Paras Defence is one of India’s leading developers and manufacturers of defence and space engineering products. The company closed its IPO subscription on 23 September 2021. This public issue had a total valuation of Rs. 170.78 crores, including fresh issue equity shares of up to Rs. 140.60 crores and the remaining as an OFS.
At the end of its third day of subscription, this IPO amassed a mammoth subscription of 304.26 times. The share allotment of Paras Defence IPO will be on 28 September 2021.
That mentioned, here are the ways one can check the allotment status of Paras Defence IPO.
Here is a step-by-step guide on how to check the allotment status of Paras Defence IPO on BSE –
Step 1: Visit the official website of BSE or Bombay Stock Exchange
Step 2: Navigate to the dropdown menu
Step 3: Check the box mentioning ‘Equity’ beside ‘Issue type’
Step 4: Select Paras Defence as ‘issue name’
Step 5: Enter PAN details and IPO application number
Step 6: Check the option ‘I am not a robot’ and click on ‘Submit’
Besides the BSE website, you can also review the allotment details of Paras Defence IPO via Angel One’s website. Read on to know the process.
Here is a step-by-step guide on the process of checking Paras Defence IPO allotment status via Angel One App –
Step 1: Log in to your Demat account
Step 2: Search for the ‘investment opportunities’ tab
Step 3: Click on ‘IPOs and FPOs’ option
Step 4: Select the option of ‘order book’
Once you complete these aforementioned steps, you can check the allotment status of Paras Defence.
Furthermore, you will come across the following three options under allotment status –
Allotted: This indicates that you have received the full allotment of shares that you have applied for.
Partially allotted: It means you have received a portion of shares against the actual number you actually bid for.
No allotment: It signifies that you have failed to receive an allotment for Paras Defence IPO.
Moreover, if you manage to receive the allotment for Paras Defence IPO, you can expect to receive these shares in your Demat Account on 30 September 2021. Alternatively, you should note that the refund process will be initiated from 29 September 2021.
Therefore, if you do not receive an allotment, you can expect the refund on 29 September 2021.
The space and defence component manufacturer has performed well during IPO with 304.26 times subscription. Furthermore, it has performed well across every investor segment. Here is a quick overview –
With the assistance of funding received through a public offering, Paras Defence planned to fund its working capital needs. Also, the company has plans to fund its capital expenditure requirements, and repay its debts, partially or fully. Meeting general corporate purposes is also a part of the agenda here.
The processes discussed above are the two easiest ways to check the allotment status of Paras Defence’s IPO. Investors can now decide on either of them depending on their convenience and keep the required details handy to streamline this process. However, individuals who fail to secure an allotment during IPO can purchase shares of Paras Defence once they are listed.
Paras Defence shares are getting listed on 1 October 2021.
The shares of Paras Defence IPO will be listed on NSE and BSE.
You will only need the IPO application number and PAN details to check the allotment details of the Paras Defence IPO.
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