Paras Defense IPO Share Allotment: The IPO of Paras Defense and Space Technologies Ltd has received a great response from investors. This IPO has got an overall subscription of about 304 times. It has become the most subscribed issue of this year and also of 2020. Retail investors or Institution investors, everyone has shown a lot of interest in this. This IPO is going to be listed in the market on October 1. At the same time, those who had invested money in it, they will be allotted shares on September 28, which will come in the demat account by September 30. If you look at the subscription, then the listing of the stock can be done at a bumper premium. In such a situation, you will also have to wait for the share. In a few easy steps, you can see whether your bet on this IPO is done or not.
Excellent response from investors to IPO
The IPO of Paras Defense has received a great response from investors. It is subscribed about 304 times overall. For retail investors, 35 per cent was reserved for it and on the last day it was filled almost 113 times. 50 per cent of the issue was reserved for qualified institutional investors, which is close to 170 times full. At the same time, 15 per cent was reserved for non-institutional investors, which has been filled about 928 times so far.
Option 1: From BSE website
- For this, first you have to go to the website of BSE.
- Link: bseindia.com/investors/appli_check.aspx
- After that the Equity box has to be checked.
- Then you have to enter the name of the issue in the dropdown.
- After that you have to type your application number in the box.
- After that you will have to provide your PAN number.
- Finally, you have to click on the search button, after which complete information will be revealed.
Option 2: On the Registrar’s website
- Link Intime India Private Ltd is the registrar of this issue.
- For this IPO, one has to go to the registrar’s website.
- Link: linkintime.co.in/MIPO/Ipoallotment.html
- In the dropdown type the company name .
- After this enter PAN number, application number or depository/client ID in the box
- Then enter the captcha and click on the search button. Then you will know your status.
Company business
Paras Defense and Space Technologies is engaged in the business of Defense and Space Optics, Defense Electronics, Electromagnetic Pulse Protection Solutions and Heavy Engineering. The company will use the funds received from the IPO to meet the working capital requirements besides purchase of machinery and equipment. Apart from this, a part of the fund will be used by the company for repayment of debt and for general corporate purposes.
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