Paras Defence IPO

Paras Defence IPO description – The company is engaged in designing, developing, manufacturing and testing of a wide range of defence and space engineering products and solutions. It is one of the leading ‘Indigenously Designed Developed and Manufactured’ (IDDM) category private sector companies in India, which caters to four major segments of Indian defence sector i.e. Defence and space optics, Defence electronics, Electro-magnetic pulse (EMP) protection solution and Heavy engineering. It is also the sole Indian supplier of critical imaging components such as large size optics and diffractive gratings for space applications in India.

Paras is one of the leading providers of optics for various Indian defence and space programmes, and the only Indian company with the design capability for space-optics and opto-mechanical assemblies. Its defence electronics operations include providing a wide array of high performance computing and electronic systems for defence applications, including sub systems for border defence, missiles, tanks and naval applications. In EMP protection solutions, it offers designing, developing, manufacturing solutions for EMP Protection. It has the ability to undertake and deliver customized turnkey projects in the defence segment, especially in the defence electronics and EMP protection segments. It is among the few companies with specialized technology capabilities such as manufacturing EMP protection and the company is expected to be an integral stakeholder in a majority of future sourcing of defence and space optics and EMP protection solutions. Its heavy engineering operations involve providing heavy engineering products and solutions, such as components for rockets and missiles along with providing mechanical manufacturing support to other verticals.

It has two manufacturing facilities in Maharashtra, located at Nerul in Navi Mumbai and Ambernath in Thane. The Nerul facility is an advanced nano technology machining centre for producing high quality optics and ultra-precision components and is engaged in manufacturing of Optics, Design, Development, Manufacturing and Integration of Electronics and EMP protection products and solutions. The Ambernath facility is engaged in manufacturing of heavy engineering products such as flow-formed motor tubes, vacuum brazed cold plates, titanium structures and assemblies, large and heavy dynamic structures with built-in automation for strategic applications, indigenously designed and manufactured flow-forming machines and mechanical racks, cabinets and consoles for various defence applications.

Promoters of Paras Defence – Mr Sharad Virji Shah and Munjal Sharad Shah

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Paras Defence and Space Technologies offer details

Subscription Dates	21 – 23 September 2021
Price Band	INR165 – 175 per share
Fresh issue	INR140.6 crore
Offer For Sale	1,724,490 shares (INR28.45 – INR30.18 crore)
Total IPO size	INR169.05 – 170.78 crore
Minimum bid (lot size)	85 shares
Face Value	INR10 per share
Retail Allocation	35%
Listing On	NSE, BSE

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Paras Defence Financial Performance (in INR crore)

		FY2019	FY2020	FY2021
Revenue		157.2	149.0	144.6
Expenses		130.4	127.3	122.0
Net income		18.5	20.3	16.1
Margin (%)		11.8	13.6	11.1

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More about Paras Defence and Space Technologies Offer

Paras Defence Listing Estimate: Retail happy, HNIs on brink
Paras Defence IPO Allotment Status, 4 ways to check status
Paras Defence Public Offer Analysis: Should you invest?
Paras Defence IPO RHP
Paras Defence DRHP
Paras IPO Allotment Status

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Registrar of Paras Defence and Space Technologies Offer

Link Intime India Private Limited 
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

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Paras Defence Contact Details

Paras Defence and Space Technologies Limited
D-112, TTC Industrial Area, MIDC, Nerul, Navi Mumbai 400 706, Maharashtra
Phone: +91 22 6919 9999
Email: [email protected]
Website: www.parasdefence.com

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Valuation of Paras Defence and Space Technologies (as of FY2021)

Earnings Per Share (EPS): INR5.55
Price/Earnings (PE ratio): 29.73 – 31.53
Return on Net Worth (RONW): 9.12%
Net Asset Value (NAV): INR55.23 per share

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Paras Defence Offer GMP Daily Trend

Date	Paras Defence IPO GMP	Kostak	Subject to Sauda
30 September 2021	INR230	–	–
29 September 2021	INR230	–	–
28 September 2021	INR250	INR260	INR12,000
27 September 2021	INR270	INR300	INR13,000
25 September 2021	INR250	INR280	INR12,000
24 September 2021	INR250	INR250	INR12,000
23 September 2021	INR230	INR250	INR10,000
22 September 2021	INR250	INR300	INR11,000
21 September 2021	INR200	INR280	INR8,300
20 September 2021	INR200	INR300	INR8,500
17 September 2021	INR180	INR300	INR6,500
16 September 2021	INR120	INR250	INR4,500

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Paras Defence IPO Subscription Details (no. of times, at 5 PM)

Category	Shares Offered	Day 1	Day 2	Day 3
QIB	20,17,941	0.01	1.67	169.65
NII	15,36,856	3.77	26.32	927.70
Retail	35,85,996	31.32	68.57	112.81
Total	71,40,793	16.54	40.57	304.26

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Paras Defence Offer Reviews

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SMC Global – 1.5/5
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Paras Defence and Space Technologies Offer Allotment Status

Paras Defence and Space Technologies IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status. 

Meanwhile, bank debits have started. Please check statement for a debit of INR14,875 (successful allotment) or removal of hold of this amount (unsuccessful allotment).

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Listing Performance of Paras Defence and Space Technologies

IPO Opening Date: 21 September 2021
IPO Closing Date: 23 September 2021
Finalisation of Basis of Allotment: 28 September 2021
Initiation of refunds: 29 September 2021
Transfer of shares to demat accounts: 30 September 2021
Listing Date: 1 October 2021
Opening Price on NSE: INR469 per share (up 168% from IPO price)
Closing Price on NSE: INR492.45 per share (up 181.4% from IPO price)

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Paras Defence IPO FAQs