|
The initial public offer (IPO) of Paradeep Parivahan received bids for 2,85,600 shares as against 33,85,200 shares on offer, as per BSE data as of 17:00 hours on Monday (17 March 2025). The issue was subscribed 0.08 times.
The issue opened for bidding on Monday (17 March 2025) and it will close on Wednesday (19 March 2025). The price band of the IPO is fixed at Rs 93-98 per share. The minimum order quantity is 1,200 equity shares. The equity shares will list on BSE’s SME platform.
The IPO comprises fresh issue of 33,85,200 equity shares. The promoter and promoter group shareholding will dilute to 65.96% from 92.59% pre-issue.
About 5,97,600 equity shares will be reserved for subscription by market makers to the issue. The net issue comprises of 27,87,600 equity shares.
The company intends to utilize the net proceeds to meet working capital requirements and general corporate purposes.
Ahead of the IPO, Paradeep Parivahan on Thursday, 13 March 2025, raised Rs 11.68 crore from anchor investors. The board allotted 11.92 lakh shares at Rs 98 per share to 9 anchor investor.
Paradeep Parivahan is located within Paradip Port and specializes primarily in logistics. The company delivers top-notch services to its customers, specializing in various aspects such as cargo handling, port operations, intra-port transportation, as well as the handling and transportation of port import cargo. The company had 1,124 employees on payroll.
The company recorded revenue from operations of Rs 137.50 crore and net profit of Rs 5.17 crore for the period as of 30 September 2024.
|