Paras Defence And Space Technologies IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 21 Sep 2021 - 23 Sep 2021
Issue Size ₹170.78 Cr
Issue Price ₹165-175
Market Lot 85 Shares
Shares on Offer 1,724,490
Registrar Link Intime
GMP ₹250-260
Kostak ₹250
Subject to Sauda ₹15500
Listing Date 01 Oct 2021
Listing Price N/A
Listing Gain% N/A

About Paras Defence And Space Technologies Limited

Paras offers a wide range of Products & Solutions for Defence & Space Applications. With focus on Defence & Space Sector they have five verticals of their business, namely Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions and Niche Technologies.

With over 40+ years of sustained business growth in the area of Defence & Space Engineering, We are involved in Technologies for Rocket & Missiles, Space & Space Research, Naval Systems, Land & Armoured Vehicles, Electronic Warfare & Surveillance, ElectroMagnetic Shielding to name a few.

Paras has state-of-the-art manufacturing setup with 400+ workforce and having capabilities to offer a Turnkey Solution from Design to Commissioning of Small to Large Systems. Our focus on Technology Development & R&D distinguishes us as a True IDDM company in the Indian Defence Industry. We have a vibrant team working on developing future technologies and providing cutting edge solutions for their Customers.

Quality Products, Delivered at the Right Time and at the most Competitive Price is their business strategy. This has made us as one of the most dependable partners of their Customers. Strong Fundamentals, Impeccable Business Ethics & Customer Centric Approach are the pillars of their business as they aim to become the most significant Indian Company in the Defence & Space Sector.

Company Promoters

Sharad Virji Shah and Munjal Sharad Shah are the company promoters.

Company Financials

Particulars 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets (In ₹ Millions) 3,627.58 3,423.86 3,297.48
Total Revenue (In ₹ Millions) 1,446.07 1,490.51 1,571.69
Profit After Tax (PAT) (In ₹ Millions) 157.86 196.57 189.70

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
24 Sep 2021 ₹250-260 ₹250 ₹15500
22 Sep 2021 ₹250-260 ₹300 ₹12000-14000
21 Sep 2021 ₹205-210 ₹250 ₹12000
17 Sep 2021 ₹35-38 ₹400 ₹2600-2800

Strengths & Weaknesses

Strength
Weakness

Paras Defence And Space Technologies Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 21 Sep 2021 0.01 3.77 31.36 16.57
Day 2 - 22 Sep 2021 1.67 26.32 68.57 40.57
Day 3 - 23 Sep 2021 169.65 927.70 112.81 304.26

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Paras Defence And Space Technologies Limited IPO FAQs

  1. When will Paras Defence And Space Technologies Limited IPO open?

    Paras Defence And Space Technologies Limited IPO will open on 21 Sep 2021 and close on 23 Sep 2021.

  2. What is the listing date of Paras Defence And Space Technologies Limited IPO?

    Paras Defence And Space Technologies Limited IPO will list on 01 Oct 2021.

  3. What is the offer price of Paras Defence And Space Technologies Limited IPO?

    The offer price of Paras Defence And Space Technologies Limited IPO is ₹165-175.

  4. What is the lot size of Paras Defence And Space Technologies Limited IPO?

    The lot size of Paras Defence And Space Technologies Limited IPO is 85.

  5. What is the Grey Market Premium (GMP) price of Paras Defence And Space Technologies Limited IPO?

    The Grey Market Premium (GMP) price of Paras Defence And Space Technologies Limited IPO is ₹250-260.

  6. What is the Kostak price of Paras Defence And Space Technologies Limited IPO?

    The Kostak price of Paras Defence And Space Technologies Limited IPO is ₹250.

  7. What is the Subject to Sauda price for Paras Defence And Space Technologies Limited IPO?

    The Subject to Sauda price for Paras Defence And Space Technologies Limited IPO is ₹15500.

Paras Defence And Space Technologies Limited IPO Review/Comments

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