Paras Defence IPO: Listing gain, long-term? Should you subscribe? Check Anil Singhvis strategy for this issue
The offer comprises fresh issuance of shares worth Rs 140.6 crore and OFS of up to 17,24,490 equity stocks by promoters and existing shareholders.
As the Initial Public Offer (IPO) of Paras Defence and Space Technologies opened today (September 21), Zee Business Managing Editor in his preview has suggested to subscribe this share sale for bumper listing gains and with a long-term perspective.
The three-day IPO of Paras Defence will remain open between September 21 to 23, 2021. The price band has been fixed at Rs 165-175 per share for its Rs 171-crore IPO. It comprises fresh issuance of shares worth Rs 140.6 crore and OFS of up to 17,24,490 equity stocks by promoters and existing shareholders.
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Paras Defence IPO opens tomorrow: Top 10 things to know, including key dates and how to check allotment statusProceeds of the fresh issue would be used to fund capital expenditure requirements, support incremental working capital needs and repayment or prepayment of loans availed by the company.
Paras Defence and Space Technologies business is highly dependent on projects and programmes undertaken by the central government and associated entities, such as defence public sector undertakings and government organisations involved in space research.
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