Paradeep Parivahan IPO subscribed 1.78 times overall on the last day, a retail quota was subscribed over 1.66 times, NII was subscribed over 2.65 times, and QIB was subscribed over 1.33.
Paradeep Parivahan IPO Details
The Paradeep Parivahan IPO got approval from SEBI for an IPO of ₹44.86 crores. Paradeep Parivahan IPO consists of a fresh issue of ₹44.86 crores with a face value of ₹10 each. Further, it had a set price band between ₹93 to ₹98 per share.
In the Paradeep Parivahan IPO, 1200 shares were in 1 lot size for retail minimum and maximum categories.
Moreover, 2,400 shares were in 2 lot sizes for the S-HNI category.
To invest in the Paradeep Parivahan IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,17,600
- SHNI (S-HNI): Minimum investment of ₹2,35,200
Paradeep Parivahan IPO’s Subscription Duration
Paradeep Parivahan IPO’s subscription started on March 17, 2025, and closed on March 19, 2025. The Paradeep Parivahan IPO’s allotment date was March 20, 2025, and they received a refund on March 21, 2025. Paradeep Parivahan’s IPO listing is on March 24, 2025.
Paradeep Parivahan IPO’s Funds Deployment
- The proceeds raised from the fresh issue will be used to meet Working Capital Requirements.
- Lastly, the remaining funds will be utilized for the company’s general corporate purposes.
About Paradeep Parivahan IPO Company
Founded in 2000, Paradeep Parivahan Limited is one of the major companies in terms of providing port services specialized in logistics, ship husbandry, and stevedoring. The company provides a diverse range of services to its clients like cargo handling, port operations, intra-port transportation, and handling and transportation of port import cargo. They also specialize in moving raw materials and hazardous cargo, railway siding operations, crusher operations, special attention cargo handling, earthwork, and more. The company in a way to matches the diverse needs of the clients. The company has organized its services to match the requirements of its clients. The company works in various areas such as Gopalpur, Paradip, Haldia, Visakhapatnam, Jajpur, Joda & Barbil, Chandikhol, Cuttack, and Talcher. Additionally, Cargo shipping, cement, steel, and railway projects are some of the industries the company serves. The company comprises around 1,1124 employees as of March 2025.
Paradeep Parivahan IPO Company Financial Report
The company reported revenue of ₹211.62 crores in 2024 against ₹202.81 crores in 2023. The company reported a profit of ₹15.02 crores in 2024 against a profit of ₹6.56 crores in 2023.
