The AV should cover all significant disclosures made under public issue offer documents such as risk factors, capital structure, objects of the offer,
The portion allocated for the qualified institutional buyers (QIBs) was subscribed 10.36 times.
Anand Rathi Advisors Limited is the book running lead manager to the offer.
The company reported a consolidated net profit of Rs 15.73 crore and sales of Rs 143.33 crore in the twelve months ended 31 March 2021.
Considering the product profile, Paras Defence (PDSTL) doesn’t have any peer in the listed space.
On the balance sheet front, the debt stands at Rs 106 crore, with debt-to-equity at 0.6 times. The RoE and RoNW stands at 9% and 12% respectively.
For FY21, the company’s sales, EBITDA and PAT stood at Rs 145 crore, Rs 43 crore and Rs 16 crore respectively.
The company is aiming to raise Rs 170.80 crore through its upcoming public issue at the upper price band.
Sansera Engineering’s business witnessed marked recovery from the impact of Covid led complete lockdown in H1FY21.
In 2021 to date, 38 new IPOs have hit the market and another 20-25 are scheduled to make their debut.