Paradeep Parivahan Ltd was founded in the year 2000 under the able leadership of Mr Khalid Khan. Focus was to provide best of the services to the customers mainly in areas of cargo handling, port operations, Intra-port transportation, handling & transportation of port import cargo, in-plant shifting of bulk raw material & hazardous cargo, railway siding operations, operation of crushers, handling of special attention cargo, earth work etc.
Paradeep Parivahan, an Book Built Issue amounting to ₹ 44.86 Crores, consisting entirely an Fresh Issue of 45.78 Lakh Shares. The subscription period for the Paradeep Parivahan IPO opens on March 17, 2025, and closes on March 19, 2025. The allotment is expected to be finalized on or about Friday, March 21, 2025, and the shares will be listed on the BSE SME with a tentative listing date set on or about Monday, March 24, 2025.
The Share Price Band of Paradeep Parivahan IPO is set at ₹ 93 to ₹ 98 per equity share. The Market Capitalisation of the Paradeep Parivahan Limited at IPO price of ₹ 98 per equity share will be ₹ 155.99 Crores. The lot size of the IPO is 1,200 shares. Retail investors are required to invest a minimum of ₹ 1,17,600, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹ 2,35,200.
Share India Capital Services Private Limited is the book running lead manager of the Paradeep Parivahan IPO, while BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the issue. Share India Securities Limited is the Market Maker for Paradeep Parivahan IPO.
Paradeep Parivahan Limited IPO GMP Today
The Grey Market Premium of Paradeep Parivahan Limited IPO is expected to be ₹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Paradeep Parivahan Limited IPO Live Subscription Status Today: Real-Time Update
Paradeep Parivahan IPO will be open for its subscription on 17 March, 2025.
Paradeep Parivahan IPO Anchor Investors Report
Paradeep Parivahan has raised ₹ 11.70 Crores from Anchor Investors at a price of ₹ 98 per shares in consultation of the Book Running Lead Managers. The company allocated 11,94,000 equity shares to the Anchor Investors. Check Full List of Paradeep Parivahan Anchor Investor List.
Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion
Paradeep Parivahan Limited Day Wise IPO GMP Trend
Date |
IPO Price |
Expected Listing Price |
GMP |
Last Updated |
08 March 2025 | ₹ 98 | ₹ 98 | ₹ 0 (0.00%) | 03:00 PM; 08 Mar 2025 |
Paradeep Parivahan Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Paradeep Parivahan IPO allotment date is 21 March, 2025, Friday. Paradeep Parivahan IPO Allotment will be out on 21 March, 2025 and will be live on Registrar Website from the allotment date. Check Paradeep Parivahan IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Paradeep Parivahan Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Paradeep Parivahan Limited IPO
Paradeep Parivahan proposes to utilise the Net Proceeds towards the following objects:
1. ₹ 3,500.00 Lakhs is required To Meet Working Capital Requirements
2. General Corporate Purposes
Refer to Paradeep Parivahan Limited RHP for more details about the Company.
Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.
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Paradeep Parivahan IPO Details |
|||||||||||
IPO Date | March 17, 2025 to March 19, 2025 | ||||||||||
Listing Date | March 24, 2025 | ||||||||||
Face Value | ₹ 10 | ||||||||||
Price | ₹ 93 to ₹ 98 per share | ||||||||||
Lot Size | 1,200 Equity Shares | ||||||||||
Total Issue Size | 45,78,000 Equity Shares (aggregating to ₹ 44.86 Cr) | ||||||||||
Fresh Issue | 45,78,000 Equity Shares (aggregating to ₹ 44.86 Cr) | ||||||||||
Offer for Sale | NIL | ||||||||||
Issue Type | Book Built Issue | ||||||||||
Listing At | BSE SME | ||||||||||
Share holding pre issue | 1,13,40,000 | ||||||||||
Share holding post issue | 1,59,18,000 |
Paradeep Parivahan IPO Lot Size |
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Application | Lots | Shares | Amount | ||||||||
Retail (Min) | 1 | 1,200 | ₹1,17,600 | ||||||||
Retail (Max) | 1 | 1,200 | ₹1,17,600 | ||||||||
S-HNI (Min) | 2 | 2,400 | ₹2,35,200 | ||||||||
S-HNI (Max) | 8 | 9,600 | ₹9,40,800 | ||||||||
B-HNI (Min) | 9 | 10,800 | ₹10,58,400 |
Paradeep Parivahan IPO Timeline (Tentative Schedule) |
|||||||||||
IPO Open Date | Monday, 17 March, 2025 | ||||||||||
IPO Close Date | Wednesday, 19 March, 2025 | ||||||||||
Basis of Allotment | Friday, 21 March, 2025 | ||||||||||
Initiation of Refunds | Friday, 21 March, 2025 | ||||||||||
Credit of Shares to Demat | Friday, 21 March, 2025 | ||||||||||
Listing Date | Monday, 24 March, 2025 | ||||||||||
Cut-off time for UPI mandate confirmation | 5 PM on 19 March, 2025 |
Paradeep Parivahan IPO Reservation |
|||||||||||
Investor Category | Shares Offered | Reservation % | |||||||||
QIB Portion | 7,95,600 | Not More than 50% of the Issue | |||||||||
Non-Institutional Investor Portion | 5,97,600 | Not Less than 15% of the Issue | |||||||||
Retail Shares Offered | 13,93,200 | Not Less than 35% of the Issue | |||||||||
Achor Investor Portion | 11,94,000 | Allotted from QIB Portion | |||||||||
Market Maker Portion | 5,97,600 | - |
Paradeep Parivahan IPO Promoter Holding |
|||||||||||
Share Holding Pre Issue | 92.59% | ||||||||||
Share Holding Post Issue | 65.96% |
Paradeep Parivahan IPO Subscription Status |
|||||||||||
Investor Category | Shares Offered | Shares Bid For | No oF Times Subscribed | ||||||||
Qualified Institutional Buyers (QIB) | 7,95,600 | - | 0.00 | ||||||||
Non Institutional Investors(NIIS) | 11,95,200 | - | 0.00 | ||||||||
Retail Individual Investors (RIIs) | 13,93,200 | - | 0.00 | ||||||||
Total | 33,84,000 | - | 0.00 |
Business Overview
Paradeep Parivahan Limited, located within Paradip Port, specializes in logistics, cargo handling, and bulk cargo imports and exports. With a significant fleet, including Volvo V loaders introduced in 1989, the company played a key role in transforming Paradip’s logistics sector, increasing capacity tenfold by 2000.
Advanced tools and mechanisms implemented at Paradip Port have significantly enhanced productivity, reducing costs for importers and exporters. A key partnership with IFFCO has further strengthened expertise in heavy machinery services and raw material processing.
With a vision to address domestic energy and industrial raw material shortages, the company continuously integrates high-end Heavy Earth Moving Equipment to meet long-term client demands. Operating as a 3PL (third-party logistics) provider, it offers end-to-end supply chain solutions, including multimodal transport operations (MTO), container management, sea and land transportation, warehousing, custom clearance, and project cargo handling.
As on February 20, 2025, the company had 1,124 permanent. The Banker to the Company is The Bank of India.
Industry Analysis
Service Industry
India’s service sector has expanded significantly since the 1990s, driven by economic reforms and a shift toward a knowledge-based economy. It contributes over 50% to the GDP and saw 9.1% growth in FY23. The sector accounted for 57% of total Gross Value Added (GVA) in FY24 (April-September), with IT, banking, and finance generating nearly half of the 8.12 million new jobs in FY23.
India ranks first in FDI inflows in services, supported by initiatives like Smart Cities, Digital India, and Clean India. In December 2023, services exports grew 1.3% to $31.6 billion, driven by software, business, and travel services, while imports declined by 1.2%, leading to record net earnings of $16 billion. The services sector GVA increased by 11.43% YoY in FY24, with the IT and business services market projected to reach $19.93 billion by 2025.
India's digital economy is expected to hit $1 trillion by 2025, with the software service industry projected to reach $1 trillion by 2030. Implementation of GST has streamlined the tax structure, creating a unified national market and reducing costs. Supported by digital transformation and pro-business reforms, India’s services sector is poised for sustained growth.
Maritime transport handles 95% of India’s trade by volume and 70% by value. India has 12 major and 200+ minor and intermediate ports, with plans under Sagarmala to develop six new mega ports. The country ranks as the 16th-largest maritime nation, with a 7,516.6 km coastline.
The government has facilitated 100% FDI under the automatic route for port and harbour projects, offering a 10-year tax holiday for enterprises involved in port development. From April-January 2024, key ports handled 677.22 million tonnes of cargo, up from 446.50 million tonnes in April-October 2022. India's merchandise exports stood at $451 billion in FY23, up from $417 billion the previous year.
Operational efficiency is improving through mechanization, deeper drafts, and faster cargo evacuations, positioning India’s ports as a critical driver of trade growth
Business Strengths
1. Robust Fleet & Infrastructure: A well-maintained fleet of trucks ensures reliable and timely deliveries, supported by a strong logistics infrastructure capable of handling large cargo volumes efficiently.
2. Comprehensive Logistics Solutions: As a multimodal transport operator, the company provides a wide range of logistics services, including cargo handling, port operations, and intra-port transportation. These solutions enhance service quality, cost efficiency, scalability, and supply chain visibility for clients across various industries.
3. Strategic Partnerships: Collaborations with third-party transportation providers expand service capabilities, ensuring greater flexibility in meeting customer demands
Business Strategies
1. Steady Growth & Market Adaptation: Since its inception in 2000, the company has expanded its operations, modernized equipment, and significantly increased its workforce to stay competitive in the evolving cargo handling industry.
2. Strategic Management & Cost Efficiency: A robust management team focuses on business development, strategic planning, and operational efficiency. Cost reductions are prioritized and passed on to clients, with a philosophy of profitability through higher volumes rather than higher margins.
3. Leadership & Industry Expertise: Led by promoter Khalid Khan, with 23 years of industry experience, the company has strengthened its presence in freight and forwarding, project logistics, and heavy-lift cargo handling. His expertise in operations, sales, and marketing has driven expansion and business growth.
4. Diversification & Expansion: Beyond port operations and logistics, the company is expanding into railway siding operations, infrastructure development, and industrial fabrications to navigate increasing market competition
Business Risk Factors and Concerns
1. Revenue Concentration Risk : The top 10 customers contribute over 97% of total revenue, making business heavily reliant on a few clients. Loss of any major client could significantly impact revenue, profitability, and financial stability. While new customers are continuously added, continued dependence on a limited customer base poses risks.
2. Competition from Group Entities : A promoter-related group company operates in the same business sector without a non-compete agreement. This creates potential conflicts of interest, with the risk of business favoritism and increased competition, which could affect financial performance and market share.
3. Dependence on Transportation Infrastructure : Operations rely on India's road, rail, and water transport networks, making them vulnerable to political unrest, weather conditions, natural disasters, road construction, and accidents. Disruptions could lead to delays, increased operational costs, cargo damage, financial liabilities, and reputational loss, ultimately affecting business growth.
Paradeep Parivahan Limited faces key risks, including revenue dependency on a few major clients, competition from group entities, and vulnerability to transportation infrastructure disruptions. These factors could impact profitability, business growth, and operational efficiency.
Period Ended | Sep 30, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
---|---|---|---|---|
Reserve of Surplus | 4,855.10 | 4,337.48 | 2,940.32 | 2,284.80 |
Total Assets | 16,434.87 | 13,808.91 | 11,677.69 | 11,823.43 |
Total Borrowings | 4,620.72 | 3,508.65 | 3,610.59 | 4,716.78 |
Fixed Assets | 2,328.65 | 2,633.90 | 2,905.42 | 3,617.00 |
Cash | 1,324.48 | 356.89 | 336.33 | 598.47 |
Net Borrowing | 3,296.24 | 3,151.76 | 3,274.26 | 4,118.31 |
Revenue | 13,794.19 | 21,162.03 | 20,280.84 | 18,869.10 |
EBITDA | 1,311.19 | 3,581.32 | 2,576.58 | 2,204.04 |
PAT | 517.61 | 1,502.16 | 655.53 | 284.29 |
EPS | 4.56 | 14.15 | 6.24 | 54.15 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2024 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Offer, given in FINANCIAL EXPRESS.
Key Performance Indicator |
|||||||||||
KPI | Values | ||||||||||
EPS Pre IPO (Rs.) | ₹14.15 | ||||||||||
EPS Post IPO (Rs.) | ₹9.44 | ||||||||||
P/E Pre IPO | 6.93 | ||||||||||
P/E Post IPO | 10.38 | ||||||||||
ROE | 33.62% | ||||||||||
ROCE | 26.61% | ||||||||||
P/BV | 2.03 | ||||||||||
Debt/Equity | 0.8 | ||||||||||
RoNW | 27.45% |
Paradeep Parivahan Limited IPO Peer Comparison |
|||||||||||
Company Name | EPS | ROCE | ROE | P/E (x) | P/Bv | Debt/Equity | RoNW (%) | ||||
Paradeep Parivahan Limited | ₹ 9.44 | 26.61 % | 33.62 % | 10.38 | 2.03 | 0.8 | 27.45 % | ||||
Allcargo Logistics Limited | ₹ 0.43 | 3.32 % | 4.94 % | 67.5 | 1.27 | 0.86 | 4.94 % | ||||
Navkar Corporation Limited | ₹ -1.30 | 1.51 % | -0.17 % | - | 0.76 | 0.11 | -0.17 % | ||||
Container Corporation of India Limited | ₹ 21.4 | 13.9 % | 10.9 % | 30.0 | 3.29 | 0.08 | 10.9 % |
PARADEEP PARIVAHAN LIMITED
Room No 204 Above OBC Bank Street Port Town Paradeep, Jagatsinghpur -754142, Odisha, India.
Contact Person : Mr. Khalid Khan
Telephone : 06742590169
Email ID : info@paradeepparivahan.com
Website : https://www.paradeepparivahan.com/home/index
Registrar : BIGSHARE SERVICES PRIVATE LIMITED
Telephone : +91 22-62638200
Contact Person : Mr. Jibu John
Email ID : jibu@bigshareonline.com
Website : https://www.bigshareonline.com/
Lead Manager : SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED
Telephone : +91-120-4910000
Contact Person : Mr. Kunal Bansal
Email ID : kunal.bansal@shareindia.co.in
Website : https://www.shareindia.com/
Paradeep Parivahan Ltd was founded in the year 2000 under the able leadership of Mr Khalid Khan. Focus was to provide best of the services to the customers mainly in areas of cargo handling, port operations, Intra-port transportation, handling & transportation of port import cargo, in-plant shifting of bulk raw material & hazardous cargo, railway siding operations, operation of crushers, handling of special attention cargo, earth work etc.
The Company is led by Promoters, MR. KHALID KHAN has an experience of more than 23 years in the industry in which the company operates. He holds a Bachelor’s degree in the field of Arts; MR. PRAVAT KUMAR NANDI has an overall experience of more than 2 decades in the business; MS. PARBATI PRIYA NANDI has more than 20 years of business experience, she's well-prepared to handle big projects and MS. FOUZIA KHAN.
The Revenues from operations for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 13,794.19 Lakh, ₹ 21,162.03 Lakh, ₹ 20,280.84 Lakh and ₹ 18,869.10 Lakh respectively. The EBITDA for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 1,311.19 Lakh, ₹ 3,581.32 Lakh, ₹ 2,576.58 Lakh, and ₹ 2,204.04 Lakh, respectively. The Profit after Tax for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 517.61 Lakh, ₹ 1,502.16 Lakh, ₹ 655.53 Lakh, and ₹ 284.29 Lakh respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹ 14.15 and post-issue EPS of ₹ 9.44 for FY24. The pre-issue P/E ratio is 6.93x, while the post-issue P/E ratio is 10.38x against the Industry P/E ratio is 25x. The company's ROCE for FY24 is 26.61%, ROE for FY24 is 33.62% and RoNW 27.45%. The Annualised EPS based on the latest financial data is ₹ 9.12 and PE ratio is 10.74x. These metrics suggest that the IPO is fairly priced.
The Grey Market Premium (GMP) of Paradeep Parivahan showing listing gains of 0.00 %. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Paradeep Parivahan Limited IPO for Listing gain.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information.
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
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