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Paras Defense And Space Technologies Ltd. files for IPO Posted On: 2021-03-09 09:02:34 (Time Zone: Arizona, USA) Paras Defense And Space Technologies Ltd., one of the Indigenously Designed Developed and Manufactured Company (IDDM) category private sector company in India, primarily engaged in designing, developing, manufacturing and testing of a wide range of defense and space engineering products and solutions; has filed its Draft Red Herring Prospectus (DRHP) with the markets regulator for IPO. The Issue will comprise of a Fresh Issuance of equity shares aggregating up to Rs 120 cr and an Offer For Sale of up to 17,24,490 equity shares by Promoter Selling Shareholders and Individual Selling Shareholders. The Company, in consultation with BRLMs, may consider a pre-ipo placement of equity shares for cash consideration aggregating up to Rs. 35 crore; further to which particular amount raised from the pre-ipo placement will not be reduced from the fresh issue.

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