Investors have two new SME IPOs to consider. Paradeep Parivahan Limited and Divine Hira Jewellers Limited opened for subscription on March 17, 2025. The issues will close on March 19, 2025, with allotment finalisation on March 20, 2025, and the listing scheduled for March 24, 2025. If you're planning to apply for an IPO online, here's a breakdown of key details.
Paradeep Parivahan IPO: Price band, lot size and more
Paradeep Parivahan's book-built issue consists of 45.78 lakh shares amounting to ₹44.86 crore. The price band is ₹93-₹98 per share, and funds will be used for working capital and corporate purposes.
Share India Securities Limited is the lead manager, while Bigshare Services Private Limited is the registrar. Paradeep Parivahan operates in logistics services, specialising in cargo handling and intra-port transportation at Paradip Port. Investors planning to apply for an IPO online should check eligibility before proceeding.
Divine Hira Jewellers IPO: Fixed price issue at ₹90
Divine Hira Jewellers' IPO is a fixed price issue at ₹90 per share, offering 35.38 lakh shares worth ₹31.84 crore. The funds will be utilised for repayment of debts, working capital, and corporate expenses.
Divine Hira Jewellers is known for 22-karat gold jewellery, supplying showrooms, wholesalers, and retailers. Their collection includes necklaces, bangles, rings, pendants, and wedding jewellery. Those planning to apply for an IPO online can visit their broker platform for subscription details.
Summing up
The Paradeep Parivahan IPO and Divine Hira Jewellers IPO offer opportunities in logistics and jewellery. Paradeep Parivahan's price band is ₹93-₹98, with a minimum investment of ₹1,11,600, while Divine Hira Jewellers' fixed price is ₹90, requiring ₹1,44,000 per lot. Investors can apply for the IPOs online before March 19, 2025, to participate in these SME public offerings.
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