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.
Paras Defence IPO Subscription: End of Day Update
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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
|Issue Size||₹170.78 Cr|
|Face Value||₹10/- per Equity Share|
|IPO Price||₹165 – ₹175|
|Lot Size||85 shares|
|Lots||Min 1 – Max 13|
Paras Defence IPO Subscription: Financials
|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 Tax||₹18.97 Cr||₹19.66 Cr||₹15.79 Cr|
|As of March 2020||EPS (Avg*)||P/E (Floor)||P/E (Cap)|
|Based on basic EPS||6.21||26.57||28.18|
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