Paras Defence IPO Live Subscription Status

Live subscription status across each investor category and analyst recommendations
Paras-Defence-IPO-Subscription

Paras Defence IPO Subscription Status: FINAL

Paras Defence and Space Technologies Limited, with over 40 years of experience, are an Indian private sector company engaged in designing, developing, manufacturing a and testing of a wide range of defence an nd space engineering products and solutions.

They are one of the leading ‘Indigenously Designed Developed and Manufactured (“IDDM”) category private sector companies in India. They have two manufacturing facilities in Maharashtra, located at Nerul in Navi Mumbai and Ambernath in Thane.

Investor CategoryQuotaSubscription
Institutional (QIB)50%169.65x
Non-Insti. (HNI)15%927.70x
Retail (RII)35%112.81x
Total Subscription100%304.26x

Paras Defence IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.01x1.67x169.65x
HNI3.77x26.32x927.70x
Retail31.36x68.57x112.81x
Total 16.57x 40.57x304.36x

Paras Defence IPO Subscription: Analyst Recommendations

Choice Broking – Subscribe [Report]

At higher price band of Rs. 175, PDSTL is demanding a P/E multiple of 43.4x (to its FY21 EPS of Rs. 4). Considering its niche product profile & technology, dominant market positioning and vast growth potential, we assign a “SUBSCRIBE” rating for the issue.

JM Financials – Subscribe

“The company has strong R&D capabilities with a focus on innovation. The company is well-positioned to benefit from the government’s “Atmanirbhar Bharat” and “Make in India” initiatives. Strong relationships with a diverse customer base”

Paras Defence IPO Subscription: Key IPO Details

TypeValue
Issue Size₹170.78 Cr
Open Date21/09/2021
Close Date23/09/2021
Face Value₹10/- per Equity Share
IPO Price₹165 – ₹175
Lot Size85 shares
LotsMin 1 – Max 13

Paras Defence IPO Subscription: Financials

201920202021 Mar
Revenue from Ops₹154.40 Cr₹147.04 Cr₹143.33 Cr
Profit before Excep*₹26.81 Cr₹21.79 Cr₹22.61 Cr
Profit after Tax18.97 Cr₹19.66 Cr₹15.79 Cr
EPS (Basic)5.556.926.75
*Tax and Exceptional Items

As of March 2020EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS6.2126.5728.18
* Weighted Average for last 3 years

Paras Defence IPO: Comparison with listed industry peers

According to the RHP, the company does not have any comparable listed industry peers in India

Paras Defence IPO Subscription – FAQs

1. How to apply for Paras Defence IPO in the Retail Category?

A: An investor in the retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Paras Defence IPO in HNI Category?

A: An investor can apply in the HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospectus (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP

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