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Paras Defence IPO to open on September 21; sets price band at Rs 165-175/share.


Paras Defence and Space Technologies on Thursday said it has fixed a price band of Rs 165-175 a share for its Rs 171-crore initial share sale.

The three-day initial public offering (IPO) will open for subscription on September 21 and conclude on September 23, the company said in a statement. The offering comprises fresh issuance of shares worth Rs 140.6 crore and an offer of sale (OFS) of up to 17,24,490 equity stocks by promoters and existing shareholders.


Those selling shares on the OFS are promoters — Sharad Virji Shah, Munjal Sharad Shah and individual selling shareholders are — Munjal Shah, Shilpa Amit Mahajan and Amit Navin Mahajan.


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