Paras Defence and Space Technologies Limited is tapping the capital markets with its fresh issue for Rs 140.6 crs and an offer for sale of 17,24,490 equity shares in a price band of Rs 165-175. The company completed allocation to anchor investors yesterday by allotting 29,27,485 equity shares at Rs 175 to five anchor investors.

The highest allocation was made to Ashoka India of 10,00,025 shares or 34.16% of the anchor allocation. This was followed by 6,65,805 shares or 22.74% of the anchor book to Abakkus Emerging Opportunities Fund. The remaining allocation was made to Nippon Life, HDFC Mutual Fund and Saint Capital Fund.

The issue at the top end of the band would raise Rs 170.78 crs. The issue opens on Tuesday the 21st of September and closes on Thursday the 23rd of September.

Full details of the anchor allotment are given below: –