paras defence ipo gmp-paras defence share price in india 2022-In terms of IPO subscription, Mumbai-based Paras Defence and Space Technologies has smashed all previous records. The IPO received 304 subscriptions, with buyers bidding for 217 crore shares as opposed to the 71.40 crore shares that were offered, setting a new record.
On Tuesday, September 28, the business made a final share allocation announcement.
The subscription period for the Initial Public Offering (IPO) ran from September 21 to September 23.
Starting on Wednesday, September 29, a reimbursement process will be started for those who were not given shares.
The IPO of Paras Defence is anticipated to list on October 1, 2021.
“Paras Defence caters to the space and defence sectors and has a distinct product profile, technology, and dominating market positioning. It is one of the top private sector firms in India that fall under the “Indigenously Designed, Developed, and Manufactured” classification, and as such, it is projected to gain from flagship initiatives like “Make in India” and “Atmanirbhar Bharat” of the national government. In light of the aforementioned factors, we gave its IPO a “SUBSCRIBE” rating. The company’s fundamentals are strong, making it a potentially profitable investment over the next few years, according to Choice Broking analyst Rajnath Yadav.
Investors have responded enthusiastically to the paras defence ipo gmp, notably accredited institutional buyers and non-institutional investors.
On the penultimate day of its bidding on Thursday, the initial public offering (IPO) for Paras Defence that opened for subscription on Tuesday had been oversubscribed 300 times. The pricing range for the three-day initial share sale has been set at 165 to 175 rupees per equity share.
According to BSE data, as of 4 pm on day 3, the issue had been booked 304 times. Qualified Institutional Buyers (QIBs) obtained 169 times as much subscription as Retail Individual Investors (RIIs), who received almost 111 times as much as non-institutional investors.
The defence company hopes to raise $171 million from this public offering, of which $140.6 million is aimed to come from a fresh issuance and $30 million is aimed at coming via an OFS (offer for sale).
Here are the top 10 facts you should know about the Paras Defence IPO:
1] Paras Defence IPO GMP: The grey market premium (GMP) for the paras defence ipo gmp is currently between 225 and 230, around the same range as it was yesterday. Since being tradeable in the grey market, shares of Paras Defence have been trading over 150, indicating a “very bullish” outlook prior to the subscription opening.
2] paras defence ipo gmp subscription deadline: The public offering began on September 21, 2021, and it will end on September 23, 2021.
3] The pricing of the Paras Defence IPO has been set by the company’s promoters at between 165 and 175 rupees.
4] The amount of the Paras Defence IPO is as follows: The defence firm hopes to generate $170.78 crore from its initial offer, of which 140.60 crore would be used for new issues and 30.18 crore for OFS.
5] Lot size for the Paras Defence IPO: Bidders must submit applications for the public offering in lots, and each lot consists of 85 shares.
6] The maximum investment in the paras defence ipo gmp Initial Public Offering (IPO) is 13 lots, with a minimum application of 1 lot. Thus, the minimum investment limit in this defence issue is 14 875 rupees (150 times 85), while the maximum investment limit for a single bidder in this initial public offering is 1,93,375 rupees (150 times 85 times 13).
7] The proposed date for the allotment of shares in the paras defence ipo gmp initial public offering is September 28, 2021.
8].Shares of Paras Defence will be listed at both the NSE (National Stock Exchange) and the BSE as part of their first public offering (IPO) (Bombay Stock Exchange).
9] The anticipated timing for launching Paras Defence shares in an initial public offering is October 1, 2021.
10] Promoter shareholding after successful listing: Following the successful listing of Paras Defence shares, the promoters’ shareholding in the company will decrease from 79.40% to 59.71%.
Check out the current Kostak rates, Subject to Sauda rates, and Paras Defence IPO GMP, also known as the IPO Grey Market Premium. The Paras Defence IPO GMP is at a high of 250 and is settling at 230. The subject of Saudi Arabia is rated at level 15000. The IPO’s anticipated return is predicted to be close to 100%.
The initial public offering (IPO) of Paras Defence will begin on September 21 and end on September 23. They are India’s exclusive supplier of infrared optics. One of the most innovative Tier 2 defence engineering firms, they provide a variety of defence goods and services.
With clients like ISRO, Bharat Dynamics, HAL, Kirloskar Group, TCS, Tata Power, and others, they have a solid clientele. Compared to revenues of 148 crores in 2020, the company recorded revenues of 145 crores in 2021. In 2021, the profit was $15.79 billion compared to $19.66 billion in 2020. The business will continue to function steadily as it has in recent years, which will result in sustainable business growth. The pricing range for the IPO is set at $165 to $175. NSE and BSE will both list the Paras Defence IPO.
Company Contact Information
Paras Defence And Space Technologies Limited
D-112, TTC Industrial Area,
Navi Mumbai 400 706,
Phone: +91 9820 974 974