Paras Defence and Space Technologies is likely to announce the allotment status of its initial public offering (IPO) on Tuesday, September 28. The Mumbai-based defence company’s Rs 170 crore IPO was subscribed 304 times, making it one of the most highly subscribed IPOs in history of capital markets in the country.
Investors bid for 217 crore shares as against 71.40 crore shares on offer. The portion for qualified institutional investors was subscribed 169.65 times, while the non-institutional investor category received a bid for 927.70 times.
Paras Defence is involved in defence and space optics, defence electronics, heavy engineering, electromagnetic pulse protection solutions and niche technologies. Its major clients are Bharat Electronics, Bharat Dynamics and Hindustan Aeronautics.
Anand Rathi Securities is the book running lead manager for the IPO while Link Intime India Private is the registrar to the issue.
Here’s how to check allotment status on Link Intime website
- Log into linkintime.co.in/MIPO/Ipoallotment.html
- Select Paras Defence IPO;
- Enter PAN details
- Click on ‘Search’ button
Here’s how to check allotment status on BSE website
- Log into bseindia.com/investors/appli_check.aspx
- Select Paras Defence IPO
- Enter the Paras Defence IPO application number;
- Enter PAN card details
- Click on ‘I’m not a robot’
- Click on the ‘Submit’ button