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Paras Defence And Space Technologies Limited

Paras Defence and Space Technologies is engaged in designing, developing, manufacturing, and testing a wide range of defence and space engineering products and solutions. The company operates across key areas such as defence and space optics, defence electronics, heavy engineering, electromagnetic pulse protection, and niche technologies, and is the only Indian company with in-house design capabilities for space optics and opto-mechanical assemblies. It plays an important role in Indian defence and space programs, delivers customized turnkey projects, and works with global technology partners to bring advanced solutions to the Indian market. The company operates two manufacturing facilities in Maharashtra and is expanding its plant at Nerul in Navi Mumbai.

₹165 - ₹175Open
Listed Price469.00
Listing Gain+168.00%
TimelineBookbuilding IPO
Open21 Sep 2021
Close23 Sep 2021
Allotment28 Sep 2021
Listing01 Oct 2021

Quota Reservation Portions

QIBPortion: 48,79,387 shares
50%
Nii (hni)Portion: 14,63,817 shares
15%
RetailPortion: 34,15,572 shares
35%

Minimum Application Bracket Matrix

Retail1 lots / 85 shares
₹14,875
sHNI14 lots / 1,190 shares
₹2,08,250
bHNI68 lots / 5,780 shares
₹10,11,500

About the Company

Paras Defence and Space Technologies is engaged in designing, developing, manufacturing, and testing a wide range of defence and space engineering products and solutions. The company operates across key areas such as defence and space optics, defence electronics, heavy engineering, electromagnetic pulse protection, and niche technologies, and is the only Indian company with in-house design capabilities for space optics and opto-mechanical assemblies. It plays an important role in Indian defence and space programs, delivers customized turnkey projects, and works with global technology partners to bring advanced solutions to the Indian market. The company operates two manufacturing facilities in Maharashtra and is expanding its plant at Nerul in Navi Mumbai.

Company Promoters

Sharad Virji ShahMunjal Sharad Shah