Paras Defence and Space Technologies limited, headquartered in Mumbai is a private Indian company that designs, develops, manufactures, and tests a complete range of defence and space engineering products and systems. They provide a diverse variety of products and services for both defence and space applications. They have a variety of 33 different product and solution segments as of December 31, 2020, with many variants in each segment.

Paras Defence and Space Technologies is the only Indian company with the design capability for space-optics and opto-mechanical assemblies and is one of the leading providers of optics for various Indian defence and space programs. The company has 2 manufacturing plants in Maharashtra and is in the process of expanding its current manufacturing facility at Nerul in Navi Mumbai.

Main clients for the firm are ISRO, Defence R&D Organization, Bharat Electronics, Hindustan Aeronautics Limited, Bharat Dynamics Ltd, Israel Aerospace Industries, Rafael Advanced Defense Systems, L & T, Godrej & Boyce, Tata Consultancy Services and Tata Power.

Objects of the Issue:

• 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.

Company Financials:



Paras Defence and Space Technologies IPO Details:



Paras Defence and Space Technologies IPO Tentative Timetable:



Paras Defence and Space Technologies IPO Lot Size

The Paras Defence and Space Technologies IPO market lot size is 85 shares. A retail-individual investor can apply for up to 13 lots (1105 shares or ₹193,375).

Paras Defence and Space Technologies IPO Promoter Holding

• Pre-Issue Share Holding - 79.4%
• Post-Issue Share Holding - 59.71%

How to apply for IPO?

1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.

List of banks that support ASBA. https://www.bsesme.com/static/getlis...x?expandable=0

2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.

Refer to this video to apply for IPO using UPI at Zerodha.