Paradeep Parivahan Limited is a leading logistics and cargo handling service provider that was established in 2000. The company was founded by Mr. Khalid Khan and was previously known as Paradeep Parivahan. It is part of the PPPL Group of Companies, which includes ASK Logistic Solution Pvt. Ltd. and MRTC INDIA Pvt Ltd.
The company is strategically located in Paradip Port, Odisha, and has established itself as a key player in the logistics industry. Paradeep Parivahan specializes in port operations, intra-port transportation, stevedoring (loading and unloading of ships), and bulk material handling. The company provides comprehensive logistics solutions such as multimodal transport operations (MTO), warehouse management, customs clearance, and project cargo handling.
Their expertise extends to equipment supply, high stacking, railway siding operations, fertilizer bagging, vessel handling, and heavy earthmoving equipment services. The company uses advanced transportation and material handling techniques to improve operational efficiencies, resulting in cost-effective and timely logistics solutions. They also specialize in earthwork, stone pitching, intra-mine transportation, and railway siding maintenance, serving industries including fertilizers, minerals, coal, and infrastructure.
Paradeep Parivahan Limited is dedicated to understanding customer expectations and developing opportunities that enhance customer supply chain strategies. Their operating philosophy is founded on maintaining the highest level of quality service in the most efficient manner possible. The company is committed to a continuous process of improvement through leadership, innovation, technology, and integrity.
Paradeep Parivahan IPO Details
Paradeep Parivahan Limited is launching its Initial Public Offering (IPO) on the BSE SME platform. Here are the key details of the IPO:
| IPO Detail | Information |
|---|---|
| Issue Type | Book Built Issue |
| Issue Size | 45,78,000 shares (₹44.86 Crores) |
| Fresh Issue | 45,78,000 shares (₹44.86 Crores) |
| Face Value | ₹10 Per Equity Share |
| Issue Price Band | ₹93 to ₹98 Per Share |
| Market Lot | 1,200 Shares |
| Minimum Investment | ₹1,17,600 |
| Listing At | BSE SME |
The IPO is completely a fresh issue, which means the company is issuing new shares to raise capital. There is no offer-for-sale (OFS) component in this IPO. The price band for the IPO has been fixed at ₹93 to ₹98 per share.
Paradeep Parivahan IPO Timeline
The Paradeep Parivahan Limited IPO follows a specific timeline for various activities related to the public offering. Here’s the detailed timeline:
| Event | Date |
|---|---|
| IPO Opening Date | March 17, 2025 |
| IPO Closing Date | March 19, 2025 |
| Basis of Allotment | March 20, 2025 |
| Refund Initiation | March 21, 2025 |
| Credit to Demat Account | March 21, 2025 |
| IPO Listing Date | March 24, 2025 |
The IPO will be open for public subscription for three days, from March 17 to March 19, 2025. After the subscription period ends, the company will finalize the allotment of shares on March 20. If you applied for shares but didn’t receive an allotment, your money will be refunded on March 21. For successful applicants, shares will be credited to their demat accounts on the same day. Finally, the shares will be listed on the BSE SME platform on March 24, 2025, after which they can be traded on the stock exchange.
IPO Promoter Details
The promoters of Paradeep Parivahan Limited are:
- Mr. Khalid Khan (62 years): He is the Promoter and Managing Director of the Company, with over 23 years of industry experience. A visionary leader, he has been instrumental in the company’s growth. He holds an Honorary Doctorate in Business Administration and has received multiple awards, including the Asia Awards of Excellence and the Tahbib Cultural Award (Dubai, 2023).
- Mr. Pravat Kumar Nandi (61 years): He is the Promoter and Executive Director of the Company, associated since 2003. With over 20 years of experience, he oversees the company’s financial affairs, strategy, and growth.
- Ms. Parbati Priya Nandi (51 years): She is the Promoter and Executive Director of the Company, associated since 2003. With over 20 years of experience, she brings creativity, energy, and a keen eye for detail to managing major projects.
Before the IPO, the promoter holding in the company is significant. After the IPO, the promoter holding will decrease as new shares are issued to the public.
IPO Lot Size
The lot size for the Paradeep Parivahan Limited IPO is fixed at 1,200 shares. This means investors must apply for at least 1,200 shares, which requires a minimum investment of ₹1,17,600 (1,200 shares × ₹98 per share at the upper price band).
For retail investors, the maximum application is limited to 1 lot (1,200 shares), requiring an investment of ₹1,17,600. For small High Net-worth Individuals (HNIs), the minimum application starts from 2 lots (2,400 shares), requiring an investment of ₹2,35,200.
This high minimum investment amount is typical for SME IPOs and is designed to attract serious investors rather than small retail participants.
IPO Reservation
The Paradeep Parivahan Limited IPO has specific reservations for different categories of investors. Here’s how the shares are allocated:
| Category | Allocation |
|---|---|
| Retail Individual Investors (RII) | Not more than 35% |
| Qualified Institutional Buyers (QIB) | Not more than 50% |
| Non-Institutional Investors (NII) | Not more than 15% |
Retail Individual Investors are those who apply for shares with a total value of less than ₹2 lakhs. Qualified Institutional Buyers include mutual funds, insurance companies, and other large financial institutions. Non-Institutional Investors are those who apply for shares with a total value exceeding ₹2 lakhs but are not QIBs.
Company Financials Details
Paradeep Parivahan Limited has shown significant growth in its financial performance over the past few years. Here’s a detailed breakdown of their financials:
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹188.69 | ₹184.93 | ₹2.84 | ₹118.23 |
| 2023 | ₹202.81 | ₹193.21 | ₹6.56 | ₹116.78 |
| 2024 | ₹211.62 | ₹190.75 | ₹15.02 | ₹138.09 |
| September 2024 | ₹137.94 | ₹131.02 | ₹5.18 | ₹164.35 |
Objects of the Issue
Paradeep Parivahan Limited plans to use the funds raised from the IPO for specific purposes. While the exact breakdown is not provided in the search results, the main objectives of the issue are likely to include:
- Funding Working Capital Requirements: The company may intend to utilize a portion of the net proceeds to meet its working capital requirements. The business of the company is working capital intensive, meaning it requires significant funds to maintain day-to-day operations.
- Capital Expenditure: The company may plan to use the funds for purchasing new equipment and machinery to expand its operations and improve efficiency.
- Debt Repayment: A part of the proceeds may be used to repay existing borrowings, which will help reduce the company’s debt burden and improve its financial stability.
- General Corporate Purposes: The company will likely deploy a portion of the gross proceeds for general corporate purposes. This includes strategic initiatives, partnerships, acquisitions, branding, marketing, facility upgrades, and other business needs.
By raising funds through this IPO, Paradeep Parivahan aims to strengthen its financial position and support its growth plans.
Company Upcoming Plan
Paradeep Parivahan Limited has ambitious plans for the future. The company aspires to become a leading force in India’s logistics and infrastructure sector. Here are some of the company’s upcoming plans:
- Expansion of Service Portfolio: The company plans to expand its service portfolio to include more value-added services for its clients.
- Technological Advancements: The company aims to leverage cutting-edge technology to improve its operational efficiency and provide better services to its clients.
- Strategic Partnerships: The company plans to forge strategic partnerships with major industry players to expand its reach and capabilities.
- Geographical Expansion: The company may look to expand its operations to other ports in India to diversify its revenue streams and reduce dependence on Paradip Port.
- Sustainable Practices: The company may focus on implementing sustainable practices in its operations to reduce its environmental footprint and appeal to environmentally conscious clients.
With the Indian logistics sector expected to grow significantly in the coming years, driven by government initiatives like “Make in India” and increasing demand from sectors like construction, automotive, and railways, Paradeep Parivahan is well-positioned to capitalize on these opportunities.
Strengths and Risks of Company
Strengths:
- Strategic Location: The company is strategically located in Paradip Port, which is one of the major ports in India and handles a significant amount of cargo.
- Comprehensive Service Portfolio: The company offers a wide range of services, including cargo handling, port operations, intra-port transportation, and bulk material handling, which allows it to cater to diverse client needs.
- Experienced Management Team: The company is led by promoters with over 20 years of experience in the logistics industry, which provides it with valuable insights and expertise.
- Strong Client Relationships: The company has established strong relationships with its clients, which helps in securing repeat business and stable revenue streams.
- Growth Trajectory: The company has shown significant growth in profitability over the past few years, which indicates its ability to manage costs effectively and improve operational efficiency.
Risks:
- Dependence on Paradip Port: The company’s operations are heavily dependent on Paradip Port, and any adverse developments at the port could significantly impact the company’s business.
- Competitive Industry: The logistics industry in India is highly competitive, with many players offering similar services, which could put pressure on the company’s pricing and margins.
- Regulatory Changes: Changes in regulations related to ports, shipping, and logistics could impact the company’s operations and profitability.
- Economic Slowdown: An economic slowdown could lead to a decrease in cargo volumes, which would directly impact the company’s revenue.
- Client Concentration: If the company is dependent on a few large clients for a significant portion of its revenue, the loss of any of these clients could have a material adverse effect on its business.
Company Contact Details
For any queries or additional information about the company, you can contact Paradeep Parivahan Limited at:
Address: Room No 204 Above OBC Bank Street Port Town Paradeep, Jagatsinghpur – 754142, Orissa, India
Phone: 06742590169
Email: info@paradeepparivahan.com
Website: https://www.paradeepparivahan.com/
Company IPO Registrar Details
The registrar for the Paradeep Parivahan Limited IPO is not explicitly mentioned in the search results. The registrar is responsible for processing IPO applications, finalizing the basis of allotment, and handling refunds.
Company Official RHP and DRHP Official SEBI Link
Here are the official documents related to the Super Iron Foundry Limited IPO:
| Document Type | Availability |
|---|---|
| DRHP (Draft Red Herring Prospectus) | DRHP LINK |
| RHP (Red Herring Prospectus) | RHP LINK |
These documents contain detailed information about the company, its business, financials, risks, and the terms of the IPO. Potential investors are advised to read these documents carefully before making an investment decision.