InvestorQ : Has the price band for the Paras Defence IPO been fixed? Do you suggest buying into the IPO of Paras Defence?
Rutuja Nigam made post

Has the price band for the Paras Defence IPO been fixed? Do you suggest buying into the IPO of Paras Defence?

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2 months ago
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The Rs.171 crore IPO of Paras Defence and Space Technologies consists of Rs.141 crore by way of fresh issue and Rs.30 crore by way of offer for sale or OFS. Th issue will open for subscription on 21-Sep and close on 23-Sep. The company has just announced its price band in the range of Rs.165-175 per share. At the upper end of the price band fixed, the market capitalization of Paras Defence works out to Rs.683 crore.

Paras Defence works extensively in the field of design, development, manufacture and testing of defence products. It basically serves government agencies and state owned PSU defence companies. It specializes in space engineering. For investors it is a novel way to participate in the fast growing domestic defence story, where local sourcing is proving to be a huge incentive for a plethora of Indian defence companies to bag big defence orders.

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