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Saravan Stocks
IPO Synopsis
Paras Defence and Space Technologies Ltd
Registered Office: D-112 TTC Industrial Area MIDC,Nerul, Navi Mumbai - 400706, Maharashtra, India.
Phone : 91-22-69199999   Fax:
Email :  
Website :
Initial public offering of 9,758,776* equity shares of face value of Rs. 10 each (ôequity sharesö) of our company for cash at a price of Rs. 175 per equity share (including a share premium of Rs. 165 per equity share) (ôoffer priceö) aggregating to Rs. 170.78 crores ("Offer") comprising of a fresh issue of 8,034,286* equity shares aggregating to Rs. 140.60 crores by the company ("Fresh Issue") and an offer for sale of 1,724,490* equity shares aggregating to Rs. 30.18 crores ("Offer for sale"), comprising of 1,250,000* equity shares aggregating to Rs. 21.88 crores by sharad Virji Shah, 50,000* equity shares aggregating to Rs. 0.87 crores by Munjal Sharad Shah (Sharad Virji Shah and Munjal Sharad Shah collectively referred to as the "promoter selling shareholders"), 300,000* equity shares aggregating to Rs. 5.25 crores by Ami Munjal Shah, 62,245* equity shares aggregating to Rs. 1.09 crores by Shilpa Amit Mahajan and 62,245* equity shares aggregating to Rs. 1.09 crores by Amit Navin Mahajan (Ami Munjal Shah, Shilpa Amit Mahajan and Amit Navin Mahajan collectively referred to as the "individual selling shareholders" and together with the promoter selling shareholders, referred to as the "selling shareholders", such equity shares the "offered shares"). The face value of equity shares is Rs. 10 each. The Offer price is 175 for the equity share of the face value of Rs. 10
Issue Money Payable On
Opens On Closes On Application Allotment
21-Sep-21 23-Sep-21 175.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 85   Further Multiples of : 85
  Rs Cr Lead Managers to the Issue
Project Cost 124.45 Anand Rathi Advisors Ltd
Project Financed through Current Offer 170.78  
Post Issue Equity Share Capital 39.00  
Issue Price 175.00  
Purchase of Machinery and Equipment Funding Incremental Working Capital Requirements of the Company
Repayment or prepayment of all or a portion of certain borrowings/outstanding Loan facilities availed by the company General Corporate Purposes
Promoted By
Sharad Virji Shah
Munjal Sharad Shah
Listing At
Registrar to the Issue
Link Intime India Pvt Ltd
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Email ID:       Customers grievances :     Compliance officer : Mr.G Anand ,
Hit Count : 18054641
SEBI Regn.Nos : NSE/BSE-INZ000192638 | CDSL : IN-DP-262-2016  |  MCX : INZ000081736
Member IDs : NSE : 11221 | BSE : 6292 | CDSL : 12045000 | MCX : 12815 | AMFI Regn.No : 2662
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