Paras Defence And Space Technologies Ltd. IPO

It is engaged in designing, developing, manufacturing and testing of a wide range of defence and space engineering products and solutions.

RHP
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DRHP
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Open Date

2021-09-21

Close Date

2021-09-23

IPO Details

Check out the issue details for Paras Defence And Space Technologies Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 175

Price Band

₹ 165 - 175

Issue Size

170.78 Cr.

Issue Type

Book Built

Open

2021-09-21

Close

2021-09-23

Listingprice

₹ 469

ListingGain

168.00%

Listing Date

2021-10-01

CMP

₹ 744.75

Current Return

325.57%

News

Paras Defence &Space - Quaterly Results9 Feb, 2:09PM Paras Defence &Space - Quaterly Results9 Feb, 2:09PM Paras Defence &Space - Quaterly Results9 Feb, 2:09PM Paras Defence and Space Technologies informs about updates31 Jan, 5:26PM Paras Defence wins contract from Ministry of Defence31 Jan, 3:29PM Paras Defence enters into licensing agreement for transfer of technology31 Jan, 12:27PM Paras Defence incorporates subsidiary company 12 Jan, 11:12AM Paras Defence and Space Technologies incorporates wholly-owned subsidiary1 Jan, 2:29PM Paras Defence and Space Technologies informs about investor meeting16 Dec, 10:32AM Paras Defence and Space Technologies informs about outcome of board meeting13 Dec, 3:19PM Paras Defence and Space Technologies informs about resignation of CS13 Dec, 2:38PM Paras Defence and Space Technologies informs about statement of deviation or variation 9 Nov, 10:07AM Paras Defence &Space - Quaterly Results6 Nov, 5:35PM Paras Defence &Space - Quaterly Results6 Nov, 5:35PM Paras Defence and Space Technologies informs about company updates21 Oct, 12:24PM Paras Defence and Space Technologies gets nod to incorporates wholly owned subsidiary21 Oct, 10:36AM Paras Defence’s arm receives Second Type Certificate from DGCA for Agri Drone 20 Oct, 11:28AM Paras Defence and Space Technologies informs about analyst meet 21 Sep, 5:14PM Paras Defence and Space Technologies informs about revised schedule of analyst meet12 Sep, 12:42PM Paras Defence and Space Technologies informs about disclosure11 Sep, 2:09PM

Company Financials

You can get the following financial statements of Paras Defence And Space Technologies Ltd. as of now.

Subscription Details

The details about the Paras defence and space technologies IPO is as:

  • The issue size of the IPO is 170.78 Cr.
  • The price band ranges from Rs 165 to Rs 175.
  • The issue is to open on 21st September 2021.
  • The shares will list on 1st October 2021.
  • The latest tentative GMP of Paras defence and space technologies IPO is Rs 225.
  • The shares of Paras defence and space technologies IPO is subscribed 304.26 times in total.
  • The shares of Paras defence and space technologies IPO got listed at Rs 469 with a listing gain of 168%.

 

Paras defence and space technologies Valuation

The valuation of Paras defence and space technologies IPO company based on its price band and RHP is: 

Particulars Value
Upper Price Band Rs 175
Existing Shares (Qty) 3.09 Cr
Fresh Issue (Amount) 140.60 Cr
Market Cap 681.35 Cr
EPS (FY21) Rs 5.55 
PE Ratio ~31.53x
Industry PE No peers

 

Paras defence and space technologies IPO Issue Size

Paras defence and space technologies IPO issue size is 170.78 Cr

Issue Amount
Fresh Issue 140.60 Cr
Offer For Sale  30.18 Cr

 

Paras defence and space technologies IPO Market Lot

An Individual can apply for a minimum 1 lot of 85 shares and a maximum of 13 lots of 1105 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 85 Rs 14,875
 Maximum 13 1105 Rs 1,93,375

 

Paras defence and space technologies IPO Subscription

Paras defence and space technologies IPO is subscribed 304.26 times in total. It is Oversubscribed as of now. The category-wise subscription is as follows:: 

Category % Offered Subscription
Qualified Institutional Maximum 50% 169.65 Times
Non-Institutional Minimum 15% 927.70 Times
Retail Individual Minimum 35% 112.81 Times
Total   304.26 Times

 

Paras defence and space technologies IPO Grey Market Premium

As on GMP (Tentative)
26 September 2021 Rs 250
27 September 2021 Rs 270
28 September 2021 Rs 260
29 September 2021 Rs 245
30 September 2021 Rs 225

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Once you have subscribed to an IPO, you have to wait for its allotment to your account. Find below the dates of allotment of Paras defence and space technologies IPO:

Schedule Date
Basis of Allotment 28 September 2021
Refunds 29 September 2021
Credit to Demat Account 30 September 2021
IPO Listing Date 01 October 2021

 

When the allotment is out, you can check it from the registrar's website. Find the Paras defence and space technologies IPO allotment status here.

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 154.4 146.57 132.8 180 214.28
Total Expenditure 111.14 106.77 89.57 127.99 158.2
Operating Profit 43.26 39.8 43.23 52.01 56.08
Other Income 2.77 2.22 1.33 3.01 8.44
Interest 9.75 10.21 13.06 8.3 7.11
Depreciation 9.41 9.71 9.64 10.32 10.68
Exceptional Items 0 0 0 0 0
Profit Before Tax 26.88 22.1 21.86 36.39 46.73
Provision for Tax 7.84 2.13 6.78 9.48 10.8
Net Profit 19.04 19.97 15.08 26.91 35.93
Adjusted EPS (Rs.) 0.67 0.7 0.51 0.69 0.92

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 5.68 28.41 29.85 39 39
Total Reserves 146.75 144.59 176.52 338.62 374.13
Borrowings 38.2 36.75 25.53 0 0
Other N/C liabilities 29.47 24.89 24.33 22.68 23.17
Current liabilities 109.66 107.26 105.32 54.19 66.89
Total Liabilities 329.76 341.9 361.55 454.49 503.19
Assets
Net Block 168.29 157.83 156.51 135.68 141.18
Capital WIP 2.63 4.91 0.51 0.5 3.81
Intangible WIP 0 0 0 0 0
Investments 0.09 0.08 1.15 4.15 19.24
Loans & Advances 0.87 1.24 1.15 1.82 7.05
Other N/C Assets 0.42 2.89 5.35 20.02 29.12
Current Assets 157.45 174.96 196.89 292.33 302.81
Total Assets 329.76 341.9 361.55 454.49 503.19
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 5.51 0.81 0.98 1.27 0.94
Profit Before Tax 14.34 9.77 8.17 13.55 10.36
Tax 3.83 0.91 1.97 3.45 2.76
Profit After Tax 10.51 8.86 6.2 10.1 7.6
Adjusted EPS (Rs) 2.69 2.27 1.59 2.59 1.95

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 58.94 0
Sep 2023 58.94 0
Jun 2023 58.94 0
Mar 2023 58.94 0
Dec 2022 58.94 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 26.88 22.1 21.86 36.39 46.73
Adjustment 19.48 21.07 22.54 20.66 12.02
Changes in Assets & Liabilities -51.4 -38.28 -33.75 -32.51 0.16
Tax Paid -7 -7.04 -6.93 -11.77 -9.43
Operating Cash Flow -12.04 -2.15 3.72 12.77 49.48
Investing Cash Flow -9.61 -4.9 -6.17 -77.49 9.54
Financing Cash Flow 21.41 8.12 5.28 62.35 -45.08
Net Cash Flow -0.24 1.08 2.82 -2.37 13.94
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