Anand Rathi Advisors Limited is the book running lead manager to the offer.
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.
Grey market premium for Paras Defence is around Rs 200 per share, which is about 200% over the issue price