Paras Defence IPO: Allotment done, check status online; know listing date

Mirroring massive investor interest, the initial public offer of Paras Defence and Space Technologies received a whopping 304.26 times subscription on the closing day. The finalisation of allotment has been done. The listing of Paras Defence is expected to take place on 1st October 2021.

Here is how you can check Paras Defence IPO Allotment Status online directly through Link Intime, BSE links; check step by step guide:-

How to check Paras Defence IPO Allotment Status online on Link Intime
 
Step 1 - Login at Link Intime web link — linkintime.co.in/MIPO/Ipoallotment.html
 
Step 2 - Select Paras Defence IPO
 
Step 3 -  Enter your PAN details
 
Step 4 -  Click at 'Search' option
 
You will get to know the Paras Defence IPO allotment status of your application
 
How to check Paras Defence IPO Allotment Status online at BSE:-
 
Step 1- Login at BSE link — bseindia.com/investors/appli_check.aspx
 
Step 2- Select Paras Defence IPO
 
Step 3- Enter your Paras Defence IPO application number
 
Step 4- Enter your PAN card details
 
Step 5 - Click at 'I'm not a robot'
 
Step 6 - Click at 'Submit' button
 
You will get to know the Paras Defence IPO allotment status of your application
 
Paras Defence IPO 
 
-The IPO had received bids for 2,17,26,31,875 shares against 71,40,793 shares on offer, according to an update on the NSE. The non-institutional investors category received a massive 927.70 times subscription, Qualified Institutional Buyers (QIBs) 169.65 times and Retail Individual Investors (RIIs) 112.81 times.
 
-The Initial Public Offer (IPO) includes a fresh issue of up to Rs 140.6 crore and an offer for sale of up to 17,24,490 equity shares. Price range for the offer was at Rs 165-175 apiece.
 
-Proceeds of the fresh issue would be used to fund capital expenditure requirements, to support incremental working capital needs, and repayment or prepayment of loans availed by the company.
 
-Anand Rathi Advisors was the manager to the offer. 
 
-The shares of the company would be listed on the BSE and NSE. 
 
Paras Defence and Space Technologies
 
-The company is engaged in designing, developing, manufacturing, and testing a wide range of defence and space engineering products and solutions.
 
-Paras Defence and Space Technologies' business is highly dependent on projects and programmes that are undertaken by the central government and associated entities, such as defence public sector undertakings and government organisations involved in space research.