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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, manufact
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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