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Paradeep Parivahan: Paradeep Parivahan shares get listed at 20% Discount.

Paradeep Parivahan shares made a weak BSE SME debut, opening at ₹78.40, down 20% from the ₹98 issue price, reflecting poor investor sentiment.
Paradeep Parivahan IPO listed with 20% Discount, offering no listing gains.
Paradeep Parivahan IPO listed with 20% Discount, offering no listing gains.

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.

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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.

Also read: Infra stocks with high 3 yr RoE, RoCE of more than 35% to look out for

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.

Also read: FMCG stocks in which FIIs increased their stake in Q3 to look out for

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.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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