Global Statistics

All countries
240,188,856
Confirmed
Updated on 14/10/2021 6:43 pm
All countries
215,765,598
Recovered
Updated on 14/10/2021 6:43 pm
All countries
4,893,161
Deaths
Updated on 14/10/2021 6:43 pm

Global Statistics

All countries
240,188,856
Confirmed
Updated on 14/10/2021 6:43 pm
All countries
215,765,598
Recovered
Updated on 14/10/2021 6:43 pm
All countries
4,893,161
Deaths
Updated on 14/10/2021 6:43 pm

Paras Defense IPO Opens Sept 21 – Top 10 Things to Know Including Key Dates and How to Check Assignment Status

It’s raining IPO this year! Exactly one week after Ami Organics and Vijaya Diagnostic made their debut on the stock market, another company is set to publish its issue on Tuesday. The new company that will present the Initial Public Offering (IPO) is Paras Defense and Space Technologies. The IPO will open for subscription on September 21 and conclude on September 23, the company said in a statement.

Here are the top 10 things to know about the Paras Defense and Space Technologies IPO:

Watch Zee Business Live TV broadcast below:

1. Paras Defense and Space Technologies IPO Price Band

Paras Defense and Space Technologies said Thursday that it has set a price band of Rs 165-175 per share for its initial share sale of Rs 171 million.

2. Size of Paras Defense and Space Technologies IPO Issue

The offering comprises the new issue of shares worth Rs 140.6 crore and an offer to sell (OFS) of up to 17,24,490 equity shares by existing promoters and shareholders. At the upper end of the price band, the IPO is expected to reach Rs 170.7 crore.

3. Promoters who sell shares in OFS

Those who sell shares in the OFS are promoters: Sharad Virji Shah, Munjal Sharad Shah and the individual selling shareholders are Munjal Shah, Shilpa Amit Mahajan and Amit Navin Mahajan.

4. Purpose of the Paras Defense and Space Technologies IPO

The proceeds from the new issue would be used to fund capital expenditure requirements, support incremental working capital needs, and repayment or prepayment of loans used by the company.

5. Allocation of shares of the IPO of Paras Defense and Space Technologies

Half the size of the issue has been reserved for Qualified Institutional Buyers (QIBs), 35% for Retail Investors and the remaining 15% for Non-Institutional Investors.

6. Details of the tender for the IPO of Paras Defense and Space Technologies

Investors can bid for a minimum of 85 equity shares and in multiples of 85 equity shares thereafter.

7. Paras Defense and Space Technologies company details

The company designs, develops, manufactures and tests a wide range of defense and space engineering products and solutions. Paras Defense and Space Technologies’ business relies heavily on projects and programs undertaken by the central government and associated entities, such as public sector defense companies and government organizations involved in space research.

8. Paras Defense and Space Technologies IPO Book Running Lead Manager

Anand Rathi Advisors is the lead book administrator on the subject. The company’s shares would be listed on the BSE and NSE.

9. Key dates for Paras Defense and Space Technologies IPO

-Start of the application: September 21

-End of application: September 23

-Start starts: September 28

-Reimbursement start: September 29

-Awarded date: September 30

-List in exchange: October 1

10. Verification of the status of the IPO awards of Paras Defense and Space Technologies

The award status of the initial public offering will be available around September 28, 2021. The award shares will be credited to the demat account before September 30. You will be able to check the status of the Paras Defense and Space Technologies IPO award via the IPO link registrar Intime India Private Ltd – once available or via the direct link from EEB, which we will provide soon.

The above details our entries according to the discount broker Uptox and the PTI news agency.

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