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Paras Defence and Space Technologies are primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company has five major product category offerings - Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies. Paras Defence and Space Technologies is the only Indian company with the design capability for space-optics and opto-mechanical assemblies and is one of the leading providers of optics for various Indian defence and space programs. The company also delivers customized turnkey projects in the defence segment. The company has partnered with some of the leading technology companies around the world to indigenize advanced technologies in the defence and space sectors for the Indian market. The company has 2 manufacturing plants in Maharashtra and is in the process of expanding its current manufacturing facility at Nerul in Navi Mumbai. Competitive Strengths Wide range of products and solutions offerings for defence and space applications. One of the few manufacturers of optics for space and defence application in India. Companies offerings are aligned with the “Atmanirbhar Bharat” and “Make in India” initiatives by the government. Strong R&D capabilities with a focus on innovation. Strong customer relationship with government arms and government organizations. Strong experienced management. Summary of financial Information (Restated Consolidated) Particulars For the year/period ended (₹ in millions) 31-Mar-21 31-Mar-20 31-Mar-19 Total Assets 3,627.58 3,423.86 3,297.48 Total Revenue 1,446.07 1,490.51 1,571.69 Profit After Tax 157.86 196.57 189.70 Objects of the Issue: Fund capital expenditure requirements. Funding incremental working capital requirements. Repayment or prepayment of all or a portion of certain borrowings/outstanding loan facilities availed by the company. General Corporate purposes. Paras Defence and Space Technologies IPO Details IPO Opening Date Sep 21, 2021 IPO Closing Date Sep 23, 2021 Issue Type Book Built Issue IPO Face Value ₹10 per equity share IPO Price ₹165 to ₹175 per equity share Market Lot 85 Shares Min Order Quantity 85 Shares Listing At BSE, NSE Issue Size [.] Eq Shares of ₹10 (aggregating up to ₹170.78 Cr) Fresh Issue [.] Eq Shares of ₹10 (aggregating up to ₹140.60 Cr) Offer for Sale 1,724,490 Eq Shares of ₹10 (aggregating up to ₹30.18 Cr Paras Defence and Space Technologies IPO Lot Size The Paras Defence and Space Technologies IPO market lot size is 85 shares. A retail-individual investor can apply for up to 13 lots (1105 shares or ₹193,375). Application Lots Shares Amount (Cut-off) Minimum 1 85 ₹14,875 Maximum 13 1105 ₹193,375 Paras Defence and Space Technologies IPO Promoter Holding Pre Issue Share Holding 79.4% Post Issue Share Holding 59.71% 2
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