There have been many IPO launches in 2021, and a great IPO has been launched; its name is Paras Defense IPO. This time the record is broken, HNI subscription is also high, and in this IPO, the retailers have filled more than 36 lakh applications.
Know the Paras Defence and Space Technologies ipo subscription figure and HNI cost in this blog. Keep follow the blog to connect with financial Markets.
The date of the IPO subscription was till 23 September 2021. Paras Defense and Space Technologies IPO price band was 165 – 175, and you have to apply IPO at cut-off price. Anchor investors of QIB have invested good money in this IPO, and Sunil Singhania has also invested well.
- LOT SIZE of IPO: 85 Shares
About The Paras Defence and Space Technologies:
This company is one of the leading who uses own R&D which we can say indigenous. And it is doing good work in the Indian defense sector, and this company also has a good business in the space sector. Annual Report can read here…
This company works in four segments:
1 ] Defence and Space Optics: You can see that when optics are used in India’s defense and space programs, then this company will be seen contributing. Manufactures Night Visions, etc. And Leading Provider in Optics in India. Also started export in USA.
2 ] Defence Electronics
3 ] Electro-Magnetic Pulse Protection Solution
4 ] Heavy Engineering : Manufactures missiles and metals bodies.
Plants Of Paras Defence and Space Technologies:
The first manufacturing facility is in Nerul, and the second is in Ambernath.
The company has very big clients such as Bharat Electronics, which gives more than 20% revenue, Hindustan Aeronautics, and most of the business is with the Ministry of Defense.
Institutional investors (QIB)
Institutional investors (QIBs) have invested around Rs 5990 cr in this IPO. Subscribed 175 times within QIB category.
Non Institutional Investor (HNI/NII)
HNI has done a great subscription in Paras Defense and Space Technologies IPO. So far, the highest subscription has been done by HNI in this IPO. Highest IPO subscribed 700 to 800 times in the previous IPO’s but this time 973 times subscribed in this IPO. BID of about approx 25,000 cr has been received from HNI / NII. At the last moment, the gray market premiums were near 255.
individual investor (Retail )
Retail investors are investing a lot at this time and are showing a lot of interest in IPO. Shares of 60 Cr were reserved to retailers in this IPO, and this category is subscribed 118 times. The Bid Received of 7079 Cr through retail Investor. Around 36,15,000 retailers have applied.
IPO has a good subscription in all three categories.