IPO

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The IPO share allotment for Paras Defence and Space Technologies will be finalised today. The Mumbai-based defence engineering company’s IPO had received a stellar response earlier this month.

Paras Defence and Space Technologies, a Mumbai-based defence engineering company, will announce final IPO share allotment on September 28.

The company’s Rs 171 crore initial public offering (IPO) received a resounding response from investors when it was open for subscription from September 21-23.

The public issue was subscribed 304 times, suggesting that applications were received for 2,17,26,31,875 shares against the total issue of just over 71 lakh shares. To sum it up, investors had bet over Rs 38,000 crore on the company’s Rs 171 crore IPO.

Paras Defence IPO
Paras Defence IPO

Many investors are anxiously waiting for the company’s final share allotment later in the day. There are two ways through which investors can check the share allotment. Investors can visit the Bombay Stock Exchange (BSE) website or the IPO registrar’s website.

Check status like this

  • First of all go to BSE website or NSE website
  • Select Equity on BSE and select Paras Defense and Space Technologies from the dropdown menu
  • Now enter your application number and PAN
  • then click on saerch
  • Keep in mind that the details will be visible here only when you have been allotted shares.

How to check your application status

  • Visit the Registrar’s website here
  • Click on select company and then click on Paras Defense & Space Technologies
  • After selecting the company, you will have to provide PAN details, enter application number or client ID
  • Now enter the captcha and hit the submit button

As soon as you press the submit button, the status of your application will be displayed on the screen. If not visible then check your details once which have been entered. It shows how many shares have been allotted in your account. If the shares are not allotted, the company will refund your money immediately.

How much was the bid for IPO

Investors of Paras Defense IPO have bid for 217 crore shares against 71.40 crore shares. The qualified institutional investors’ share has received 169.65 times subscriptions, while the non-institutional investor category has received 927.70 times bids. The company is primarily engaged in the design, development, manufacturing and testing of a variety of Defense and Space Engineering Products and Solutions.

Several market experts had recommended subscribing to the IPO for the long term on strong growth prospects. Shares of Paras Defense and Space Technologies were reportedly trading at a premium of Rs 260 per share, which was 150% higher than the price band of Rs 165-170.

Stock exchange website

  • Visit the official BSE website.
  • On the BSE homepage, click on ‘Equity’. A dropdown menu will appear. Select ‘Paras Defence and Space Technologies ‘.
  • Enter your application and PAN number.
  • After entering the details, click on ‘Search’.

After clicking on the ‘Search’ button, details of the number of shares subscribed and the number of shares allotted to you will be displayed.

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Registrar website

Visit the registrar’s website Link Intime India to check your application status. Choose ‘Select company’ and click on ‘Paras Defence and Space Technologies’.

Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID. Enter the captcha and click ‘submit’.

Once you press ‘submit’, the status of application will appear on the screen.

Paras Defence and Space Technologies is engaged in designing, developing, manufacturing, and testing a wide range of defence and space engineering products and solutions.

The company’s business is highly dependent on projects and programmes that are 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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