Paradeep Parivahan IPO: Check subscription, GMP, price band and other details

Paradeep Parivahan IPO received a muted response on the first day of bidding, with an overall subscription of 9%. The retail segment saw a 17% subscription, while the NII category was booked at 5%. The issue closes on March 19.

The company aims to raise Rs 45 crore through the issuance of 45.78 lakh fresh equity shares. The IPO is allocated as follows: 50% for institutional investors (QIBs), 35% for retail investors, and 15% for NIIs.

The funds raised will be used to meet working capital requirements and for general corporate purposes.

Paradeep Parivahan IPO price band

The shares are being offered in the price range of Rs 93 to Rs 98 per share. Investors can bid for a minimum of 1,200 shares per lot, with additional bids in multiples of the lot size.

What is Paradeep Parivahan IPO's GMP

The company's GMP is not yet available. While investors often track GMP to gauge demand, it should not be the sole factor in investment decisions.

When is the allotment and listing date of Paradeep Parivahan IPO

The share allotment for the IPO will be finalized on March 20, with the shares expected to list on the BSE SME platform on March 24.

About Paradeep Parivahan

Founded in 2000, Paradeep Parivahan is a port service provider based in Paradip Port, Odisha. The company specializes in logistics, ship husbandry, and stevedoring, offering services such as cargo handling and dredging. It operates across multiple locations, including Gopalpur, Haldia, Visakhapatnam, Jajpur, Joda, and Barbil, serving sectors like cargo shipping, cement, steel, and railway siding.

Lead Managers and registrar

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