Paras Defence and Space Technologies Limited
mainboardlistedAbout the company
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.
Strengths
Risks
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
Completed21 Sept 2021Bidding starts for all investor categories
IPO Closes
Completed23 Sept 2021Last day to place your bid
Basis of Allotment
Completed23 Sept 2021Share allotment finalised
Refund Initiation
Completed29 Sept 2021Refunds credited for non-allottees
Credit to Demat
Completed28 Sept 2021Allotted shares credited to demat account
Listing on Exchange
Completed01 Oct 2021Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail | 1 | 85 | ₹14,875 | 13 | ₹193,375 | ≤ ₹2,00,000 |
| sHNI (Small HNI) | 14 | 1190 | ₹208,250 | 67 | ₹996,625 | ₹2L – ₹10L |
| bHNI (Big HNI) | 68 | 5780 | ₹1,011,500 | 73 | ₹1,085,875 | > ₹10L |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 5,029,412 | 85.5 | 0 | 0.00x | 100% |
| NII | 15% | 1,508,824 | 25.65 | 0 | 0.00x | 100% |
| Retail | 35% | 3,520,588 | 59.85 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
