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Open
21 Sep 2021
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Close
23 Sep 2021
3
Allotment
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Listing
Fri, Oct 1, 2021
Price Band
₹165 to ₹175
Issue Size
97,58,776 shares (agg. up to ₹171 Cr)
Lot Size
85 Shares
Listing Date
Fri, Oct 1, 2021
Latest GMP
₹220
Est. Gain
125.71%
✦ AI Insight
GMP Trend
01-10-2021₹220Est. ₹395+125.71%
30-09-2021₹225Est. ₹400+128.57%
29-09-2021₹215Est. ₹390+122.86%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 215.09x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|
| Assets | 362.76 | 342.39 | 329.75 |
| Total Income | 144.61 | 149.05 | 157.17 |
| Profit After Tax | 15.79 | 19.66 | 18.97 |
| EBITDA | 43.40 | 39.27 | 42.83 |
| NET Worth | 172.44 | 138.74 | 119.08 |
| Reserves and Surplus | 176.84 | 144.21 | 146.68 |
| Total Borrowing | 106.10 | 103.40 | 84.95 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| MTAR Technologies Ltd. | Mainboard | ₹596.41 Cr | ₹575 | null | ₹1,082.50 | +88.26% | ₹6,364.00 (-5.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of machinery and equipment | 34.66 |
| 2 | Funding incremental working capital requirements of our Company | 60.00 |
| 3 | Repayment or prepayment of all or a portion of certain borrowings/outstanding loan facilities availedby our Company | 12.00 |
| 4 | General corporate purposes | 17.79 |
About Paras Defence IPO
Paras Defence and Space Technologies are primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company has five major product category offerings - Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies. Paras Defence and Space Technologies is the only Indian company with the design capability for space-optics and opto-mechanical assemblies and is one of the leading providers of optics for various Indian defence and space programs. The company also delivers customized turnkey projects in the defence segment. The company has partnered with some of the leading technology companies around the world to indigenize advanced technologies in the defence and space sectors for the Indian market. The company has 2 manufacturing plants in Maharashtra and is in the process of expanding its current manufacturing facility at Nerul in Navi Mumbai. Competitive Strengths Wide range of products and solutions offerings for defence and space applications. One of the few manufacturers of optics for space and defence application in India
Contact Details
Paras Defence & Space Technologies Ltd. AddressD-112, TTC Industrial AreaMIDC, NerulNavi Mumbai, Maharashtra, 400706+91 9820 974 974ir@parasdefence.comVisit Website