Paras Defence IPO

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

Paras Defence and Space Technologies offer details

Subscription Dates21 – 23 September 2021
Price BandINR165 – 175 per share
Fresh issueINR140.6 crore
Offer For Sale1,724,490 shares (INR28.45 – INR30.18 crore)
Total IPO sizeINR169.05 – 170.78 crore
Minimum bid (lot size)85 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

Paras Defence Financial Performance (in INR crore)

 FY2019FY2020FY2021
Revenue157.2149.0144.6
Expenses130.4127.3122.0
Net income18.520.316.1
Margin (%)11.813.611.1

More about Paras Defence and Space Technologies Offer

Paras Defence Public Offer Analysis: Should you invest?
Paras Defence IPO RHP
Paras Defence DRHP
Paras IPO Allotment Status


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


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


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


Paras Defence Offer GMP Daily Trend

DateParas Defence IPO GMPKostakSubject to Sauda
24 September 2021INR250INR250INR12,000
23 September 2021INR230INR250INR10,000
22 September 2021INR250INR300INR11,000
21 September 2021INR200INR280INR8,300
20 September 2021INR200INR300INR8,500
17 September 2021INR180INR300INR6,500
16 September 2021INR120INR250INR4,500

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

CategoryShares OfferedDay 1Day 2Day 3
QIB20,17,9410.011.67169.65
NII15,36,8563.7726.32927.70
Retail35,85,99631.3268.57112.81
Total71,40,79316.5440.57304.26

Paras Defence Offer Reviews

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Canara Bank Securities – Subscribe for listing gains
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ICICIdirect – Unrated
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Samco Securities – Subscribe for listing gains only
SMC Global – 1.5/5
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Paras Defence and Space Technologies Offer Allotment Status

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


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: Coming soon
Closing Price on NSE: Coming soon


Paras Defence IPO FAQs

What is Paras Defence and Space Technologies Offer Investors Portion?

The investors’ portion for QIB-50%, NII-15%, and Retail 35%.

How to Apply in Paras Defence and Space Technologies Public Offer?

The best way to apply in Paras Defence and Space Technologies IPO is through Internet banking ASBA (know all about ASBA). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Paras Defence Offer Size?

Paras Defence and Space Technologies offer size is INR170.78 crores at the upper price band.

What is Paras Defence and Space Technologies IPO Price Band?

Paras Defence IPO Price Band is INR165 – 175 per share.

What is the lot size of Paras Defence and Space Technologies IPO?

Paras Defence and Space Technologies IPO lot size and the minimum order is 85 shares.

What is Paras Defence and Space Technologies IPO Allotment Date?

Paras Defence and Space Technologies IPO allotment date is 28 September 2021. The allotted shares will be credited to demat account by 30 September 2021.

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