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Paras Defence and Space Technology | Paras Defence Wiki.


Paras Defence & Space Technologies Ltd.

Type-  Public.

Industry- Defence & Space.

Category- Manufacturing.

Founded- 2009.

Headquarters- Navi Mumbai.

Area served- India.

Key people- Munjal Sharad Shah.

Products- defence electronics, defence and space optics, heavy engineering.


Revenue- 145 Cr ( 2021 )

Number of employees- 400 plus


Website- www.parasdefence.com/


Paras Defence and Space Technology is India’s leading defence and space products manufacturing company. It was founded in 2009, headquartered located in Navi Mumbai, Maharashtra. The company has engaged in designing, developing, manufacturing and testing a wide range of defence and space engineering products and solutions.

Table of Contents

  • History
  • Products and businesses
  • IPO Details
  • Highlights
  • Updates

History

Paras Defence and technology

Paras Defence and Space Technology were incorporated in 2009, its chairman is Sharad Shah and its managing director is Munjal Sharad Shah. The company has worked in five major sectors like Defense and Space optics, Defense electronics, Heavy engineering, Electromagnetic pulse protection solution and Niche technologies.

As of 2021, the company has two manufacturing facilities with a 400 plus workforce and they have capabilities to offer solutions from design to commission of small and large systems.

Products and businesses

Paras Defence and Space Technologies has a wide range of products and solutions based portfolios and offer services for Defence and Space applications. The company products portfolio comprises five major sectors such as defence electronics, defence and space optics, heavy engineering, electromagnetic pulse protection solution and Niche technologies.

Paras Defence is developing several new products and solutions like ARINC-818 avionics display, hyperspectral space camera and naval Periscope and hyperspectral camera for drones & space, UAVs, cube SATS and Anti-drone system. The company will be providing cloud-based NPNT solutions and multispectral cameras for various applications including agriculture. Paras Defence has two manufacturing facilities in Navi Mumbai and Thane, Maharashtra. The Nerul manufacturing facility goes in the process of expanding.

Paras Defence Projects

Paras Defence and Space Technology has a prestigious projects portfolio in different areas in the space and astronomy segments such as TIFCS ELOP, Mars orbital mission ISRO, MACE telescope, Chandrayan 2, Aditya L1. 

In defence electronic segments has AEW & CS DRDO, BLT-T72 vehicle recovery, Integrated submarine sonar, Indigo simulator system, Kamor upgrade, L band surveillance radar MK III, CTI MK I, BARAK 8 missile, ERAS rocket, Remotely control weapons systems, these all are the prestigious company done by the Paras Defence & Space Technologies as of 2021.

Paras Defence projects

IPO Details

The initial public offering of Paras Defence comprises a fresh issue of equity shares aggregating up to 140.60 Cr and an offer for sale of Rs 30.18 Cr. The company IPO opens on 21 Sep 2021 and closes on 23 Sep 2021. The IPO lot size comprises 85 shares.  Paras Defence IPO grey market premium (GMP) today is ₹250 plus, which is around ₹15-20 higher from yesterday. Paras Defence and Space Technologies’ initial public offering was very strong since day one of subscription as it oversubscribed by 304 times on September 23, the final day of bidding. It is the highest subscription received by any IPO since at least 2007.

Highlights

  • Wide range of products and solutions offering for Defence and space.
  • Manufacturing of optics for space and defence application in India.
  • Strong R&D capabilities with a focus on innovation.
  • Strong customer relationship with government arms & government organisations.
  • Strong experience management team.

Updates

  • The non-institutional investor’s category received a massive 927.70 times subscription, Qualified Institutional Buyers (QIBs) 169.65 times and Retail Individual Investors (RIIs) 112.81 times (Mint).
  • The allotment of paras defence shares started on 28 September, the bidder can check their status on the register website link Intime or on the stock exchange BSE website.
  • Paras Defence and Space Technology shares price make a bumper listing on 1 October with a massive 171 per cent premium over the issue price. The stock opened at Rs 475 on the BSE and At Rs 469 on the NSE, against the issue price of Rs 175 per share.
  • Paras Defence is almost triple the investor wealth on a listing, Today it rallied 4% up at a price of Rs 523.65 on BSE and Rs 517.05 on NSE.
  • The board has also approved the incorporation of an Associate Company in association with Krasny Defence, who is a prominent player in the field of defence equipment maintenance and wholesome refits of ICGS.

  • Experts are bullish on the stock, given the company’s order book of Rs 305 crore and the government’s focus on the defence segment through its Aatmanirbhar Bharat and Make in India initiatives, (by moneycontrol).

Register Office
 

Address- D-112, TTC Industrial Area,
Nerul


 City- Navi Mumbai

 
 State- Maharashtra

 
 Pin Code-400 706

 
Email-

business@parasdefence.com

 
Tel.No- Tel. : +91 22 69199999

Web Site- www.parasdefence.com

Management
 
 Sharad Shah

Chairman & Non-Executive Director

 
  Munjal Shah

Managing Director

 
  Shilpa Mahajan

Whole Time Director

 
  Amit Mahajan

Director
 
 Harshal Bansali

CFO

Industry Info.
 
 

Type- Public

 
Founded- 2009
 
 

Area Served- India
 
 

Parent- Paras Defense
 
 
 
 

Details
 
 

BSE: 543367

 
 
 NSE: PARAS
 
 

Series- EQ
 
 

ISIN: INE045601015
 
 
 
 

Paras Defence Technologies FAQ

What is Paras Defence & Space Technologies?

Paras Defence Space Technologies is India's leading defence and space products manufacturing company. It was founded in 2009, headquartered located in Navi Mumbai, Maharashtra. The company has engaged in designing, developing, manufacturing and testing a wide range of defence and space engineering products and solutions.

Which Types of products are manufacture by Paras Defence & Space Technologies?

The company has work in five major sectors like Defense and Space optics, Defense electronics, Heavy engineering, Electromagnetic pulse protection solution and Niche technologies.

What is GMP of Paras Defence IPO?

The IPO lot size comprises 85 shares.  Paras Defence IPO grey market premium (GMP) today is ₹225-230, which is around ₹15-20 higher from its yesterday.

Who is the chairperson of Paras Defence & Space Technologies?

Paras Defence & Space Technologies was incorporated in 2009, its chairman is Sharad Shah and managing director is Munjal Sharad Shah.

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  • Categories
    • Aerospace Industries
      • Data Pattern India limited | Data Pattern IPO Review, GMP, Updates
      • Paras Defence and Space Technology | Paras Defence Wiki.
    • Agriculture Industries
      • India Pesticides Limited | IPL Wiki | IPO Review.
    • Automobile Industries
      • CarTrade Tech Limited IPO | CarTrade Tech Wiki.
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      • Clean Science and Technology Limited | Clean Science Wiki.
      • Tatva Chintan Pharma Chem Limited | Tatva Chintan Pharma Wiki.
    • Fashion Industries
      • Aditya Birla Fashion Retail Limited | ABFRL Share| Wiki.
      • Bewakoof Success Story | Bewakoof.com Wiki.
      • Boat Lifestyle Brand | Boat Audio Wiki.
      • Campus Activewear Limited | IPO Detail Review.
      • FSN E-Commerce Ventures | Nykaa Wiki.
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      • Metro Shoes | Metro Brands Share Update
      • Vedanta Fashion limited | Manyavar IPO Review
      • Wildcraft Private Limited | Wildcraft Wiki.
    • Financial or FinTech Industries
      • Aditya Birla Sun Life AMC Limited | Aditya Birla Sun Life Wiki.
      • ‘Bharat Pe’ Wiki | Payment App.
      • CRED FinTech Startup | CRED Startup Wiki.
      • Navi Technologies loans, Mutual Funds, Insurance Platform.
      • One MobiKwik System Limited IPO | MobiKwik Wiki
      • Policybazaar Wiki | PB Fintech limited
      • Star Health and Allied Insurance | Star Health Wiki
    • Food Industries
      • Adani Wilmar | Fortune Oil IPO Review
      • Amul ( Anand Milk Union Limited) | AMUL Wiki.
      • Britannia Industries Limited | FMCG, Wiki.
      • Balaji Wafers Private Limited | Balaji Wafers Wiki.
      • Devyani International Limited | Devyani International Wiki.
      • Dodla Dairy Limited | Dodla Dairy Wiki.
      • Gopal Namkeen Private Limited | Wiki | Success Story.
      • Haldiram’s Foods International Pvt. Ltd. | Haldiram’s Wiki.
      • Parle Products Pvt Ltd | Parle-G Wiki.
      • Ravalgaon Sugar Farm Limited | Ravalgaon Chocolate Wiki.
      • Swiggy Food Delivery Startup | Swiggy Wiki.
      • Zomato Food Delivery | Zomato Startup Wiki.
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      • MapMyIndia Limited | MapMyIndia IPO, Review, GMP Updates.
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