Paras Defence And Space Technologies Limited IPO Message Board (Page 29)

Looking at 100% GMP
Paras Defence IPO fully subscribed on day 1, retail portion booked 10 times
Also the offer size has been reduced to 71.40 lakh equity shares from 97.58 lakh equity shares after the company mopped up Rs 51.23 crore from five anchor investors on September 20.

If Indian markets are down in next week due to global market or correction in Indian market itself,will there be any listing gain in this ipo?

Unless you are HNI , surly this IPO will list with positive so no need to think to much.

Just apply one lot and be chill.

Hi, I approved the mandate through BHIM upi app but the groww app still shows the payment request is awaiting for approval..Is anyone facing the same issue?

Paras Defence is a very good stock with Approx 150 % gain in long run
will not get on listing also will have to wait till price settles after three to four days of listing
Allotment will be dream run for investor
but be care ful to buy at upper levels

Thanks for the feedback
will surely apply this IPO

JUST 8 TIMES AT 11.15 AM First day in two hours

Stock Market Falls on Chinese Property Fears
Dow, S&P 500 drop more than 1% as concerns over indebted property developer China Evergrande spur broad retreat

That''s good news for india, but market is taking it wrong, so current correction is temporary, take opportunity to buy quality at low levels

4x over subscribe in Retail catagory in just 20mins, how much you expect will oversubscribe on day 1?😎

लगभग 50 गुना, डे 1

Estimate Subscription
QIB 100 +
NII 300 +
Retail 80+

Retail app wise app. 80-85 times

Paras Defence :
Attractively priced (@ 32 PE) but small size IPO. Allotment chance will be low but good bet for all short/medium/long term.
I will apply.

Thanks.

@Aniketiaf ji: Thanks for sharing your view. My entry point was not good, reading about commodity cycle stories I got too bullish. One month back it was even very good for trading and anyone with good trading skill in my place could have squeezed a lot of profit. But now it has very narrow movement so seems better to cut loss and exit if it comes even 120.

Still attractive at 43 PE too according to dilip davda :-
... If we attribute FY21 earnings on fully diluted post issue paid-up equity, then the asking price is at a P/E of 43.21, making this offer fully priced.

What is the latest Subscription details? Any Idea mentors

Paras Defence and Space Technologies - For those who care beyond the GMP (based on FY21 consolidated financials & post-money (top end of the price band)):

Tax Adj. RoCE (%): 8.4%
RoE (%): 7.6%

EV / Revenue (X): 4.4x
EV / EBITDA (X): 14.7x
P / E (X): 43.2x

I notice this has a fairly wide price band of 165 - 175; higher end is 6%+ from the lower end and this usually is a sign of low pricing confidence from the BRLM and also this is one of those rare Mainboard issues with a single BRLM.

Almost 80% of the entire issue proceeds are going to the Company and so on a net debt basis the Company will be debt free in FY22 which should help improve the forward P/E ratio significantly but return ratios will deteriorate further. However, consistently poor Cash Flow from Operations even prior to the Lockdown is a huge red flag for me - the Company just doesn''t seem to be able to generate cash. Almost 95 cr is being used for further capex and funding working capital and when this is viewed in the context of the very poor return ratios, it makes the Company look weak. All in all, given the buzz and excitement it seems to have generated and given the small size, it''s IPO will do well despite the Evergrande debacle and even listing performance might be good but I will be skipping it! Keep minting!

Yeah, financials are not expecting enough. Usually small revenue meant hit or miss. I am skipping too.

Nice.....

@Monster zero Devyani cartrade Aptus not even single share is going up ..all down

What''s GMP?

180 - 185

GMP means Grey Market Premium.

I think financial reports of paras are Encouraging hence we may apply. Any views please

I think financial reports of paras are Encouraging hence we may apply. Any views please

Some concerns :
High Debtor days : more than 6 months
Decline in profits
Low margins
Complete management overhaul in 2018

Interesting: Sunil Singhania (Abakkus), in anchor list

He bought again in anchor...

He even bought before submitted red herring prospectus....

Last acquisition at 165 ra in July 21

Anchor ⚓
https://www1.nseindia.com/content/ipo/ANCHOR_PDSTL.zip

Becs T2T,
Still paras got few good names, in general T2T listing IPO QIB don''t take chance.

T2T listing means?

GMP 190

First time seeing GMP is higher than the upper price band.

GMP above ipo price for T2T type listing, sign of something is cooking.

Few alerting points,
T2T listing.
PAT reduced.
Receivables increased + Receivables days are also increased, more than 200 days trade Receivables.
YoY debt is also increased.
Because of above company is not able to generate good cash flow.

If allotted sell in listing, i will apply, if allotted will sell 100% in listing.

Promoter came with IPO only because market is high.

+ defense stocks never portfolio friendly. Look at HUL. So if you get Paras, sell on listing, have a dinner at Taj, and move on.