Paras Defence and Space Technologies

IPO Size

`170.78 Cr

Price Band

`165-175 Per Share

Minimum Lot Size

1 lot of 85 Share

Face Value

`10 Per Share

Employee Discount

NA

Retail Allocation

NA

Issue Open Date

21 Sept 2021

Issue Close Date

23 Sep 2021

Listing Date

1 Oct, 21

About the Company:

founded in the year 2009,Paras Defence and Space Technologies limited  is one of the leading manufacturer of optics for space and defence application in India. It is the only company in India having  capabilities to design space-optics and opto-mechanical assemblies. The company is engaged in designing developing and testing  variety of space and defence  engineering products and solutions.

The company has 2 manufacturing units in Maharashtra. It is also in the process of expanding  its current manufacturing facility at Nerul in Navi Mumbai.

 

Financial Statements:

Income Statement in Millions

FY21

FY20

FY19

Gross Operating income

1433

1470

1544

Cost of employee and inventory

117.00

110

89.7

other expenses

876.00

963.00

932.7

EBITDA

441.00

397.00

456.5

Depreciation

323.00

315.00

94

Interest

131.00

102.00

93.8

Profit before tax and exceptional items

216.00

218.00

268

Exceptional Items

-

-

-

Profit before tax

226.00

218.00

268.75

TAX

68.00

21.00

78.4

Profit After tax

158.00

197.00

190.3

Promoter of the Company

Sharad Virji Shah and Munjal Sharad Shah

Objectives of the Issue

Offer for Sale

The issue is the combination of fresh issue and offer for sale. Company will not receive any proceeds from the Offer for Sale. The Selling Shareholders will be entitled to the proceeds of the Offer for Sale after deducting their proportion of Offer related expenses and relevant taxes thereon.

Fresh Issue

140.60

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