Paradeep Parivahan IPO opens for subscription. Check GMP, price band and other details

The Rs 45 crore SME IPO of Paradeep Parivahan will open for public bidding from March 17 to March 19. The issue includes a total of 45.78 lakh shares in fresh equity sale with no offer-for-sale (OFS) component.

In the IPO, the company reserved 50% for institutional investors (QIB), 35% for retail investors, and 15% for non-institutional investors (NII). Non-institutional investors have been a strong pillar for SME IPOs in recent times.

What is the price band of Paradeep Parivahan IPO?

Paradeep Parivahan has priced the IPO in the range of Rs 93-98 per share. Investors can bid for a minimum of 1,200 shares in one lot. For additional shares, bids should be made in multiples of the lot size.

Check Paradeep Parivahan IPO GMP

Ahead of the issue opening, the company’s grey market premium (GMP) is not yet available. GMP is often tracked by investors to gauge demand for the IPO, but it should not be the sole factor considered for investing.

All details about Paradeep Parivahan IPO

The IPO aims to raise funds to meet working capital requirements and for general corporate purposes. The share allotment process will be finalized on March 20, and the listing date is scheduled for March 24. The listing will be on the BSE SME platform.

Paradeep Parivahan Overview

Founded in 2000, Paradeep Parivahan is a port service provider specializing in logistics, ship husbandry, and stevedoring. The company is based in Paradip Port, Odisha, and offers cargo handling, ship husbandry, stevedoring, dredging among other services.

The company operates across multiple locations, including Gopalpur, Paradip, Haldia, Visakhapatnam, Jajpur, Joda and Barbil, catering to diverse sectors like cargo shipping, cement, steel, and railway siding.

Lead Managers and Registrars

Share India Capital Services is the lead manager for the IPO, while Bigshare Services is the registrar.

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