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.