Paradeep Parivahan IPO: Offer Size, Price Band, Subscription, GMP And More

The initial public offering of port service provider Paradeep Parivahan Ltd. opened for subscription on Monday. 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.

Those who want to participate in the bidding of the BSE SME issue can check the following details before making an investment decision.

Paradeep Parivahan IPO is a book-built issue comprising a fresh issuance of 45.78 lakh shares. There is no offer-for-sale (OFS) component. The IPO price band has been fixed at Rs 93 to Rs 98 per share.

Retail investors can invest in the IPO with a minimum lot size of 1,200, amounting to an investment of Rs 1,17,600. The high net-worth individuals (HNIs) can bid for at least two lots of 2,400 shares, requiring a minimum investment of Rs 2,35,200.

The subscription window for Paradeep Parivahan IPO will remain open for bidding till Mar. 19. Allotment of shares is expected to be finalised on Mar. 20. The company will credit the shares to the Demat account of successful bidders on Mar. 21. Refunds for the non-allottees will also be initiated on the same day.

The IPO listing date has been tentatively fixed as Mar. 24. Shares of Paradeep Parivahan Ltd. will be listed on the BSE SME platform.

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.

The Paradeep Parivahan IPO has been subscribed 0.03 times as of 10:44 a.m. on Monday.

• Qualified Institutions: nil

• Non-Institutional Buyers: 0.01 times

• Retail Investors: 0.06 times

*The subscription status will be updated at regular intervals

As per InvestorGain, the GMP for Paradeep Parivahan IPO stood at Rs 0 as of 9:32 a.m. on Mar. 17. It indicates a potential flat listing for the IPO.

Note: GMP does not represent official data and is based on speculation.

Paradeep Parivahan Ltd. Business and Financials

Paradeep Parivahan Ltd. is a port service provider for logistics, ship husbandry, cargo handling and stevedoring. It operates out of Paradeep Port in Odisha.

Use of IPO Proceeds

The company will use net proceeds from the IPO for funding working capital requirements and general corporate purposes.

Key Financials

Paradeep Parivahan reported a 129% year-on-year rise in profit after tax to Rs 15.02 crore in FY24 from Rs 6.56 crore in FY23. The company’s revenue increased to Rs 211.26 crore in FY24, up 4.3% from Rs 202.47 crore in the preceding fiscal.

For the period ended September 30, 2024, the company reported a profit after tax of Rs 5.17 crore and a revenue of Rs 137.5 crore.