Paradeep Parivahan IPO listing: Paradeep Parivahan had a weak listing on the BSE SME today, opening at ₹78.40, which is 20% below its issue price of ₹98. This indicates a disappointing debut for investors who subscribed to the IPO.
| Listing Date | March 24, 2025 |
| Issue Price | ₹98 |
| Listing Price | ₹78.40 |
| Listing Gains | -20.00% |
Paradeep Parivahan IPO details
Company: Paradeep Parivahan Limited, a logistics and port services provider primarily based at Paradip Port, Odisha, specializing in cargo handling, stevedoring, transportation, and related services.
IPO Type: Book-built issue, entirely a fresh issue with no offer-for-sale (OFS) component.
Issue Size: ₹44.86 crores.
Total Shares Offered: 45.78 lakh equity shares with a face value of ₹10 each.
Key Dates
Listing Date: March 24, 2025 (listed on BSE SME platform)
Opening Date: March 17, 2025
Closing Date: March 19, 2025
Allotment Finalization: March 20, 2025
Shares Credited to Demat: March 21, 2025
Price and Lot Size
Price Band: ₹93 to ₹98 per share.
Minimum Lot Size: 1,200 shares.
Minimum Investment:
Retail Investors: ₹1,17,600 (at the upper price band of ₹98).
High Net-Worth Individuals (HNIs): ₹2,35,200 (2 lots or 2,400 shares).
Paradeep Parivahan IPO Overall Subscription
The IPO was subscribed 1.78 times overall by the close of bidding on March 19, 2025:
QIB: 1.33x
NII: 2.65x
RII: 1.66x
Company Financial Report
Paradeep Parivahan Limited reported a revenue of ₹211.62 crores in 2024, an increase from ₹202.81 crores in 2023, while its profit rose to ₹15.02 crores in 2024 compared to ₹6.56 crores in 2023. (Amount ₹ in Crores)
| Period Ended | Sep 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|
| Assets | 164.35 | 138.09 | 116.78 | 118.23 |
| Revenue | 137.94 | 211.62 | 202.81 | 188.69 |
| Profit After Tax | 5.18 | 15.02 | 6.56 | 2.84 |
About Paradeep Parivahan Company
Incorporation: Founded in 2000.
Services: Cargo handling, port operations, intra-port transportation, railway siding operations, stevedoring, warehousing, multimodal transport, and manufacturing of agricultural chemicals (e.g., phosphatic fertilizers like diammonium phosphate).
Promoters: Mr. Khalid Khan, Ms. Fouzia Khan, Mr. Pravat Kumar Nandi, and Ms. Parbati Priya Nandi.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are requested to verify facts themselves and seek advice from a financial advisor before making any investment decision.
