Paras Defence's shares are likely to list on the bourses on October 1HighlightsParas Defences Rs 170.7 crore IPO is open from September 21 to 23 The IPO is fresh problem of Rs 140.60 crore and OFS of 1.72 million shares Paras Defence remains in defence optics and electronic devices, and heavy engineeringParas Defence and Space Technologies' Rs 170.7 crore going public (IPO) is open for bidding for 3 days from September 21 to September 23.

Paras Defence IPO consists of a fresh issue of Rs 140.60 crore and a market (OFS) of up to 1.72 million shares by existing shareholders.A total of 50 percent of the problem size has been booked for certified institutional buyers, 35 percent for retail investors and remaining 15 percent for non-institutional investors.

Financiers can bid for a minimum of 85 shares and in multiples thereof, extending as much as 13 lots.The company will use the IPO continues to acquire equipment and equipment, fund incremental working capital requirements and for general corporate purposes.Paras Defence is associated with defence and space optics, defence electronics, heavy engineering, electro-magnetic pulse protection services and specific niche innovations.

Its major clients are Bharat Electronics, Bharat Characteristics and Hindustan Aeronautics, and companies based in Belgium, Israel and South Korea.Should you purchase the IPO of Paras Defence? Paras Defence is seeking to broaden its production capability, and acquire additional market share in India, in addition to expand abroad.

At the greater end of the rate band, Paras Defence is aggressively priced at a P/E ratio of 43 times FY21 EPS (on a post-issue basis), Indwealth stated in a note to its investors.

Given elements such as robust outlook, greater budgetary allotment in the future, steady operational performance, strong order book, constant margins and return ratios, we stay positive on the potential customers of this problem, Indwealth included.