Given the huge impetus on the defence by the government, the stock presents a good opportunity for investors to participate in this niche space.
Paras Defence & Space Technologies opened for trading at Rs 469 on the National Stock Exchange, a premium of 168%
Of late, the initial public offer of Paras Defence and Space Technologies was subscribed 304.26 times.
Investors should wait for an opportunity for a healthy correction and the price to go below the IPO price for making a fresh entry for long term.
Sansera Engineering IPO: It opened for trading at Rs 811.50 on the National Stock Exchange, compared to the issue price of Rs 744.
Earlier, the board of Oravel Stays had approved an increase in the authorised share capital of the company from Rs 1.17 crore to Rs 901 crore.
Shares of Chemplast Sanmar and Aptus Value Housing Finance will debut on the bourses today, 24 August 2021.
On the BSE, CarTrade Tech opened for trading at Rs 1,600, at a discount of 1.1% or Rs 18 over its issue price of Rs 1,618 per share
The stock opened at Rs 437 on the National Stock Exchange (NSE) and at Rs 439 on the BSE.
Just like market participants take clues from SGX Nifty and not trade in it, IPO applicants takes cues from GMPs for listing-price anticipation