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Paras Defence and Space Technologies IPO: Paras Defence and Space Technologies files IPO papers


NEW DELHI: Paras Defence and Space Technologies has filed preliminary papers with market regulator Securities and Exchange Board of India (Sebi) to float an initial public offer (IPO). The offering comprises fresh issuance of shares worth Rs 120 crore and an offer of sale of up to 17,24,490 equity stocks by promoters and existing shareholders, the draft red herring prospectus (DRHP) filed with Sebi showed.
The company is considering a pre-IPO placement of equity shares worth Rs 35 crore.
Proceeds of the fresh issue would be used to fund capital expenditure requirements, to support incremental working capital needs and repayment or prepayment of loans availed by the company. ....

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Paras Defense And Space Technologies Ltd. files for IPO


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 is ....

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Paras Defence and Space Technologies files DRHP for IPO


Paras Defence and Space Technologies files DRHP for IPO
Paras Defence and Space Technologies is engaged in designing, developing, manufacturing and testing of a wide range of defence and space engineering products and solution.
BusinessToday.In | March 9, 2021 | Updated 22:42 IST
The company s offer comprises of issue of fresh equity shares aggregating up to Rs 120 crore and an offer for sale for 17.24 lakh shares.
Paras Defence and Space Technologies Ltd has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for its initial public offer (IPO).
The company s offer comprises of issue of fresh equity shares aggregating up to Rs 120 crore and an offer for sale for 17.24 lakh shares by the existing shareholders. The company is also considering a pre-IPO placement of up to Rs 35 crore, as per the DRHP. ....

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