Paras Defense Listing Date: The shares of Paras Defense and Space Technologies are going to be listed in the Indian stock exchanges today. According to market experts, there was immense fancy and widespread response by the investors to the public issue price. ₹170.78 crore indicates that shares of Paras Defense can double the wealth of investors as on the date of listing. He may be listed in the range of defense part ₹from 340 ₹425 per equity share.
Speaking on Paras Defense share price listing; Ravi Singhal, Vice Chairman, GCL Securities said, “Investors of Paras Defense IPO can expect their money to double on the date of Paras Defense IPO listing. ₹from 340 ₹370 per equity share.”
Resonating with Ravi Singhal’s thoughts; Abhay Doshi, Founder, UnlistedArena.com, said, “Extremely fancy and overwhelming response can lead to great listing benefits. Paras Defense & Space Technologies listed above can. ₹from 375 ₹400, became a table-topper among the listed IPOs this financial year in terms of delivering more than 100 per cent returns and listing day gains.
Sharing the Paras Defense listing price range that can be expected; Rahul Sharma, Co-Founder, Equity99, said, “The company is one of the few manufacturers of optics for space and defense applications in India and with the niche products offered, we expect to be listed in the range of stocks. ₹from 375 ₹425.”
Santosh Meena, Head of Research, Swastika Investmart said, “Paras Defense stock is expected to enter the secondary market on a strong note on the back of strong membership data, quality business with superior growth outlook and attractive valuations. May be listed. Good profit of more than 100 percent However, break-even comes up ₹420 points for HNI investors which is around 140 per cent.”
Paras Defense IPO GMP today
According to market experts, shares of Paras Defense are trading at a premium before listing. ₹220 today in gray market. It means gray market is expecting share price listing of Paras Defense ₹395 ( ₹175 + ₹220) – around 125 per cent above K Paras Defense IPO price band ₹from 165 ₹175 per equity share. Hence, the gray market is also expecting that Paras Defense IPO may double an investor’s money on the date of listing.
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