Paras Defence IPO Oversubscribed Within An Hour Of Opening

Paras Defence and Space Technologies shares were in very high demand among the investors as its share sale via initial public offering (IPO) was oversubscribed within an hour of opening. Paras Defence’s IPO was subscribed 4.69 times by 11:06 am, data from the National Stock Exchange showed. Over 3.34 crore bids were received for Paras Defence shares compared with 71.40 lakh shares on the offer. A total of 2.73 crore bids were received at the cut-off price.

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