Paradeep Parivahan IPO Closed
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Schedule of Paradeep Parivahan
| Issue open date | 17 Mar 2025 |
| Issue close date | 19 Mar 2025 |
| UPI mandate deadline | 19 Mar 2025 (5 PM) |
| Allotment finalization | 20 Mar 2025 |
| Refund initiation | 21 Mar 2025 |
| Share credit | 21 Mar 2025 |
| Listing date | 24 Mar 2025 |
| Mandate end date | 01 Apr 2025 |
| Lock-in end date for anchor investors (50%) | 19 Apr 2025 |
| Lock-in end date for anchor investors (remaining) | 18 Jun 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Paradeep Parivahan
Incorporated in 2000, Paradeep Parivahan Limited operates in logistics and port services, focusing on cargo handling, stevedoring, transportation, and custom house clearance. Based at Paradip Port, Odisha, the company provides services across multiple sectors, including cement, steel, and shipping. It operates a significant fleet and is involved in multimodal transport, project cargo handling, and railway siding operations. Paradeep Parivahan also offers dredging and warehouse services. The company has established a presence in various regions across India.
Financials of Paradeep Parivahan
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹44.86 crores |
| Fresh Issue | ₹44.86 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 35.00 (78.04%) |
Strengths
- Well-maintained fleet ensuring timely delivery services.
- Offers a variety of logistics services including cargo handling and port operations.
- Multimodal transport operations supporting diverse logistics solutions.
- Strategic partnerships provide flexibility to meet customer demands.
Risks
- Business growth depends on the success of securing new contracts.
- Revenue concentration with the top 10 customers could affect financial results if lost.
- Ongoing legal proceedings may impact business operations and financial conditions.
- Delays in securing working capital could affect financial performance.
- Intense competition in the logistics industry may affect market share and profitability.
- Failure to obtain or maintain necessary regulatory approvals could affect operations.
Allotment Status for Paradeep Parivahan
To check your allotment status – click here.
Subscription Figures for Paradeep Parivahan
Subscription numbers as of 5:00 PM on 19 Mar 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 7.96 | 10.63 | 1.33x |
| HNI (₹2L+) | 5.97 | 15.81 | 2.65x |
| Retail (upto ₹2L) | 13.93 | 23.10 | 1.66x |
| Total | 27.87 | 49.54 | 1.78x |