Paradeep Parivahan Limited IPO is set to raise ₹44.86 Crores, consisting entirely of a Fresh Issue of 45.78 Lakh shares. The subscription period for this Book Built Issue opens on March 17, 2025, and closes on March 19, 2025. The allotment is expected to be finalized on March 21, 2025, and the shares will be listed on the BSE SME with a tentative listing date of March 24, 2025.

The Share Price Band for the IPO is set between ₹93 and ₹98 per equity share, and the market capitalization at the upper end of the price band will be ₹155.99 Crores. The lot size is 1,200 shares, with a minimum investment of ₹1,17,600 for retail investors and ₹2,35,200 for High-Net-Worth Individuals (HNIs).

The Book Running Lead Manager for the IPO is Share India Capital Services Private Limited, while the registrar for the issue is BIGSHARE SERVICES PRIVATE LIMITED, and the Market Maker is Share India Securities Limited.

As of the latest updates, the Grey Market Premium (GMP) for the Paradeep Parivahan IPO stands at ₹0, indicating no predicted listing gains. The GMP is influenced by the demand and supply in the unorganized market and is provided for informational purposes only. No real trading is done on the basis of GMP before the listing on the stock exchange.

Live Subscription Status

As of 7:00 PM on March 19, 2025, the Paradeep Parivahan IPO has been subscribed 1.64 times on its final day of the subscription period. Investors can check the live subscription status on the BSE website.

Anchor Investors

Paradeep Parivahan has raised ₹11.70 Crores from Anchor Investors at the upper price band of ₹98 per share. A total of 11,94,000 equity shares have been allocated to these investors.

IPO Objectives

The net proceeds from the Paradeep Parivahan IPO are intended to be utilized for:

1. ₹3,500.00 Lakhs to meet the working capital requirements.
2. General corporate purposes.

Company Overview

Founded in 2000 under the leadership of Mr. Khalid Khan, Paradeep Parivahan Limited (PPL) specializes in logistics and transportation services within Paradip Port. The company provides essential services like cargo handling, port operations, intra-port transportation, and more. PPL operates a wide range of equipment, including excavators, loaders, and trailers, to ensure smooth operations within the port.

PPL has established itself as a multimodal transport operator (MTO), offering services such as container operations, road and sea transport, and warehousing. It has also built strategic partnerships with major industrial clients like IFFCO, adding to its industry reputation.

Key Business Strengths

1. Robust Fleet & Infrastructure: A well-maintained fleet of trucks ensures reliable and timely deliveries.
2. Comprehensive Logistics Solutions: Providing end-to-end services such as cargo handling, port operations, and transportation.
3. Strategic Partnerships: Collaborations with third-party transportation providers enhance the company’s flexibility.

Business Risks and Concerns

1. Revenue Concentration Risk: Over 97% of the revenue comes from the top 10 customers, making the company vulnerable if any major client is lost.
2. Competition from Group Entities: A promoter-related group company operates in the same business sector, potentially leading to conflicts of interest.
3. Dependence on Transportation Infrastructure: Operations are highly reliant on India’s road, rail, and water transport networks, which exposes the company to risks like natural disasters and political unrest.

Conclusion: Paradeep Parivahan Limited’s IPO offers an investment opportunity in a well-established logistics company within Paradip Port, with a broad range of services and a strong fleet. However, potential investors should be aware of the company’s reliance on a small number of clients and the risks posed by external factors such as infrastructure disruptions and competition. The GMP of ₹0 indicates no immediate listing gains, so long-term investors may consider the company's growth potential in the evolving logistics and transport sector.

The Upcoming IPOs in this week and coming weeks are Arisinfra Solutions Limited, Desco Infratech Limited, ATC Energies System Limited, Shri Ahimsa Naturals Limited.

The Current active IPO are Rapid Fleet Management Services, Active Infrastructures Limited,Grand Continental Hotels.

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