Photo: Republic World
Paras Defence & Space Technologies Makes IPO Debut, Oversubscribed By 71%
The Initial Public Offering (IPO) of Paras Defence and Space Technologies concluded in September and the shares listed were surprisingly fully subscribed within an hour of the sale. The company is amongst the leaders of the ‘indigenously designed developed and manufactured’ defence and space sector enterprises. Even though the sales of the company took a plunge during the pandemic and the EBITDA margins expanded during the period.
Tags: Stock market, Paras Defense IPO, IPO, SHARE MARKET
Courtesy: The Financial Express
Photo: IITM
Paras Defence Announces Its IPO Share Allotment
Paras Defence and Space Technologies on September 29 announced the share allotment for its initial public offer. The allotment status can be checked online. The updated records are available on the official website of BSE. The issue earlier broke all records of subscription as it was highly oversubscribed. The offer included a fresh issue of up to ₹140.6 crore and an offer for sale of up to 17,24,490 equity shares.
Tags: IPOs, Paras Defense IPO, SHARE MARKET, COMPANY SHARES
Courtesy: Livemint
