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Paras Defence & Space technologies Ltd  

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Paras Defence & Space technologies Ltd  

Paras Defence & Space technologies Ltd

 

  1. Pricing Of the Issue :
IPO Opening Date Sep 21, 2021
IPO Closing Date Sep 23, 2021
Issue Type Book Built Issue IPO
Face Value Rs.10 per equity share
IPO Price Rs.165 to Rs.175 per equity share
Market Lot 85 Shares
Listing At BSE, NSE
Issue Size Rs. 170.78 Crs
Fresh Issue Rs. 140.6 Crs (8034286 Eq. Shares of Rs.10 each)
Offer for Sale 1724490 Eq Shares of Rs. 10
(aggregating up to ₹30.18 Cr)
BRLM Anand Rathi Advisors

 

The company has undertaken a Pre-IPO Placement of 2,552,598 Equity Shares at average price of Rs. 134.76/ – per share, aggregating to ₹ 34.40 Crore.

2.Planned Usage of Funds:

  • Fund capital expenditure requirements.
  • Funding incremental working capital requirements.
  • Repayment or prepayment of all or a portion of certain borrowings/outstanding loan facilities availed by the company.
  • General Corporate purposes.

 

3.Promoters:

  • Sharad Virji Shah is the Chairman of the company.
  • Munjal Sharad Shah is the Managing Director of the company.
  • Harsh Dhirendra Bhansali is the Chief Financial Officer of the company.

 

4.Products& Services, Places & Plants:

Paras Defence and Space Technologies Limited (“Paras Defence”) was incorporated on June 16, 2009. Paras Defence is one of the leading ‘Indigenously Designed Developed and Manufactured’ (“IDDM”) category Indian private sector company engaged in designing, developing, manufacturing and testing of a wide range of defence and space engineering products and solutions.

Paras Defence caters to 5 major segments of Indian defence sector:

  • Defence and Space Optics: High precision optics for defence and space applications such as thermal imaging and space imaging systems;
  • Defence Electronics: Providing a wide array of high performance computing and electronic systems for defence applications, including sub systems for border defence, missiles, tanks and naval applications;
  • Electro-Magnetic pulse (“EMP”) protection solution: EMP Racks, EMP filters used for protection of data and power lines within a rack/shelter/room against electro-magnetic pulse or interference.
  • Heavy Engineering: components for rockets and missiles along with mechanical manufacturing support to other verticals.
  • Niche Technologies: identified and partnered with some of the leading technology companies around the world in order to indigenise advanced technologies in the defence and space sectors for catering to the Indian market.

Order Book as on June 30,2021:

Particulars No. of orders Value (Rs.Crs)
Defence and Space Optics 37 202.64
Defence Electronics 49 70.56
Heavy Engineering 34 31.79
Total   304.99

 

  1. Participation in Equity:
  Pre – Offer   Post – Offer
Shareholders No. of Shares % of Capital Shares Offered No. of Shares % of Capital
Promoter & Promoter Group 24587250 79.40% 1300000 23287250 59.71%
Public – Individual 2837498 9.16% 424490 2413008 6.19%
Public – Others 3541027 11.44%   13299803 34.10%
Total 30965775 100.00% 1724490 39000061 100.00%

 

Post Issue Market Cap = Rs. 683 Crs. (At Upper Price Band, 39000061* Rs.175)

 

6.Performance, Prospects & Pains:

Financial Info:

7.Peers:

The Company does not have any listed peers in India.

 

8.Policy:

Any Change in the New Industrial Policy and from Department of Military Affairs will ffcet the Company.

 

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