Paras Defence subscribed 41x

The IPO of Paras Defence and Space Technologies was subscribed nearly 41x on Wednesday, a day before its close. Bulk of the bids in the IPO have come from retail investors. The price band for the IPO is ~165-175 per share. At the top-end, Paras Defence will have a market capitalisation of ~683 crore on a post-diluted basis.