Paras Defence IPO

Paras Defence and Space Technologies Ltd.

₹14,025 /85 sharesMinimum Investment

Paras Defence IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
21 Sep ‘21 - 23 Sep ‘21₹14,02585₹165 - ₹175
Issue SizeIPO Doc
170.78Cr
RHP PDF

Subscription Status As on 23 Sep '21, 5:00 PM

  • Retail Individual Investor
    112.81x
  • Non-Institutional Investor
    927.70x
  • Qualified Institutional Buyers
    169.65x

About Paras Defence

Paras Defence and Space Technologies Ltd. is an Indian private sector company engaged in designing, developing, manufacturing, and testing of a wide range of defence and space engineering products and solutions. It caters to four major segments of the Indian defence sector i.e. defence and space optics, defence electronics, electro-magnetic pulse (EMP) protection solution, and heavy engineering.;
Parent Organisation
Paras Defence and Space Technologies Ltd.
Founded
2009
Managing Director
Munjal Sharad Shah
Paras Defence and Space technology IPO review - Business, financials, pros & cons of the IPO

Strengths & Risks

  • Wide range of products and solutions for both defence and space applications.
  • Paras Defence and Space Technologies Ltd. is one of the few players in high precision optics manufacturing for space and defence applications in India.
  • Strong emphasis on R&D has helped it develop a wide range of products and solutions in the defence and space sector.
  • Well-positioned to benefit from the Government’s “Atmanirbhar Bharat” and “Make in India” initiatives.
  • Sole Indian supplier of critical imaging components such as large size optics and diffractive gratings for space applications in India.
  • Diversified customer base that ranges from Government arms and government organizations involved in defence and space research to various defence public sector undertakings, private entities, and international customers.
  • Dependence on a limited number of customers for a significant portion of its revenue.
  • Dependence on contracts from the Government of India (GoI) and associated entities including defence public sector undertakings and government organizations involved in space research.
  • Subject to strict quality requirements, customer inspections, and audits.
  • Any failure to comply with the provisions of the contracts entered with its customers, especially the GoI Entities.
  • Failure to qualify for or win bids to further expand its business.
  • Failure to obtain, maintain or renew its statutory and regulatory licenses, permits, and approvals required for its business.
  • Significant working capital requirements.

Financials

*All values are in Rs. Cr
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Application details

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