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Paras Defence IPO

Paras Defence and Space Technologies Ltd.

₹14,025 /85 sharesMinimum Investment

IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹175₹469+₹294.00 (168.00%)

IPO Details

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

Subscription Rate As on 23rd Sep 2021, 5:00 PM

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

About Company

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.
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Founded
2009
Managing Director
Munjal Sharad Shah
Paras Defence and Space technology IPO review - Business, financials, pros & cons of the IPO

Strengths & Risks

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

Financials

*All values are in Rs. Cr
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