Paradeep Parivahan Limited, a logistics company, is gearing up for its stock market debut with an Initial Public Offering (IPO) worth ₹44.86 crores. This entirely fresh issue comprises 45.78 lakh shares, with the subscription window open from March 17 to March 19, 2025. Investors can track its journey as it prepares to list on the BSE SME platform on Monday, March 24, 2025.
The IPO offers equity shares with a face value of ₹10 each, priced in the range of ₹93 to ₹98 per share, with a lot size of 1,200 shares. Retail investors can participate with a minimum investment of ₹1,11,600 for one lot and High-Net worth Individuals (HNIs) do the same with ₹2,35,200 (for 2 lots).
Paradeep Parivahan Limited IPO is a fundraise worth ₹44.86 crores comprising purely of a fresh issue with 45.78 lakh shares reserved for the market maker 5,97,600 shares Share India Securities Limited. Qualified Institutional Buyers are being offered not more than 50% of the net issue, retail investors are being offered not less than 35% of the net issue and Non-Institutional Investors (NIIs) / High Net-worth Individuals (HNIs) are being offered not less than 15% of the net issue. The IPO will be available for subscription from March 17, 2025, to March 19, 2025, providing an opportunity for investors looking to gain a stake in the logistics sector.
| Paradeep Parivahan IPO date | March 17, 2025 - March 19, 2025 |
| Price band | ₹93 to ₹98 per share |
| Face value | ₹10 per share |
| Lot size | 1,200 shares |
| Issue type | Book Built Issue IPO |
| Fresh issue size | 45,78,000 shares amounting to ₹44.86 crores |
| Total issue size | 45,78,000 shares amounting to ₹44.86 crores |
| Listing at | BSE SME |
| Market maker portion | 5,97,600 shares - Share India Securities Ltd |
| Shareholding post-issue | 1,13,40,000 shares |
| Shareholding pre-issue | 1,59,18,000 shares |
The Paradeep Parivahan Limited IPO opens for subscription on March 17, 2025, and closes on March 19, 2025, with allotment scheduled for March 24, 2025.
| IPO open date | March 17, 2025 (Monday) |
| IPO close date | March 19, 2025 (Wednesday) |
| Basis of allotment | March 20, 2025 (Thursday) |
| Initiation of refunds | March 21, 2025 (Friday) |
| Credit of shares to Demat account | March 21, 2025 (Friday) |
| Listing date on BSE SME | March 24, 2025 (Monday) |
| Cut-off time for UPI mandate confirmation | 5 PM on March 19, 2025 (Wednesday) |
Paradeep Parivahan Limited, established in 2000, is a key port service provider specializing in logistics, ship husbandry, and stevedoring. Operating primarily at Paradip Port, Odisha, the company has expanded its presence across multiple locations, including Gopalpur, Haldia, Visakhapatnam, Jajpur, Joda & Barbil, Chandikhol, Cuttack, and Talcher. Their services cater to diverse sectors such as cargo shipping, cement, steel, and railway siding.
The company offers a comprehensive range of services, including cargo handling, ship husbandry, stevedoring, dredging, custom house clearance, and transportation. It is one of the largest fleet owners on India’s east coast and provides end-to-end logistics solutions, from transportation of bulk cargo to port-based operations. Paradeep Parivahan Limited is engaged in the manufacturing of agricultural chemicals, particularly complex phosphatic fertilizers like diammonium phosphate. As of March 2025, the company has a workforce of 11,124 employees.
Through its upcoming IPO, Paradeep Parivahan Limited aims to utilize the net proceeds primarily to meet its working capital requirements, with an estimated allocation of ₹350 million. Additionally, a portion of the funds will be directed towards general corporate purposes to support the company’s growth, operational efficiency, and future expansion plans.
The Paradeep Parivahan Limited IPO’s key performance indicators, as on March 31, 2024, reflect the company's financial health with a Return on Equity of 33.62%, Return on Capital Employed (ROCE) at 26.61% and a Debt-to-Equity ratio of 0.80. The Return on Net-Worth (RoNW) stands at 33.62%, and the PAT Margin was 7.10%. The Price to Book Value was 2.03. The company’s market capitalisation is ₹156 crores.
| Period Ended | July 31, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Revenue | 137.94 | 211.62 | 202.81 | 188.69 |
| Assets | 164.35 | 138.09 | 116.78 | 118.23 |
| Net Worth | 59.89 | 54.71 | 34.65 | 28.1 |
| Profit After Tax | 5.18 | 15.02 | 6.56 | 2.84 |
| Reserves & Surplus | 48.55 | 43.37 | 29.4 | 22.85 |
| Total Borrowing | 46.21 | 35.09 | 36.11 | 47.17 |
Amount in ₹ crores
The pre-IPO EPS is at ₹13.25 while the post-IPO EPS will be ₹6.50. Similarly, the pre-IPO Price to Earnings ratio is 7.4 and will become 15.07 post-IPO.
With over two decades of industry experience, Paradeep Parivahan Limited has developed deep expertise in port operations and cargo handling. Their extensive network spans major ports and industrial regions across eastern India, supported by state-of-the-art infrastructure, including modern handling equipment, a robust transport fleet, and skilled manpower.
Committed to a customer-centric approach, the company focuses on delivering seamless supply chain solutions with an emphasis on quality and cost-effectiveness.
Paradeep Parivahan Limited faces several business risks that could impact its operations and financial performance. The company, its promoters, directors, and group entities are involved in ongoing legal proceedings, where any adverse rulings may have material consequences. Additionally, the lack of ownership of its registered office and other operational properties poses a risk if lease agreements are disrupted or terminated. The business requires significant working capital, and delays in securing funds could affect financial stability. Its growth and revenue depend heavily on acquiring new contracts, with no guarantee of sustained procurement.
A substantial portion of revenue is generated from the top 10 customers, making the company vulnerable to revenue fluctuations if any key client is lost. The company has engaged in related-party transactions, which may involve potential conflicts of interest. Furthermore, its restated financial statements have been provided by a peer-reviewed chartered accountant rather than its statutory auditor. Competitive pressures from larger industry players and the possibility of promoters acquiring shares at a lower cost than the floor price also add to the operational and financial risks.
Investing early in Paradeep Parivahan Limited’s public offering provides an opportunity to be part of its growth in the logistics sector. However, investors should carefully evaluate factors such as the company’s operational history, financial stability, industry trends, and expansion strategy. Additionally, aligning the investment with personal financial goals and risk tolerance is essential. Reviewing the offer document and seeking professional advice can help make a well-informed investment decision.
What is the Paradeep Parivahan Limited IPO?
The Paradeep Parivahan Limited IPO is an BSE SME offering consisting of 45.78 lakh equity shares with a face value of ₹10, aiming to raise ₹44.86 crore. The price band has been set between ₹93 to ₹98 per share, with a minimum order quantity of 1,200 shares. This IPO will be open for subscription from March 17, 2025, to March 19, 2025. Share India Capital Services Private Limited is the book-running lead manager, Bigshare Services Pvt Ltd is the registrar while Share India Securities Limited is the market maker.
When will the Paradeep Parivahan IPO open?
The Paradeep Parivahan Limited IPO will open for subscription on March 17, 2025, and will close on March 19, 2025.
When is the Paradeep Parivahan IPO listing date?
The tentative listing date for the Paradeep Parivahan Limited IPO is Monday, March 24, 2025.
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