Bookbuilding IPO | ₹171 Cr | Listed at BSE, NSE | Tue, Sep 21, 2021 - Thu, Sep 23, 2021
Paras Defence IPO is a book build issue of ₹170.78 crores. The issue is a combination of fresh issue of 0.80 crore shares aggregating to ₹140.60 crores and offer for sale of 0.17 crore shares aggregating to ₹30.18 crores.
Paras Defence IPO bidding started from Sep 21, 2021 and ended on Sep 23, 2021. The allotment for Paras Defence IPO was finalized on Sep 28, 2021. The shares got listed on BSE, NSE on Oct 1, 2021.
Paras Defence IPO price band is set at ₹175 per share. The lot size for an application is 85. The minimum amount of investment required by an retail is ₹14,875 (85 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,190 shares), amounting to ₹2,08,250, and for bNII, it is 68 lots (5,780 shares), amounting to ₹10,11,500.
Anand Rathi Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Paras Defence IPO RHP for detailed Information.
IPO Open
Tue, Sep 21, 2021
IPO Close
Thu, Sep 23, 2021
Issue Price
₹175 per share
Market Cap (Pre-IPO)
₹682.50 Cr
| IPO Date | 21 to 23 Sep, 2021 |
| Listed on | Fri, Oct 1, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹165 to ₹175 |
| Issue Price | ₹175 per share |
| Lot Size | 85 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 97,58,776 shares (agg. up to ₹171 Cr) |
| Fresh Issue | 80,34,286 shares (agg. up to ₹141 Cr) |
| Offer for Sale | 17,24,490 shares of ₹10 (agg. up to ₹30 Cr) |
| Share Holding Pre Issue | 3,09,65,775 shares |
| Share Holding Post Issue | 3,90,00,061 shares |
| BSE Script Code / NSE Symbol | 543367 / PARAS |
| ISIN | INE045601015 |
Paras Defence IPO comprises a total issue size of 97,58,776 shares. Out of which, 48,79,387 (50.00%) are allocated to QIB, 14,63,817 (15.00%) allocated to NII 34,15,572 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 48,79,387 | 50.00% | NA |
| − Anchor Investor Shares Offered | 29,27,485 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 19,51,902 | 20.00% | NA |
| NII (HNI) Shares Offered | 14,63,817 | 15.00% | NA |
| Retail Shares Offered | 34,15,572 | 35.00% | 40,183 |
| Total Shares Offered | 97,58,776 | 100.00% |
Investors can bid for a minimum of 85 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 85 | ₹14,875 |
| Retail (Max) | 13 | 1,105 | ₹1,93,375 |
| S-HNI (Min) | 14 | 1,190 | ₹2,08,250 |
| S-HNI (Max) | 67 | 5,695 | ₹9,96,625 |
| B-HNI (Min) | 68 | 5,780 | ₹10,11,500 |
Paras Defence IPO raises ₹51.23 crore from anchor investors. Paras Defence IPO Anchor bid date is September 20, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Sep 20, 2021 |
| Shares Offered | 29,27,485 |
| Anchor Portion (₹ Cr.) | 51.23 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Oct 28, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Dec 27, 2021 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
The Paras Defence and Space Technologies IPO is subscribed 304.26 times on September 23, 2021 5:00:00 PM (Day 3). The public issue subscribed 112.81 times in the retail category, 169.65 times in the QIB category, and 927.7 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 169.65 | 20,17,941 | 34,23,38,435 |
| NII | 927.7 | 15,36,856 | 1,42,57,44,440 |
| Retail | 112.81 | 35,85,996 | 40,45,49,000 |
| Total | 304.26 | 71,40,793 | 2,17,26,31,875 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMfees and commissions (including underwriting commission, brokerage and selling commission) | 3.84 |
| 2 | Selling commission/ processing fee for SCSBs and Banker tothe Offer and fees payable to the Sponsor Bank for Bids made by RIBs using UPI | 0.26 |
| 3 | Brokerage and selling commission and bidding charges for Members of the Syndicate (including their sub-syndicate members), Registered Brokers, RTAs and CDPs | 7.82 |
| 4 | Fees payable to Registrar to the Offer | 0.02 |
| 5 | Other advisors to the Offer | 0.98 |
| 6 | Fees payable to regulators, listing fees, SEBI filing fees, book-building software fees, upload fees, BSE and NSE processing fees and other regulatory expenses | 2.05 |
| 7 | Printing and stationery | 1.04 |
| 8 | Fee payable to legal counsels | 1.74 |
| 9 | Advertising and marketing | 1.52 |
| 10 | Miscellaneous | 0.21 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹175.00 | ₹175.00 |
| Open | ₹475.00 | ₹469.00 |
| Low | ₹456.00 | ₹460.00 |
| High | ₹498.75 | ₹492.45 |
| Last Trade | ₹498.75 | ₹492.45 |
Lead Manager Reports
Paras Defence IPO is a main-board IPO of 97,58,776 equity shares of the face value of ₹10 aggregating up to ₹171 Crores. The issue is priced at ₹175 per share. The minimum order quantity is 85.
The IPO opens on Tue, Sep 21, 2021, and closes on Thu, Sep 23, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Paras Defence IPO using UPI as a payment gateway. Zerodha customers can apply in Paras Defence IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Paras Defence IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Paras Defence IPO opens on Tue, Sep 21, 2021 and closes on Thu, Sep 23, 2021.
Paras Defence IPO lot size is 85, and the minimum amount required for application is ₹14,875.
You can apply in Paras Defence IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Paras Defence IPO will be done on Tuesday, September 28, 2021, and the allotted shares will be credited to your demat account by Thu, Sep 30, 2021. Check the Paras Defence IPO allotment status.
The Paras Defence IPO listing date is on Fri, Oct 1, 2021.
