The issue size is 45,78,000 equity shares at a face value of Rs 10 each with a price band of Rs 93 Rs 98 per share.
The equity share allocation will be not more than 11,92,800 equity shares to QIB anchor portion, qualified institutional buyer will be up to 7,96,800 equity shares, for non-institutional investors it will be not less than 5,97,600 equity shares. The equity share allocation for retail individual investors, not less than 13,93,200 equity shares, and for market makers it will be 5,97,600 equity shares.
The net proceeds from the IPO will be utilized for Working Capital Requirements and general corporate expenses. The anchor portion will open on March 13, 2025 and issue will close on March 19, 2025.
The Book Running Lead Manager to the Issue is Share India Capital Services Private Limited, The Registrar to the Issue is Bigshare Services Private Limited.
The company is a third-party logistics provider offering end-to-end services including cargo handling, port operations, multimodal transport, warehousing, customs clearance and project cargo handling. “As the company enters this transformative phase with our Initial Public Offering (IPO), we take immense pride in the strong foundation we have built in the logistics sector. This IPO marks a pivotal step in our commitment to growth, operational excellence, and value creation. The funds raised will not only strengthen our working capital but also enable us to expand our capabilities, invest in innovation, and enhance our service offerings,” said Khalid Khan, Managing Director of Paradeep Parivahan. “With years of expertise in cargo handling, port operations, and integrated supply chain solutions, we have built a reputation for reliability and efficiency. As we move forward, we remain committed to upholding the highest standards of safety, quality, and customer satisfaction,” he added.
“We are pleased to be associated with the company as its merchant banker for this Initial Public Offering. The logistics industry in India is witnessing significant growth, driven by increasing trade activities, infrastructure development, and the rise of integrated supply chain solutions. With the government’s focus on improving transportation networks and digitization in logistics, the sector is poised for sustained expansion,” said Sachin Gupta, Director of Share India Capital Services Private.
“The company has built a strong presence in cargo handling, port operations, and end-to-end supply chain management. Its commitment to operational excellence, efficiency, and customer satisfaction has positioned it as a key player in the industry. This IPO marks a crucial milestone, providing the necessary capital to strengthen its working capital, expand capabilities, and invest in innovation—allowing it to leverage the growing opportunities in the sector,” he said.
“We believe the company’s strategic vision and strong execution capabilities will enable it to capitalize on industry growth. We look forward to a successful listing and the company’s continued success in shaping the future of logistics,” he further added.
