Paras Defence IPO GMP Today, Subscription Status 2021, Listings, & Allotment Date Details: Paras Defence & Space Technologies Ltd is one of the best performing Indian companies dedicated to manufacturing defense and space engineering products. It designs, tests, manufactures and offers a wide range of products that are outperforming in the markets. Recently, the Paras Defence IPO has opened shares for subscription on September 21, 2021. Soon, it will close the shares on September 23, 2021. Surprisingly, the entire shares were subscribed a few minutes after releasing for bidding in the market.
The company’s primary aim is to raise about ₹171 crores, where it targets the initial ₹149 crores via the fresh issue and the remaining ₹30 crores via OFS or Offer For Sale. The company shares have been sold incredibly after releasing for bidding. According to the latest reports of NSE, the company shares issues are confirmed 17 times by the end of the first day of issuing shares, i.e., on September 21, 2021. At present, the GMP of the Pras Defence is at ₹210. Upon observing this market trend, the marketers analyze that the small issue size in the defense industry produces colossal interest among investors. Are you curious to know more about the Paras Defence IPO GMP trends and latest news? In this article, you’ll discover Paras Defence IPO GMP, subscription status 2021, allotment dates, and many more.
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Contents
Paras Defence IPO Details
| IPO opening date | 21 September 2021 |
| IPO closing date | 23 September 2021 |
| Type of issue | Book built issue IPO |
| Size of IPO | ₹170.78 crores per 9758776 shares |
| Face value per share | ₹10 |
| Price Band | ₹165 to ₹175 on each equity share |
| Lot Size | 85 shares |
| Listings | BSE, NSE |
| Shares offered to QIB(50%) | 4879388₹85.39 crores) |
| Shares offered to NII(15%) | 1463816(₹25.62 crores) |
| Shares offered to RII(35%) | 3415572(₹59.77 crores) |
| MInimum applications | 85 shares per ₹14,875 |
| Max applications | 1105 shares per ₹193,375 |
| IPO Allotment Date | 28th September 2021 |
| ASBA unblocking | 29th September 2021 |
| Credit to Demat account | 30th September 2021 |
| Paras Defence Listing date | 1st October 2021 |
Paras Defence and Space Technologies IPO GMP & Today’s Subscription Status
The GMP of Paras Defense on September 23, 2021, is ₹210. It’s ₹10 more than yesterday’s GMP. The marketers stated that the Paras Defense is outperforming its competitors. This can be proved by stating that it’s grown from ₹160 to ₹200 within three days of the issue of the shares. The company opened the IPO issue on September 21, 2021, and ended on September 23, 2021. In the same way, the allotment would be finalized on September 28, 2021, and soon the IPO gets listed on October 1, 2021.
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Paras Defence IPO GMP Today Live
Today, i.e., On September 22, 2021, the Paras Defence GMP reached 240.
Paras Defence Grey Market News:
| Date & time | September 23 2021, 10:55 am |
| Grey Market Premium | ₹240 |
| Application rates | ₹275 |
| Subject to rates | ₹16,000 |
Paras Defence IPO Subscription Status 2021 Live
Here is today’s live subscription status of the Paras Defence. The company has robust financial stability along with a great portfolio in the defense and technology industry. The company is one of the leading industries and is performing well in various market segments such as Defense and Space Optics, Opto-mechanical assemblies, Defense Electronics, Electromagnetic Pulse Protection Solution, etc. Moreover, another added advantage of subscribing to Paras Defense is that the Indian government has recently allotted a specific budget for defense sectors. Hence, investors are looking forward to subscribing to Paras Defence and Space Technologies Ltd IPO shares as many as possible. The below-given table gives the idea about the performance of the company on day 1 and day 2.
| Category | Day 1 | Day 2 |
| QIB | 0.01 | 1.67x |
| NII | 3.77x | 26.32x |
| RII | 31.36x | 68.57x |
| EMP | 0.0x | 0.0x |
- Go to the KFin Technologies Private Limited -https://ris.kfintech.com/ipostatus/ipos.aspx
- Click, on the Paras Defense IPO in dropbox link.
- Now, Select either one of the three modes: application number, client ID or PAN ID.
- Then, select between ASBA and non-ASBA.
- Enter the required details and click on the Search button.
- By doing this one can check their Paras Defence and Space Technologies IPO allotment status.
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Frequently Asked Questions
Who are the promoters of Paras Defence?
Sharad Virji Shah and Munjal Sharad Shah
What is the IPO size of Paras Defence?
The total IPO size of Paras Defence is ₹170.78 crores against 8034286 shares.
What is the IPO allotment date of Paras Defence?
The allotment date of Paras Defence company is 28th September 2021.