Paras Defence And Space Technologies Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹220(125.71%)
Premium (ELP)
Paras Defence And Space Technologies Limited's completed its IPO journey with a successful listing on NSE, BSE on Oct 01, 2021. The public offering mobilized 97,58,776 Shares in total capital, comprising 80,34,286 Shares in fresh equity and ₹30.00 Cr in Offer for Sale shares from existing stakeholders.
The offering was conducted within the price band of ₹165 to ₹175, with minimum application lots of 85 shares. Investor participation during the Sep 21, 2021 to Sep 23, 2021 subscription window determined the final allocation pattern.
The basis of allotment was announced on Sep 28, 2021, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Paras Defence and Space Technologies is engaged in designing, developing, manufacturing, and testing a wide range of defence and space engineering products and solutions. The company operates across key areas such as defence and space optics, defence electronics, heavy engineering, electromagnetic pulse protection, and niche technologies, and is the only Indian company with in-house design capabilities for space optics and opto-mechanical assemblies. It plays an important role in Indian defence and space programs, delivers customized turnkey projects, and works with global technology partners to bring advanced solutions to the Indian market. The company operates two manufacturing facilities in Maharashtra and is expanding its plant at Nerul in Navi Mumbai.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Wide Defence & Space Offerings: Provides a broad range of products and solutions for defence and space applications.
- Specialized Optics Manufacturer: Among the few Indian companies making optics for defence and space use.
- Aligned with Government Initiatives: Supports “Atmanirbhar Bharat” and “Make in India” programs.
- Strong R&D: Focused on innovation and advanced research.
- Government Relationships: Maintains strong ties with government bodies and organizations.
- Experienced Management: Led by a skilled and seasoned leadership team.
NA
- Sharad Virji Shah
- Munjal Sharad Shah
Paras Defence And Space Technologies Limited
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