The stock has increased 10 times from the IPO price, now the shares will double in your demat account:

News Topical, Digital Desk : Paras Defence and Space Technologies stock is trading with a gain of about one percent today, 27 June. But, the special thing is that this stock is going to remain in focus next week as well. The company had already announced a stock split. Now next week is the record date for this stock split.

The company had announced the stock split on April 30 and said that the shares with face value of ₹ 10 per share will be divided into 2 shares of ₹ 5 per share. This is the first time the company has announced a stock split after the shares were listed.

The record date for this stock split is July 4, 2025. This means that investors who have these shares in their demat account till July 4, 2025 will get the benefit of this stock split.

The share of Paras Defence and Space Technologies has increased nearly 10 times to around ₹ 1625 compared to the IPO price of ₹ 175 per share. This issue was one of the most subscribed IPOs in 2021. It was subscribed a total of 304 times.