The initial public offering of Paradeep Parivahan Ltd. was booked 1.78 times on its third and last day of bidding. According to Chittorgarh, the Rs 44.86-crore SME IPO received bids for 49,54,800 shares against 27,87,600 on offer.
Qualified institutional investors subscribed 1.33 times and non-institutional investors subscribed 2.65 times the offer. Retail Individual Investors (RIIs) portion was subscribed 1.66 times.
The SME IPO of Paradeep Parivahan was fully subscribed on Day 3 after receiving a muted response on the first two days of bidding.
The allotment for the Paradeep Parivahan IPO will be finalised on Thursday, March 20 and the company will list on Monday, March 24.
The Odisha-based company, which provides logistics services at the Paradeep Port, aims to raise Rs 44.86 crore from the primary market through its maiden share sale.
Share India Capital Services Private Ltd. is the book-running lead manager of the Paradeep Parivahan IPO. Bigshare Services Pvt Ltd. is the registrar and Share India Securities Ltd is the market maker for the IPO.
Investors can check the Paradeep Parivahan IPO allotment status on Bigshare Services and the BSE website by following the step-by-step guide provided below.
How To Check Paradeep Parivahan IPO Allotment Status On Bigshare Services and BSE website?
Steps to check Paradeep Parivahan IPO allotment status on BSE:
Visit the IPO allotment page on the BSE website here: https://www.bseindia.com/investors/appli_check.aspx
Select 'Equity' as the issue type.
Select the company name 'Paradeep Parivahan Limited' from the dropdown list.
Enter PAN or Application Number.
Verify the captcha.
Click on the Search button to verify your share allotment status.
Steps to check Paradeep Parivahan IPO allotment status on Bigshare Services:
Visit the IPO allotment page on the Bigshare Services website here: https://www.bigshareonline.com/ipo_allotment.html
Select any one server to check your IPO Allotment Status.
Select the company name 'Paradeep Parivahan Limited' from the dropdown list on the IPO allotment status page.
Enter the investor PAN Number or Application/CAF Number or DP/Client ID.
Fill in the captcha details.
Click on the Search button to verify your share allotment status.
Paradeep Parivahan IPO GMP Today
As per InvestorGain, the GMP for Paradeep Parivahan IPO stood at Rs 0 as of 9:57 a.m. on March 20. It indicates a potential flat listing for the IPO.
Note: GMP does not represent official data and is based on speculation.
Use Of Proceeds
The company will use net proceeds from the IPO to fund working capital requirements, repay borrowings, and carry out general corporate purposes.
Also Read: Demystifying Pre-IPO Investments
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
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