4. What is the listing date of Paras Defence and Space Technologies IPO?

    Paras Defence and Space Technologies IPO is going to be list on 01-10-2021. NSE Code for Paras Defence and Space Technologies is PDSTL.

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  5. 5. When Paras Defence and Space Technologies IPO will be allocated?

    Paras Defence and Space Technologies IPO Allotment Date is 28-09-2021.

    Other relevant questions:

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User Comments

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5. NAMITA BAJPAI  9/14/2021 3:47:00 AM Reply
Paras Defence and Space Technologies IPO expected listing gain.
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4. Riddhi Garg  9/14/2021 3:47:00 AM Reply
Please confirm Paras Defence and Space Technologies IPO GMP (grey market premium) and kostak.
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3. Achintya  9/14/2021 3:47:00 AM Reply
Paras Defence and Space Technologies IPO good or bad.
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2. Narmada Dei  9/14/2021 3:47:00 AM Reply
Paras Defence and Space Technologies IPO whether to invest or not.
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1. Tejinder Pal Singh  9/14/2021 3:47:00 AM Reply
Paras Defence and Space Technologies IPO - CRISIL Rating, Apply or not?.






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