Paras Defence IPO share allotment this week! Check status via BSE and Link Intime websites; step-by-step guide here

Paras Defence and Space Technologies IPO share allotment is likely to take place this week. The public offering got a record subscription of 304.26 times on September 23, the final day of the issue. 

As per the information available on BSE, the Non-Institutional Investors category is subscribed 927.70 times, while the Retail Investors category has been subscribed 112.81 times and the Qualified Institutional Buyers (QIBs) subscribed the issue 169.65 times.

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Investors who have placed their bids for the Paras Defence IPO can check the allotment status online, once announced, by logging in at the BSE website that is bseindia.com or at the website of official registrar of the IPO, i.e. Link Intime India Private Ltd (linkintime.co.in). Check the process here:

Steps to check Paras Defence IPO allotment status via BSE:

Step 1: Go to the official website of BSE or click on the link: bseindia.com/investors/appli_check.aspx.

Step 2: From the dropdown menu select 'Equity' for issue type.

Step 3: Now, select the name of the IPO.

Step 4: Verify your application number and PAN number.

Step 5: Hit search button and you will be able to see your IPO allotment on the screen.

Steps to check Paras Defence IPO Allotment via Link Intime:  

Step1: Go to the official website of Link Intime India Private Limited or click on the link: https://linkintime.co.in/MIPO/Ipoallotment.html.

Step 2: Select IPO Name.

Step 3: Fill in details such as PAN number, application number or DP ID.

Step 4: Now, click on 'Search' Button and you will be able to see your Allotment on the screen.

The defence company aims to raise Rs 171 crore from this public issue, out of which Rs 140.6 crore is targeted through fresh issue, while Rs 30 crore is aimed through OFS (offer for sale). The company a day before its IPO had garnered Rs 51.23 crore from five anchor investors. The price band of the IPO has been fixed at Rs 165-175 a share for its Rs 171-crore initial share sale.