Paras Defence offering to open September 21
The~171-croreipoofparasdefenceandspacetechnologieswill openforsubscriptionfromseptember21and23.thepriceband fortheipois~165-175pershare.atthetop-end,parasdefencewill haveamarketcapitalisationof~683croreonapost-dilutedbasis. Thecompany’sofferingcomprises~140.6crorefreshfundraise and~30.2croresecondarysharesale.thefirmisengagedinmanufacturingandtestingofdefenceandspaceengineeringproducts andsolutions.fortheyearendedmarch2021,ithadclockedanet profitof~16croreonrevenuesof~143crore.