Paras Defense IPO Listing: Direct Link to Check Share Price

 

Paras Defense Share Price: Paras Defense and Space Technologies had collected a little over Rs 51 crore from anchor financial backers in front of the membership time frame.

New Delhi: Paras Defense IPO today made a superb introduction at the securities exchange as the organization's offers were recorded at a heavy premium of 171%. Portions of Paras Defense and Space Technologies Ltd were exchanging at Rs 498.75, up from its IPO cost of Rs 165 to Rs 175, as per subtleties on the BSE India site

Paras Defense IPO Details

Paras Defense and Space Technologies IPO size was Rs 170.78 crore. Out of the aggregate, the new issue is totaling up to Rs 140.60 crore. The proposal available to be purchased was amassing up to Rs 30.18 crore, according to subtleties gave on the Chittorgarh site.

The IPO had a market part and least request amount of 85 offers.

The first sale of stock was bought on 304.26 occasions. In the QIB portion, the IPO was bought on 169.65 occasions, in the NII segment on 927.70 occasions, in the RII fragment on 112.81 occasions, according to the Chittorgarh site.

Paras Defense and Space Technologies had collected a little over Rs 51 crore from anchor financial backers in front of the membership time frame.

Paras Defense and Space Technologies' business is exceptionally reliant upon activities and projects that are embraced by the local government and related elements, for example, safeguard public area endeavors and government associations engaged with space research, according to a PTI report.

The organization is occupied with planning, creating, assembling, and testing a wide scope of guard and space designing items and arrangements, it said.

Outstandingly, continues of the new issue would be utilized to subsidize capital consumption necessities, to help gradual working capital requirements, and reimbursement or prepayment of credits profited by the organization, according to the PTI report.