 "ipo")
The IPO of Paras Defence and Space Technologies garnered 318 times subscription and generated bids worth Rs 38,021 crore.
Market experts said this has become the most subscribed IPO, surpassing the previous record of Salasar Technologies, which was subscribed 273 times.
The IPO saw 3.6 million retail applications. The retail portion of the issue was subscribed 118 times, while the institutional portion garnered 175 times subscription. The high networth individual (HNI) portion was subscribed 974 times with bids of nearly Rs 25,000 crore.
The frenzied application was amid a 80 per cent premium for Paras Defence’s shares in the unofficial
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