Paras Defence and Space Technologies has made a stellar debut on Dalal Street as its shares got listed at a premium of 171% over its issue price.
Scrips of Paras Defence listed at Rs 475 per piece against its offer price of Rs 175.
The Rs 170 crore IPO saw a record-breaking response from investors. The issue was subscribed 304 times during the offer period in September.
The Navi Mumbai-based company is the sole Indian supplier of critical imaging components such as large-sized optics for space applications.