Paras Defence and Space Technologies Limited has successfully raised ₹135.18 crore through a Qualified Institutional Placement (QIP) of 12,93,604 equity shares at an issue price of ₹1,045 per share. The QIP, which opened on October 1, 2024, and closed on October 7, 2024, saw significant participation from major investors, with Abu Dhabi Investment Authority acquiring 30.92% of the total equity shares allotted.
Following the QIP, the paid-up equity share capital of Paras Defence has increased from ₹39 crore to ₹40.29 crore. The allotment includes notable investors such as BNP Paribas Financial Markets, Canara HSBC Life Insurance, and BOFA Securities Europe.
The QIP aims to support the company’s growth initiatives in the defence and space sectors, enhancing their capital base for future projects.
