Paradeep Parivahan Limited IPO: A Comprehensive Update

Paradeep Parivahan Limited IPO is currently in the spotlight as the company seeks to raise funds through its initial public offering. The IPO opened on March 17, 2025, and will close on March 19, 2025. Investors are showing keen interest in this opportunity, which aims to raise ₹44.86 crore through the issuance of 45.78 lakh fresh equity shares

Key Details of the Paradeep Parivahan Limited IPO

Issue Open Date: March 17, 2025
Issue Close Date: March 19, 2025
Price Band: ₹93 to ₹98 per share
Lot Size: 1,200 shares
Minimum Investment: ₹1,11,600 for retail investors
Total Issue Size: ₹44.86 crore
Lead Manager: Share India Capital Services Private Limited
Registrar: Bigshare Services Pvt Ltd
Market Maker: Share India Securities Limited
Listing Date: Tentatively set for March 24, 2025, on the BSE SME platform

Subscription and Market Response

On the first day of bidding, the Paradeep Parivahan Limited IPO received a muted response, with an overall subscription of 10%. The retail segment saw a 17% subscription, while the NII category was booked at 5%. No bids were received from Qualified Institutional Buyers (QIBs) on the first day

Utilization of Proceeds

The funds raised from the Paradeep Parivahan Limited IPO will be primarily used to meet working capital requirements and for general corporate purposes. Specifically, ₹35 crore (78.04%) of the proceeds will be allocated towards working capital requirements

Company Overview

Founded in 2000, Paradeep Parivahan Limited is a port service provider based in Paradip Port, Odisha. The company specializes in logistics, ship husbandry, and stevedoring, offering services such as cargo handling and dredging. It operates across multiple locations, including Gopalpur, Haldia, Visakhapatnam, Jajpur, Joda, and Cuttack, serving sectors like cargo shipping, cement, steel, and railway siding

Future Prospects

With a strong focus on efficient supply chain solutions and modern infrastructure, Paradeep Parivahan Limited is well-positioned to capitalize on the growing demand for logistics and port services. The proceeds from the IPO will support the company’s expansion plans and strengthen its financial position