IPO SYNOPSIS

Paras Defence and Space Technologies Ltd
Registered Office:
D-112 TTC Industrial Area MIDC,Nerul,
Navi Mumbai - 400706,
Maharashtra, India.
Initial public offering of 9,758,776* equity shares of face value of (₹) 10 each (ôequity sharesö) of our company for cash at a price of (₹) 175 per equity share (including a share premium of (₹) 165 per equity share) (ôoffer priceö) aggregating to (₹) 170.78 crores ("Offer") comprising of a fresh issue of 8,034,286* equity shares aggregating to (₹) 140.60 crores by the company ("Fresh Issue") and an offer for sale of 1,724,490* equity shares aggregating to (₹) 30.18 crores ("Offer for sale"), comprising of 1,250,000* equity shares aggregating to (₹) 21.88 crores by sharad Virji Shah, 50,000* equity shares aggregating to (₹) 0.87 crores by Munjal Sharad Shah (Sharad Virji Shah and Munjal Sharad Shah collectively referred to as the "promoter selling shareholders"), 300,000* equity shares aggregating to (₹) 5.25 crores by Ami Munjal Shah, 62,245* equity shares aggregating to (₹) 1.09 crores by Shilpa Amit Mahajan and 62,245* equity shares aggregating to (₹) 1.09 crores by Amit Navin Mahajan (Ami Munjal Shah, Shilpa Amit Mahajan and Amit Navin Mahajan collectively referred to as the "individual selling shareholders" and together with the promoter selling shareholders, referred to as the "selling shareholders", such equity shares the "offered shares"). The face value of equity shares is (₹) 10 each. The Offer price is 175 for the equity share of the face value of (₹) 10
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
21-Sep-21
23-Sep-21
175.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 85     Further Multiples of : 85
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
124.45
Anand Rathi Advisors Ltd
Project Financed
170.78
 
Post Issue
39.00
 
Issue Price
175.00
 
Projects
Purchase of Machinery and Equipment
Funding Incremental Working Capital Requirements of the Company
Repayment or prepayment of all or a portion of certain borrowings/outstanding Loan facilities availed by the company
General Corporate Purposes
Promoted By
Sharad Virji Shah
Munjal Sharad Shah
Listing At
BSE
NSE
Registrar to the Issue
No Data Available!!!
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