Paradeep Parivahan, a comprehensive logistics services provider, is set to raise Rs 45 crore through an initial public offering. The IPO will open on Monday with shares priced at Rs 93-Rs 98 each.
The company plans to issue 45.78 lakh shares and will be listed on the BSE SME platform. The funds raised will be utilized for working capital and general corporate expenses. The anchor portion of the IPO will commence on March 13, with the issue closing on March 19.
Share India Capital Services is the book-running lead manager for the IPO, with Bigshare Services acting as the Registrar. Khalid Khan, the Managing Director of Paradeep Parivahan, highlighted that the capital raised will not only bolster working capital but also support expansion, innovation, and improved service offerings.
With expertise in cargo handling, port operations, and integrated supply chain solutions, the company has established itself as a reliable and efficient service provider. Sachin Gupta, Director of Share India Capital Services, noted that the logistics industry in India is experiencing significant growth, driven by trade activities, infrastructure development, and integrated supply chain solutions.
The company reported a revenue of Rs 211 crore, EBITDA of Rs 34 crore, and a net profit of Rs 15 crore in FY24. As of September, the company recorded revenue of Rs 137 crore, EBITDA of Rs 13 crore, and a net profit of Rs 5 crore.
The government’s focus on enhancing transportation networks and digitization in logistics is expected to fuel continued growth in the sector. The IPO presents an opportunity for investors to participate in the growth story of Paradeep Parivahan as it expands its operations and service offerings.
