Companies that were primarily vendors to Isro have started warming up to the idea of investing in technology and making bigger bets in the space sector, especially after the success of the Chandrayaan-3 mission
The year 2016 was a bag of mixed fortunes for the Indian Space Research Organisation (ISRO) with successes on the technological front and setbacks on the legal front.
Paras Defense And Space Technologies Limited gets SEBI approval to float IPO equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
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.
Paras Defence files papers for IPO - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.