Paradeep Parivahan shares had a weak listing on BSE SME, opening at ₹78.40, down 20% from the issue price of ₹98. The stock’s disappointing debut reflects lower investor sentiment, marking a significant discount on the listing day.
Paradeep Parivahan IPO saw moderate demand on Day 3, recording an overall subscription of 1.78 times. The retail portion was subscribed 1.66 times, NII segment 2.65 times, and QIB category 1.33 times, indicating decent interest from investors across categories on the final day.
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Paradeep Parivahan Limited, established in 2000, provides port services like logistics, stevedoring, and ship husbandry at Paradip Port, Odisha. The company handles bulk cargo, enhancing efficiency with advanced systems. Operating across multiple locations, it serves sectors like shipping, steel, and cement, employing 11,124 people as of March 2025.
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Paradeep Parivahan aims to use IPO proceeds for ₹3,500 lakhs working capital needs and balance funds for general corporate purposes, supporting growth, strategic goals, and compliance with SEBI regulations for efficient business operations.
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