Ami Organics Limited IPO
August 31, 2021Nifty adds 8 stocks in NSE F&O
October 1, 2021
Paras Defence and Space Technology Limited IPO
Open: Sept 21, 2021 | Close: Sept 23, 2021
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About the Business
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.
Funds from the fresh issue will be used for
The Company will utilize fresh issue proceeds to fund capital expenditure requirements, to fund incremental working capital requirements, for repayment or prepayment of all or a portion of certain borrowings/outstanding loan facilities availed by the company and for general Corporate purposes..
Company Financials: (in crores)
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