Paras Defence and Space Technologies Limited IPO Closed

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Date 21 Sep 2021 – 23 Sep 2021
Price range 165 – 175
Minimum order quantity 85
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Paras Defence and Space Technologies Limited is an Indian private sector company engaged in designing, developing, manufacturing and testing a wide range of defence and space engineering products and solutions. They are one of the leading ‘Indigenously Designed Developed and Manufactured’ (“IDDM”) category private sector companies in India which cater to four major segments of the Indian defence sector, i.e. defence and space optics, defence electronics, electro-magnetic pulse (“EMP”) protection solution and heavy engineering. 

They are also the sole Indian supplier of critical imaging components such as large size optics and diffractive gratings for space applications in India. Their goal is to become one of the leading global companies for optics for the defence and space sector.

They have two manufacturing facilities in Maharashtra, located at Nerul in Navi Mumbai and Ambernath in Thane. Their Nerul facility is an advanced nanotechnology machining centre for producing high-quality optics and ultra-precision components. Their Nerul facility is engaged in manufacturing Optics, Design, Development, Manufacturing and Integration of Electronics and EMP protection products and solutions. Their 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. Their manufacturing facilities at Nerul and Ambernath have been accredited with quality management system certificates for compliance with ISO 9001:2015 requirements, while their Nerul Facility has been recommended for AS9100D certification. They are also in the process of expanding their manufacturing facility located at Nerul in Navi Mumbai, Maharashtra.

The entire public offer of Paras Defence and Space Technologies Limited limited comprises of fresh issue of Equity Shares of ₹140 Cr and Offer for Sale of up to 17,24,490 Equity Shares by the selling shareholders.

Financial Snapshot

Financial Year Ended Revenue (₹ Crores) Profit for the period (₹ Crores) EPS (₹)
March 2019 157.16 18.97 6.75
March 2020 149.05 19.65 6.92
March 2021 144.60 15.78 5.55

IPO Schedule

Issue Period 21st September 2021 to 23rd September 2021
Finalization of Allotment 28th September 2021
Initiation of Refunds 29th September 2021
Credit of Shares 30th September 2021
Date of Listing 1st October 2021
Mandate End Date 8th October 2021

How do I apply to the Paras Defence and Space Technologies Limited IPO?

You can apply for the Paras Defence and Space Technologies Limited IPO using any supported UPI app by following two steps:
  • Enter your bid on Console
  • Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Paras Defence and Space Technologies Limited IPO?

You can check the allotment status for the Paras Defence and Space Technologies Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website. The tentative date of allotment is 28th September 2021.