New Delhi: Paras Defence and Space Technologies Ltd, which is engaged in the defence sector, is all set to divide its shares into two parts. The announcement has increased the curiosity amongst the investors.
With the company having foreign clients, the recent geopolitical tensions saw investors eyeing the stock. Now with the record date approaching, the stock is again in focus.
On 30th April 2025, Paras Defence had announced that split of existing 1 (one) Equity Share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 2 (two) Equity Shares of face value of Rs. 5/- (Rupees Five Only) each fully paid up. The record has been fixed as 4 July 2025. The investors who hold the company’s shares till the market closure on 3 July will be able to take advantage of this split.
The Paras Defence and Space Technologies share price closed at Rs 1633 apiece.
The Paras Defence IPO launched in 2021 had drawn a huge interest amongst the investors. The IPO was subscribed 304 times. The company had fixed a price band of Rs 175 per share, which has now increased to Rs 1,630. That is, almost 10 times return so far.
IN its Q4 2024-25 Results, Paras Defence posted 97.79 per cent year-on-year (YoY) increase in net profit at Rs 19.72 crore, while it stood at Rs 9.97 crore in the same quarter in 2023-24.
The revenue in the January-March quarter of FY25 recorded a jump of 26 per cent at Rs 108.23 crore, while it was 79.69 crore in the last quarter of 2023-24. EBITDA spiked from Rs 3.4 crore to Rs 28.3 crore, increasing the EBITDA margin from 15.6% to 26.2%.
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