Paras Defence IPO allotment date: Here is when investors can likely check status

Paras Defence IPO allotment date: The issue has got off to a great start on the first day itself.

Paras Defence IPO allotment date: Shares are going to be listed on the BSE and NSE. (HT_PRINT)

Paras Defence IPO allotment date: Paras Defence and Space Technologies IPO got off to a rousing start yesterday. Paras Defence IPO was fully subscribed soon after opening on Tuesday and by the end of the day had racked up a subscription amount of 16.57 times, which was boosted a great deal by retail investors. There are still quite a few days for the IPO to go and the final Paras Defence IPO subscription figure is likely to be much, much higher. Now, all those investors who have paid money would be eager to find out the Paras Defence IPO allotment date so that they can check their status. Notably, Paras Defence is engaged in designing, developing, manufacturing and testing a wide range of defence and space engineering products and solutions and is highly dependent on government projects and programmes.

Paras Defence IPO allotment date: First of all, no firm date has been set so far for the same. The Paras Defence IPO allotment date is very much tentative. Allotment of shares may happen on September 28, 2021. The share allotment process can take almost a week after the IPO closing date. So, investors should be patient and wait till a firm date is revealed. The allotment status will be available online.

Paras Defence IPO subscription: The issue was fully subscribed within hours of opening on the first day on Tuesday and settled with 16.57 times subscription.

Paras Defence IPO bids received: The ₹170.7-crore IPO received bids for 11,82,91,695 shares against 71,40,793 shares on offer, according to NSE data.

Paras Defence IPO categories: Retail Individual Investors (RIIs) category received 31.36 times subscription and non-institutional investors 3.77 times, while Qualified Institutional Buyers (QIBs) portion 1 per cent.

Paras Defence IPO: The initial public offer has a fresh issue of up to ₹140.6 crore and an offer for sale of up to 17,24,490 equity shares. The price range for the offer is ₹165-175 per share.

Paras Defence IPO Anchor investors: It has garnered a little over ₹51 crore from this category of investors.

Paras Defence IPO listing: The equity shares of the company would be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).