Paras Defence IPO Allotment Date, Status: Check online directly on Link Intime, BSE - Here is how; listing likely on Oct 1 on NSE, BSE

Paras Defence IPO Allotment Status Check Online: 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 on Thursday. The finalisation of allotment is expected to happen on Friday, 28th Sept 2021. Here is how you can check Paras Defence IPO Allotment Status online directly through Link Intime, BSE links; check step by step guide:-

 

 

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

 

 

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

 

 

-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 IPO: Expected Date of Listing - 1st October 2021

 

 

-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.