The IPO of Paras Defense will be listed in the stock market on Friday. Last week, a record 304 times subscription was received for its issue. According to indications from the gray market premium, Paras Defense may get listed at a premium of 140 per cent. Even if we look at the history of IPOs that have been subscribed more than 150 times, it is also known that Paras Defense can have a bang entry in the stock market.
The only risk to this estimation is the ongoing fall in the stock market, which could leave a negative impression on the mood of investors. The Sensex closed with a fall of over 300 points on Wednesday. On the other hand, there was a decline on Monday and Tuesday as well.
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Looking at the history of IPO, Salasar Techno Engineering’s IPO, which came in 2017, was bid 273 times more. This was the record for getting maximum subscriptions at that time, which was held for nearly four years. Paras Defense broke this record on 23 September. Salasar’s IPO was listed in July 2017 at a premium of 139.35%. It made its debut on the BSE at Rs 259.15, while its issue price was Rs 108 per share.
Similarly, in January 2018, Apollo Micro Systems got 248.51 times higher bids and gave a listing gain of 73.82%. The share was listed on BSE at Rs 478, while its issue price was Rs 275.
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Similarly, the IPO of Astron Paper & Board Mill was subscribed more than 243 times in December 2017 and gave a listing gain of 130%. This year also 4 IPOs got bids in the range of 160 to 200 times. These include MTAR Technologies, Tatva Chintan Pharma, Nazara Technologies and Easy Trip Planners.
Of these, MTAR Technologies gave a listing gain of 85%, Tattva Chintan Pharma 95% and Najara 79%. However, Easy Trip Planners has been an exception to all these, which listed at a premium of just 13.5%. The IPO of Easy Trip Planners was oversubscribed 159 times, so its listing profit can be considered very low.
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Going by the numbers, it is revealed that in the recent past, the worst listing in the issue which was subscribed more than 100 times was Easy Trip Planning.
Happiest Minds entered in September 2020 with a listing gain of 11%. Burger King’s IPO gave a return of 92%. Seeing these figures, investors’ expectations from Paras Defense’s IPO have increased.
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