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Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
Paras Defence and Space Technologies Ltd
Registered Office:
D-112 TTC Industrial Area MIDC,Nerul,
Navi Mumbai - 400706,
Maharashtra, India.
Initial Public Offering of up to [*] equity shares of face value of (Rs) 10 each ("equity shares") of our company for cash at a price of (Rs) [*] per equity share (including a share premium of (Rs) [*] per equity share) ("offer price") aggregating up to (Rs) [*] crores ("offer") comprising of a fresh issue of up to [*] equity shares aggregating up to (Rs) 140.60 crores on by our company ("fresh issue") and an offer for sale of up to 1,724,490 equity shares aggregating up to (Rs) [*] crores ("offer for sale"), comprising of up to 1,250,000 equity shares aggregating up to (Rs) [*] crores by Sharad Virji Shah, up to 50,000 equity shares aggregating up to (Rs) [*] crores by Munjal Sharad Shah (Sharad Virji Shah and Munjal Sharad Shah collectively referred to as the "Promoter selling Shareholders"), up to 300,000 equity shares aggregating up to (Rs) [*] crores by Ami Munjal Shah, up to 62,245 equity shares aggregating up to (Rs) [*] crores by Shilpa Amit Mahajan and up to 62,245 equity shares aggregating up to (Rs) [*] 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"). our company has undertaken the pre-ipo placement by way of private placements of 2,552,598 equity shares for cash consideration aggregating to (Rs) 34.40 crores ("pre-ipo placement"). the size of the fresh issue has not been reduced pursuant to the pre-ipo placement. The face value of equity shares is (Rs) 10 each. The price band of 165 to 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
165.00-175.00
0.00-0.00
Minimum Application for shares in Nos : 85     Further Multiples of : 85
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
0.00
Anand Rathi Advisors Ltd
Project Financed
169.05
 
Post Issue
0.00
 
Issue Price
165.00
 
Projects
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
BSE
NSE
Registrar to the Issue
Link Intime India Pvt Ltd
DB (International) Stock Brokers Limited: SEBI Reg. No.-INZ000179035 / CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Daga Commodities Private Limited: SEBI Reg. No. INZ000028833
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
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