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 optomechanical 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 and 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.
Paras Defence and Space Technologies 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.
- Companies offerings are aligned with the “Atmanirbhar Bharat” and “Make in India” initiatives by the government.
- Strong R&D capabilities with a focus on innovation.
- Strong customer relationship with government arms and government organizations & xperienced management.
Paras Defence And Space Technologies Limited IPO Tentative Timetable
| Particular | Date |
| IPO Open Date | 21 Sep 2021 |
| IPO Close Date | 23 Sep 2021 |
| Allotment Date | 28 Sep 2021 |
| IPO Listing Date | 01 Oct 2021 |
Paras Defence And Space Technologies Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 165 to Rs. 175 Per Equity Share |
| Market Lot | 85 Share |
| NSE Symbol | |
| BSE Symbol | |
| ISIN Code | |
| Listing At | NSE, & BSE |
| Issue Size | Approx. Rs. 171 Crore. |
Paras Defence And Space Technologies Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 85 | Rs. 14875 |
| Maximum | 13 | 1105 | Rs. 193375 |
Paras Defence And Space Technologies Limited IPO Allotment Status
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Click Here To Get ASBA Forms Paras Defence And Space Technologies
Company Financials:
| Particular | 31 March 2021 | 31 March 2020 | 31 March 2019 |
| Total Assets | 3627.58 | 3423.86 | 3297.48 |
| Total Revenue | 1446.07 | 1490.51 | 1571.69 |
| Profit After Tax | 157.86 | 196.57 | 189.70 |
Company Promoters:
Sharad Virji Shah and Munjal Sharad Shah are the company promoters.
Objects of this Issue:
The net IPO proceeds will be used for the following purposes –
- Fund capital expenditure requirements.
- Funding incremental working capital requirements.
- Repayment or prepayment of all or a portion of certain borrowings/outstanding loan facilities availed by the company.
- General Corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Paras Defence And Space Technologies Limited D-112, TTC Industrial Area, MIDC, Nerul, Navi Mumbai 400 706, Phone: +91 9820 974 974 Email: ir@parasdefence.com Website: https://www.parasdefence.com/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: Parasdefence.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
