Paras Defence and Space Technologies IPO GMP - Grey Market Premium Today
Paras Defence and Space Technologies limited IPO is scheduled to hit the market on 21 September 2021. Know all basic details about Paras Defence and Space Technologies IPO - Paras Defence and Space Technologies IPO GMP (Paras Defence and Space Technologies Grey Market Premium), Kostak rates, Paras Defence and Space Technologies IPO Review, All important dates, Strength and Weakness. We will update Grey Market Premium everyday. Also, all the information related to Paras Defence and Space Technologies IPO like price band, all dates, issue size and retail portion ,etc. Everything about Paras Defence and Space Technologies IPO is given below.
 |
| Paras Defence and Space Technologies IPO GMP |
Paras Defence IPO Price Band, Issue Size and Expected Return
Paras Defence and Space Technologies Ltd is all set to hit the market on 21 September 2021. The IPO price band of Paras Defence and Space Technologies Ltd has been fixed from ₹165 to ₹175 (Cutoff price). The total Issue size of Paras Defence and Space Technologies Ipo is Approx ₹170.78 Crores. The company wants to raise Rs 170 crores through Initial Public Offering (IPO). Where Rs 140.60 crores will be from fresh issue and the rest [₹30.18 Crores] will be under OFS (Offer for Sale). In this IPO, shares worth Rs 30.18 crores will be sold through an offer for sale. In this IPO, All shares worth Rs 170 crores will be sold through an offer for sale. The Paras Defence and Space Technologies IPO will be listed on NSE and BSE on 01 October 2021.
What is Paras Defence and Space Technologies IPO GMP Today?
Today GMP of Paras Defence and Space Technologies IPO is ₹250.
What is Paras Defence and Space Technologies IPO Kostak Rates Today?
Today Kostak's rate of Paras Defence and Space Technologies IPO is ₹250.
What is Paras Defence and Space Technologies IPO Expected Return?
Paras Defence and Space Technologies IPO Expected Returns is 100% to 120%.
About Paras Defence and Space Technologies
Paras Defense & Space Limited offers a wide range of products and solutions for Defense and Space applications. The company has multiple business verticals, including defense and space optics, defense electronics, electromagnetic pulse protection solutions, heavy engineering, and niche technologies, in addition to the defense and space sectors.
The company (Paras Defense & Space Ltd) with over 40 years of experience and continuous business growth in the field of Defense and Space Engineering, its product portfolio includes Rockets and Missiles, Space Research, Naval Systems, Land and Armored Vehicles, Electronic War and surveillance etc.
The company claims that they have a state-of-the-art manufacturing setup with more than 400 workforces. The company pays great attention to technology development and R&D which differentiates the company as a true IDDM company in the Indian Defense Industry. The company is working on developing futuristic technologies, discovering new technology, and providing cutting-edge solutions for its customers in the field of Defense and Space.
Official Website: Paras Defence and Space Technologies Limited
Purpose of the offer
- Fund to meet capital expenditure requirements.
- To finance incremental working capital requirements.
- To pay all or a part of certain outstanding credit facilities availed by the company.
- To fulfill the general corporate objective.
Paras Defence and Space Technologies GMP Today (Grey Market Premium)
| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| 28 September | ₹250 | ₹250 | ₹16000 |
| 27 September | ₹240 | ₹250 | ₹16000 |
| 26 September | ₹230 | ₹250 | ₹16000 |
| 25 September | ₹220 | ₹250 | ₹15000 |
| 24 September | ₹230 | ₹250 | ₹15000 |
| 23 September | ₹220 | ₹250 | ₹15000 |
| 22 September | ₹230 | ₹250 | ₹15000 |
| 21 September | ₹190 | ₹250 | ₹10000 |
| 20 September | ₹210 | ₹250 | ₹10000 |
| 19 September | ₹220 | ₹250 | ₹10000 |
| 18 September | ₹220 | ₹300 | ₹10000 |
| 17 September | ₹220 | ₹300 | ₹10000 |
| 16 September | ₹160 | ₹250 | ₹6000 |
| 15 September | ₹0 | ₹0 | ₹3000 |
Paras Defence and Space Technologies IPO Date and Price Band Details
Paras Defence and Space Technologies IPO open date: 21 September 2021, Closing date: 23 September 2021, and Listing date: 01 October 2021. The price band of Paras Defence and Space Technologies IPO is ₹165 to ₹175 per share. Paras Defence and Space Technologies IPO issue size is Rs 170.78 crores. Paras Defence and Space Technologies Ipo retails portion is 35%, QIB Portion is 50% and NII Portion 15%.
| IPO Open: | 21 September 2021 |
| IPO Close: | 23 September 2021 |
| Listing Date: | 01 October 2021 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹170.78 Cr. |
| Fresh Issue: | Approx ₹140.60 |
| Offer For Sale: | Approx ₹30.18 Cr. |
| Price Band: | ₹165 to ₹175 per share |
| Face Value: | ₹10 / Equity share |
| PE: | -- |
| Equity: | -- Shares |
| Retail Portion: | 35% |
Paras Defence and Space Technologies IPO Market Lot & Size
Paras Defence and Space Technologies IPO's minimum lot size is 85 shares with ₹14,875 application amount and the maximum lot size is 1105 shares with ₹193,375 application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | 85 Shares |
| Minimum Amount: | ₹14,875 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 1105 Shares |
| Maximum Amount: | ₹193,375 |
Paras Defence and Space Technologies IPO Allotment & Listing Date
| Ipo Opening Date: | 21 September 2021 |
| IPO Closing Date: | 23 September 2021 |
| Basis of Allotment: | 28 September 2021 |
| Refund Date: | 29 September 2021 |
| Credit to Demat Account: | 30 September 2021 |
| Listing Date: | 01 October 2021 |
Paras Defence and Space Technologies IPO Review
HappiestPost View: You can apply Paras Defense & Space Technologies IPO for very good listing gain and also for long duration.
Brokerage Firm IPO Reviews
- Motilal Oswal: To be updated
- ICICI Securities: To be updated
- Capital Market: To be updated
- Ventura Securities Limited: To be updated
- GEPL Capital Ltd: To be updated soon
[ ! Note:- Not Rated Yet ]Updated Soon
Paras Defence and Space Technologies Ipo Review
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The company has 40+ years of defense and aerospace excellence which augurs well for the future of the company.
- The company has a wide range of products and solutions for defense and space applications which means the company's portfolio is diversified.
- Paras Defense and Space Limited is one of the few manufacturers in the field of space and defense applications in India.
- The company has the latest technology, strong research and development capabilities with a focus on innovation, which is a positive side for the future of the company.
- The company has a strong customer relationship with its clients i.e. government Organizations.
- The company has strong experienced management.
weakness
- The field in which the company operates is a little bit competitive.
- The company has suffered a lot due to Covid-19.
- The company has shown poor profit growth in the last 3 years which can be a risk factor for the company.
Paras Defence and Space Technologies Financials
Paras Defence and Space Technologies Financials (in Millions)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹3,297 | ₹1,571 | ₹189 |
| 2020 | ₹3,423 | ₹1,490 | ₹196 |
| 2021 | ₹3,627 | ₹1,446 | ₹157 |
Promotors
The promoters of the company are:
- Sharad Virji Shah
- Munjal Sharad Shah
Contact Details of Paras Defence and Space Technologies
Paras Defence And Space Technologies Limited
D-112, TTC Industrial Area,
MIDC, Nerul,
Navi Mumbai 400 706,
Contact:
Phone: +91 9820 974 974
Email: ir@parasdefence.com
Lead Managers
- Anand Rathi Securities Limited
FAQs About Paras Defence and Space Technologies Ipo
What is the opening date of Paras Defence and Space Technologies IPO?
Paras Defence and Space Technologies IPO opening date is 21 September 2021.
What is Paras Defence and Space Technologies IPO GMP Today?
Paras Defence and Space Technologies IPO GMP is ₹250 as of today.
How much is Paras Defence and Space Technologies IPO Kostak Rate Today?
Paras Defence and Space Technologies IPO Kostak rate are ₹250 as of today.
What are the Paras Defence and Space Technologies IPO Closing date?
Paras Defence and Space Technologies IPO Closing date is 23 September 2021.
What is the Paras Defence and Space Technologies IPO allotment date?
Paras Defence and Space Technologies IPO allotment date is 28 September 2021.
What is the Paras Defence and Space Technologies IPO listing date?
Paras Defence and Space Technologies IPO listing date is 01 October 2021.
What is the Paras Defence and Space Technologies IPO Price band?
Paras Defence and Space Technologies IPO price band is ₹165 to ₹175.
What is Paras Defence and Space Technologies IPO Subject to Sauda Today?
Paras Defence and Space Technologies IPO Subject to Sauda is ₹16000 as of today.
What is Paras Defence and Space Technologies IPO Expected Returns after Listing?
Paras Defence and Space Technologies IPO Expected Returns is 100% to 120%, which is really good.
Read More:
For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.
How to Apply the Paras Defence and Space Technologies Ltd IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "Paras Defence and Space Technologies".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
!Note:- Paras Defence and Space Ltd IPO Official Details have been announced. We'll update you when there is any news regarding the announcement of the final details of the IPO. You can visit daily our page for Paras Defence and Space IPO Grey Market premium and any important updates.
Disclaimer
- We are not involved in grey market trading in any way. And do not provide the facility to buy or sell IPO form.
- Reference to IPO Gray Market Premium (IPO GMP) is valid only for the date specified in the header, we are not involved in the buy or sell of IPO form.
- Do not decide to subscribe to an IPO solely on the basis of gray market premium, as this may change at any time prior to listing. Do research about the fundamentals and financial details of companies before subscribing.
We hope you like this article about Paras Defence and Space Technologies Ltd IPO. If you have a query about Paras Defence and Space Technologies IPO Please post a comment.
Thanks For Visiting & Happy Investing.
0 Comments
We are waiting for your comments. 💙