The Paras Defence IPO is open for subscription between September 21 and Sept 23, 2021. The price band has been kept between Rs 165-175 per share with a minimum lot size of 85 shares.
The Paras Defence IPO allotment status will be finalised around Sept 28 (tentative).
Here’s how you can check the allotment status:
Once the allotment status is finalized, you can check your status on Groww, if you had applied for this IPO on our platform. Here are the steps:-
Step 1: Open the Groww App, scroll down the homepage to see the ‘IPOs’ section.
Step 2: Click on IPOs. On the next page click on the ‘Status’ tab next to the Paras Defence IPO (or any other IPO you had applied for). The status tab will not be visible if you have not applied for the IPO.
Step 3: The next two screens will show a detailed view of your application status.
The registrar for this IPO is Link Intime India Private Limited.
Step 1: Investors are required to follow this link to check their IPO allotment status on BSE: https://www.bseindia.com/investors/appli_check.aspx.
Step 2: You will then have to select the ‘Equity’ option and then from the dropdown, select issue name – ‘Paras Defence ’
Step 3: You will have to enter your application number and PAN card number next.
Step 4: After completing all the above-mentioned steps click on the “Search” button.
What happens to the IPO amount in my bank account?
After applying for an IPO, the amount gets blocked for use from your account. Therefore, the money is still showing in your balance but is blocked for use.
How are the Paras Defence shares being allotted?
If Paras Defence IPO is oversubscribed, the shares will be distributed proportionately among investors so that each investor gets a minimum of one lot. This is done on a lottery basis, so there cannot be a guarantee that you will get the shares. It is possible that few investors do not get any shares at all, in case of oversubscription.
Will my money come back if I don’t get Paras Defence IPO allotment?
If you don’t get the allotment in the Paras Defence IPO, the amount will be unblocked, and you will be able to use the amount in your bank account.
When will Paras Defence IPO get listed?
Paras Defence IPO shares will get listed on BSE and NSE on October 1, 2021. (tentative)