Paras Defense and Space gave bumper returns to investors, investors got so much profit on the very first day

Indian stock market is in red mark today. Despite this, the IPO of Paras Defense has got a great listing today i.e. on Friday. It opened at a premium of 171 percent over its issue price.

On Friday, the last trading day of the week, the BSE Sensex opened with a fall of 237 points at 58,889.77. At the end of trading, the Sensex closed at 58,765.58, down 360.78 points. Similarly, the Nifty of the National Stock Exchange lost 87 points to open at 17,531.90. At the end of trading, the Nifty closed at 17,532.05, down 86.10 points.

so much market cap
The issue price of Paras Defense and Space Technologies was Rs 175 and today it was listed on BSE at Rs 475. It is listed on NSE at Rs 469. Due to this the market capitalization of the company increased to Rs 1,945.13 crore. After not opening this, when it went up to Rs 498.75, then an upper circuit of 5 percent had to be put in it.

The IPO got a great response, this IPO was open for subscription from 21 to 23 September. The IPO of this Mumbai-headquartered company had received an impressive subscription of 304.26 times. The size of the company's IPO was only Rs 171 crore, but for this, investors deposited up to Rs 38,000 crore.
The IPO of Paras Defense, a company in the defense and space engineering sector, broke all records. The retail investor's share of Paras Defense's IPO was filled 112 times. The share of the highest non-institutional investor i.e. NII was subscribed 927 times. While the share of Qualified Institutional Buyers (QIBs) was filled 169 times.

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