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Paras Defence and Space Technologies Limited

Paras Defence and Space Technologies Limited

listed
₹14,025Min. investment

Paras Defence and Space Technologies Limited IPO Details

Price range₹165 – ₹175
IPO type
Regular
Lot size85 shares
Issue size₹171Cr

Paras Defence and Space Technologies Limited Timeline

  1. Bid start
    21 Sep 2021
  2. Bid end
    23 Sep 2021
  3. Allotment
    23 Sep 2021
  4. Release of funds
    29 Sep 2021
  5. Demat transfer
    28 Sep 2021
  6. Listing
    1 Oct 2021
Incorporated in 2009, Paras Defence And Space Technologies designs, develops, manufactures and tests a wide range of defence and space engineering products and solutions. The company caters to five segments - defence and space optics, defence electronic, electro-magnetic pulse protection solution, heavy engineering and niche technologies. In fact, it is the sole Indian supplier of critical imaging components such as large size optics and diffractive gratings for space applications.
The company has a range of 34 products and solutions, with which it caters to its customers. Its customer-base includes some of the prominent domestic private and government companies including Bharat Electronics, Bharat Dynamics, Hindustan Aeronautics and Solar Industries. It derives most of its revenue by signing contracts with government arms and entities. As of June 2021, it’s order book stood at ₹304 crore, which is over two times its FY21 revenues.
Meanwhile, it’s revenue and net profit have shrunk at 3.6% and 8.7% CAGR between FY19 and FY21.
About the issue
The IPO size is ₹171 crore. Of that, about ₹140 crore is the fresh issue which will be used for the purchase of machinery and equipment, incremental working capital requirement, repayment of a portion of the borrowing and general corporate purposes. The remaining ₹30 crore is the offer for sale.

Checklist

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Paras Defence and Space Technologies Limited Contact Details

Company NameParas Defence and Space Technologies Limited

How to apply for Paras Defence and Space Technologies Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

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