Saturday, 2 December 2023

An Overview of the IPO for Paras Defence and its Price

25 Feb 2023

Paras Defence and Space Technologies Limited (PDSTL) is a leading Indian defence company that has recently announced its Initial Public Offering (IPO). In this article, we will provide a comprehensive overview of the IPO for Paras Defence, its price, and other essential details.

IPO Overview

Paras Defence and Space Technologies Limited is a leading provider of defence and space engineering solutions in India. The company has a diverse product range, including defence electronics, defence communication, and avionics. PDSTL is the first-ever company in the Indian private sector to design and manufacture spacecraft and launch it for the Indian Space Research Organisation (ISRO).

The company is planning to raise Rs 171.23 crores through its IPO, which comprises a fresh issue of Rs 140.60 crores and an offer-for-sale of Rs 30.63 crores by the promoters. The IPO will open on September 21, 2021, and close on September 23, 2021.

Price Band

The price band for the IPO has been fixed at Rs 165 to Rs 175 per equity share. Investors can apply for a minimum of 85 equity shares and in multiples of 85 shares thereafter, up to a maximum of 1,105 shares. The company will use the proceeds from the IPO to fund its working capital requirements, repay its debt, and other corporate purposes.

Bidding Process

The bidding process for the Paras Defence IPO is simple and can be done online through a broker or through a bank ASBA process. The company has appointed Link Intime India Private Limited as the registrar for the IPO.

To apply for the IPO online, an investor needs to have a Demat account and a trading account with a broker. They can then log in to their account and select the Paras Defence IPO from the list of available IPOs. The investor can then enter the number of shares they wish to apply for and submit the application.

In case an investor wants to apply through the ASBA process, they can do so through their bank. The investor needs to submit the ASBA form to their bank, and the bank will block the amount for the shares applied. If the investor is allotted the shares, the amount will be debited from their account.

Grey Market Premium

The Grey market premium for Paras Defence IPO is currently around Rs 50 per share. This means that the shares are trading at a premium of Rs 215 to Rs 225 per share in the grey market. The grey market premium is an indication of the demand for the shares and can give investors an idea of how the shares are likely to perform in the market.


Paras Defence and Space Technologies Limited is a leading defence and space engineering solutions provider in India. The company’s IPO is expected to generate a lot of interest from investors, given its diverse product range and strong market position. With a price band of Rs 165 to Rs 175 per equity share, the IPO offers an opportunity for investors to participate in the growth of the Indian defence sector. We recommend that investors carefully consider their investment objectives and risk appetite before investing in the Paras Defence IPO.