Paras Defence IPO Share Allotment: The allotment of shares of Paras Defense and Space Technologies may be final next week on Tuesday, September 28. The great response received by the investors can be gauged from the fact that it was oversubscribed 304.26 times, which is the highest in the last decade. Talking about the primary market, its shares are trading at a premium of Rs 235 against the IPO price. In the gray market, its shares are trading at a premium of 134 per cent i.e. Rs 410 against Rs 175. Its shares can be listed in the market on October 1. Investors can check the allotment status of shares on the website of Registrar Link Intime India and BSE.
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Timeline for issue
- The allotment of shares will be final on September 28.
- For those who are not allotted shares, the process of refund or unblocking of ASBA (Application Supported by Blocked Account) will start on September 29.
- Those who are allotted shares, it will be credited to their account by 30 September.
- The shares of Paras Space and Defense can be listed in the market on October 1.
How to check allotment status through Link Intime India
- Investors can check allotment status at https://linkintime.co.in/MIPO/Ipoallotment.html.
- After reaching this page, select the IPO whose allotment status is to be checked. Here you have to choose Paras Defense and Space.
- After this, application number or DP ID / Client ID or PAN, one of these three options will have to be selected, through whose details the allotment is to be checked.
- If Application Number is selected, then select Application Type and enter Application Number. If DP ID / Client ID is selected then select Depository and enter DPIP, Client ID. If PAN is selected then fill the PAN.
- Fill the captcha and submit.
- The information about the number of shares applied for and the number of shares allotted will be displayed on the screen.
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How to check allotment on BSE website
- You can check the allotment status on BSE website https://www.bseindia.com/investors/appli_check.aspx.
- Select Equity and select the issue name Paras Space & Defense from the drop down menu.
- Enter Application Number and PAN.
- Click on ‘I am not a Robot’.
- By clicking on the search tab, you can see the status details whether the share has been allotted to you or not.
Great profit potential on listing
According to Abhay Doshi, Founder, UnlistedArena.com, this IPO has got a tremendous response from investors due to the small size, unique business and the government’s focus on the defense sector. However, if we talk about the financial condition of the company, then its growth is looking sluggish. In such a situation, investors have to be careful about how the company performs going forward. According to Abhay Doshi, shares of Paras Defense and Space can give great returns to investors on listing.
(Article: Surbhi Jain)
(The stock recommendations given in the story are those of the respective research analysts and brokerage firms. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)
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