What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 29 Sep 2021.

Paras Defence And Space Technologies Limited

ListedMainboard

Industrials & Aerospace · NSE / BSE

Paras Defence and Space Technologies is engaged in designing, developing, manufacturing, and testing a wide range of defence and space engineering products and solutions. The company operates across key areas such as defence and space optics, defence electronics, heavy engineering, electromagnetic pulse protection, and niche technologies, and is the only Indian company with in-house design capabilities for space optics and opto-mechanical assemblies. It plays an important role in Indian defence and space programs, delivers customized turnkey projects, and works with global technology partners to bring advanced solutions to the Indian market. The company operates two manufacturing facilities in Maharashtra and is expanding its plant at Nerul in Navi Mumbai.

Price Band

₹165 – ₹175

Issue Size

₹171 Cr

Lot Size

85 shares

GMP

₹220

+125.7%

Est. Listing

₹395

at current GMP

Subscribed

—

Open

21 Sep 2021

23 Sep 2021

Allotment

28 Sep 2021

Refund

29 Sep 2021

Demat Credit

30 Sep 2021

Listing

1 Oct 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Paras Defence And Space Technologies Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

28 Sep 2021

Basis finalization

Refunds Initiate

29 Sep 2021

Mandate release

Demat Credit

30 Sep 2021

Shares in demat

Listing Debut

1 Oct 2021

Trading begins

How to Check Paras Defence And Space Technologies Limited IPO Allotment Status

Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
Select Paras Defence And Space Technologies Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Paras Defence And Space Technologies Limited Public Issue & Market Profile

Paras Defence And Space Technologies Limited is bringing an initial public offering (IPO) in the Industrials & Aerospace sector with an aggregate issue size of ₹171 Crores. The shares are offered at a price band of ₹165 to ₹175 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2021-09-23, the basis of allotment is scheduled to be finalized on 2021-09-28. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.