The highly anticipated Paradeep Parivahan IPO is set to commence its subscription period on Monday, March 17, and will conclude on Wednesday, March 19. With a price range established between ₹93 and ₹98 per share for a face value of ₹10, this IPO offers a compelling opportunity for investors. The minimum bid requirement stands at 1,200 shares, with subsequent bids needing to be in multiples of the same amount.
About Paradeep Parivahan
As a Multi-Modal Transport Operator (MTO), Paradeep Parivahan stands out in the logistics and transportation sector. The company excels in sea and air freight, customs clearance, and various value-added services. Recognized as an Authorised Economic Operator (AEO), Paradeep Parivahan is licensed by the Directorate General of Shipping in India, which allows it to operate not just as an MTO but also as a customs broker, endorsed by Mumbai Customs under the Department of Revenue of the Government of India.
Services Offered
Paradeep Parivahan specializes in managing cargo transport globally, handling an array of shapes, sizes, and weights. Their logistics solutions are versatile, utilizing:
- Sea transport
- Air freight
- Road and rail services
- Coastal barges
- Multi-modal transport methods
Peer Comparison
According to their prospectus, Paradeep Parivahan’s competitive landscape includes notable peers such as:
- Marinetrans India Ltd with a P/E ratio of 76.36
- S J Logistics (India) Ltd at a P/E of 26.73
- Cargosol Logistic
These comparisons offer potential investors a sense of the company’s position within the industry.
Key IPO Details
The Paradeep Parivahan IPO features a fresh issuance of 45,78,000 equity shares, totaling ₹44.86 crore. Importantly, there is no offer for sale (OFS) component involved. The capital raised will primarily support long-term working capital requirements and cover general corporate expenses.
- Lead Manager: Share India Capital Services Private Limited
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Share India Securities Limited
Grey Market Insights
As of today, the Grey Market Premium (GMP) for the Paradeep Parivahan IPO is reported at ₹0, indicating shares are trading at the issue price of ₹98 without any premium or discount, according to investorgain.com. The GMP serves as a barometer for investor sentiment, reflecting their willingness to pay more than the issue price.
Conclusion
With its robust logistics solutions and established market presence, the Paradeep Parivahan IPO presents an intriguing opportunity for investors looking to explore the logistics and transportation sector. Keep an eye on this IPO as it opens for subscription soon!
For further updates on upcoming IPOs, check out LG Electronics India, which has also received SEBI nod to launch its IPO.
