Paras Defence, on April 30 this year, had announced that it will be splitting one share of ₹10 each, into two shares of ₹5 each. This is the first stock split that the company had announced.
Record date for the stock split has now been fixed as Friday, July 4, 2025. This means that shareholders, who have the stock in their portfolio at the end of Thursday’s closing, will be eligible for the stock split.
In an interaction with CNBC-TV18 on June 20 at the heights of the Israel-Iran conflict, Amit Mahajan of Paras Defence mentioned that the company’s exposure to Israel is more focussed on tech transfer instead of exports.
Mahajan said that he had anticipated a one to two-week delay in tech transfer from Israeli companies and that the total exports exposure to Israel stood at only 5%.
However, headed that he does not see any supply chain disruption that will impact the company’s component imports.
Shares of Paras Defence are currently trading 0.9% higher on Friday at ₹1,627. The stock is up nearly 10x from its IPO price of ₹175. The issue was one of the most subscribed Indian IPOs back in 2021, with an overall subscription of 304x.
