Paras Defence IPO
i. Paras Defence is an Indian private sector company engaged in designing, developing, manufacturing and testing a wide range of defence and space engineering products and solutions. It is one of the leading ‘Indigenously Designed Developed and Manufactured’ (“IDDM”) category private sector companies in India which caters to four major segments of the Indian defence sector i.e. defence and space optics, defence electronics, electro-magnetic pulse (“EMP”) protection solution and heavy engineering.
ii. They are also the sole Indian supplier of critical imaging components such as large size optics and diffractive gratings for space applications in India. They have five principal categories of product offerings: defence and space optics, defence electronics, EMP protection, heavy engineering for defence and niche technologies.
iii. Its defence and space optics operations include manufacturing high precision optics for defence and space applications such as thermal imaging and space imaging systems. They are one of the leading providers of optics for various Indian defence and space programmes, and the only Indian company with the design capability for space-optics and optomechanical assemblies. Our defence electronics operations include providing a wide array of high-performance computing and electronic systems for defence applications, including subsystems for border defence, missiles, tanks and naval applications.
iv. It has two manufacturing facilities in Maharashtra, located at Nerul in Navi Mumbai and Ambernath in Thane. Its Nerul facility is an advanced nanotechnology machining centre for producing high-quality optics and ultra-precision components. Its Ambernath facility is engaged in the manufacturing of heavy engineering products such as flow-formed motor tubes, vacuum brazed cold plates, titanium structures and assemblies, large and heavy dynamic structures with built-in automation for strategic applications, indigenously designed and manufactured flow-forming machines and mechanical racks, cabinets and consoles for various defence applications.
i. Wide range of products and solutions
ii. Strong R&D capabilities
iii. Experienced management team
Objects of the Paras Defence IPO:
Paras Defence IPO Details:
|Open Date:||Sep 21 2021|
|Close Date:||Sep 23 2021|
|Face Value:||₹ 10 Per Equity Share|
|Issue Size:||170.78 Cr.|
|Lot Size:||85 Shares|
|Issue Price:||₹ 165 - 175 Per Equity Share|
|Listing Date:||Sep 01 2021|
Promoters And Management:
Financials of Paras Defence IPO:
|Particulars (in Millions)||Mar 20||Mar 19||Mar 18|
|Revenue from operations||1,470.43||1,543.99||1,492.56|
|Cost of material||739.75||955.23||948.04|
|Changes in inventory||-15.81||-116.39||-164.88|
|Employee Benifit Expense||109.64||89.77||68.62|
|Excise Duty and Service Tax||-||-||61.7|
|Depreciation and amortisation||97.13||94.06||66.81|
|Profit before tax||217.92||268.11||304.13|
|Total tax expenses||78.41||78.41||53.33|
|Profit for the year||196.57||189.7||250.8|
Comparison With Peers:
Recommendation on Paras Defence IPO:
To be updated shortly.