Paradeep Parivahan
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 17 Mar 2025 – 19 Mar 2025
- Listing date
- 24 Mar 2025
- Face value
- ₹10 per share
- Issue price
- ₹98 per share
- Lot size
- 1,200 shares
- Issue type
- Book Building issue
- Total issue size
- ₹44.86 Cr
- Market cap at offer price
- ₹156 Cr
- Promoter holding
- 92.59% → 65.96% pre-issue → post-issue
- ISIN
- INE0SMW01011
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Share India Capital Services Pvt.Ltd.
- Registered office
- Room No 204, Above OBC Bank Street Port, Town Paradeep, Odisha
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 11,92,800 | — | — |
| Market maker | 5,97,600 | — | — |
Application size
Minimum 1,200 shares per lot, in multiples, at ₹98
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,17,600 |
| S-HNI (min) | 2 | 2,400 | ₹2,35,200 |
| S-HNI (max) | 8 | 9,600 | ₹9,40,800 |
| B-HNI (min) | 9 | 10,800 | ₹10,58,400 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 13.25 | 6.50 |
| P/E (×) | 7.40 | 15.08 |
| Price to book (×) | 2.03 | — |
| Market cap | — | ₹156 Cr |
Key performance indicators
- Return on net worth
- 33.62%
- ROCE
- 26.61%
- Debt / equity
- 0.80
- PAT margin
- 7.10%
- NAV per share
- ₹48.25
- Price to book
- 2.03
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Paradeep Parivahan
Paradeep Parivahan Limited was incorporated on November 17, 2000 as a private limited company and converted to a public limited company in June 2024. The company is located within Paradip Port and specializes in various logistics services including cargo handling, port operations, intra-port transportation, handling and transportation of port import cargo, in-plant shifting of bulk raw materials, hazardous cargo handling, railway siding operations, crusher operations, and special attention cargo handling. The company's operations are structured to ensure efficiency and safety while meeting diverse customer needs across a wide range of services. The company earns revenue primarily from providing these logistics and port operational services to government entities and other customers.
Company Analysis
from RHPParadeep Parivahan Limited provides comprehensive logistics and port services including cargo handling, port operations, intra-port transportation, and specialized cargo handling within and around Paradip Port in Odisha.
Paradeep Parivahan Limited was incorporated on November 17, 2000 as a private limited company and converted to a public limited company in June 2024. The company is located within Paradip Port and specializes in various logistics services including cargo handling, port operations, intra-port transportation, handling and transportation of port import cargo, in-plant shifting of bulk raw materials, hazardous cargo handling, railway siding operations, crusher operations, and special attention cargo handling. The company's operations are structured to ensure efficiency and safety while meeting diverse customer needs across a wide range of services. The company earns revenue primarily from providing these logistics and port operational services to government entities and other customers.
Objects of the Issue
- To Meet Working Capital Requirements ₹3,500.00 Lakhs p.25
- General corporate purposes ₹558.03 Lakhs p.25
- To Meet Working Capital Requirements ₹3,500.00 lakhs p.82
- General Corporate Purposes ₹558.03 lakhs p.83
- To be determined by Company - Objects of the Offer section references page 79 but specific uses not detailed in this document extract p.268
Issue Structure
- Total Issue
- 45,78,000 Equity Shares of ₹10.00 each aggregating to ₹4,486.44 Lakhs
- Fresh Issue
- 45,78,000 Equity Shares of ₹10.00 each fully paid-up for cash at price of ₹98.00 per Equity Share (including a premium of ₹88.00 per Equity Share) aggregating to ₹4,486.44 Lakhs
- Offer for Sale
- Nil - Entire issue constitutes fresh issue of equity shares
- Price Band
- ₹93.00 - ₹98.00
- Lot Size
- 1200 equity shares and in multiples of 1200 equity shares thereafter
- Face Value
- ₹10.00 each
Business Model
The company earns revenue from providing various logistics and port services on a contract basis, including cargo handling, port operations, intra-port transportation, handling of port import cargo, in-plant shifting of bulk raw materials, hazardous cargo transportation, railway siding operations, crusher operations, and special attention cargo handling. Revenue is generated through service contracts with customers including government entities, with credit terms typically ranging from 70-90 days.
Business Segments
SWOT Analysis
- • Integrated, end-to-end logistics services and solutions(p.122)
- • Established network and relationships at major ports(p.129)
- • Significant storage and warehousing capabilities(p.117)
- • Strong experienced management team with deep industry expertise(p.122)
- • Diverse customer base across multiple sectors(p.123)
- • Well-maintained modern fleet of equipment(p.128)
- • Established operational presence in port logistics and cargo handling(p.152)
- • Significant employee base with industry experience(p.137)
- • Good employee relations and operational stability(p.137)
- • Diversified geographic footprint with multiple warehouses and operational facilities(p.135)
- • Leased registered office with annual renewal risk(p.33)
- • High concentration of revenues from top 10 customers(p.34)
- • Significant working capital requirements(p.33)
- • Heavy dependence on key management personnel(p.40)
- • Promoter litigation exposure(p.37)
- • Related party transactions with potential conflicts of interest(p.34)
- • Group company competition without non-compete agreements(p.38)
- • Restated financials prepared by non-statutory auditors(p.36)
- • High dependency on single major customer(p.130)
- • Scarcity of skilled workers(p.123)
- • Cost constraints limiting expansion(p.123)
- • Negative operating cash flow in recent period(p.121)
- • Dependency on external service providers for some capabilities(p.123)
- • Significant dependence on trade receivables, creating working capital vulnerability(p.205)
- • High leverage with substantial borrowing obligations(p.192)
- • Dependence on few major customers for revenue generation(p.204)
- • Limited formal dividend policy and no dividend history(p.188)
- • High debt burden relative to equity(p.219)
- • Significant finance costs due to debt servicing(p.229)
- • Revenue concentration and volatility(p.230)
- • Promoter litigation exposure(p.238)
- • Director involved in multiple litigation matters(p.238)
- • Expansion in logistics services across cargo handling and port operations(p.24)
- • Growth in Indian logistics industry driven by economic development(p.24)
- • Expansion through implementing green transportation solutions(p.123)
- • Acquiring additional berths in major ports(p.123)
- • Securing operational rights for bulk cargo handling(p.123)
- • Growing Indian logistics sector supported by government initiatives(p.115)
- • Diversification into new service areas(p.122)
- • Expansion driven by maritime investment projects(p.110)
- • Strategic focus on cement and construction materials trading as new business line(p.154)
- • Growth strategy through business diversification into packaging and material handling(p.153)
- • Expansion potential into fish and agricultural produce trading(p.153)
- • Recognized industry standing with multiple awards(p.153)
- • Capacity expansion at port operations(p.223)
- • Revenue growth trajectory demonstrated(p.231)
- • Diversified service portfolio(p.223)
- • Improved profitability margins(p.231)
- • Established equipment fleet and infrastructure(p.223)
- • Intense competition from larger industry players(p.36)
- • Dependence on government infrastructure projects and policies(p.20)
- • Regulatory compliance risks and changing regulations(p.44)
- • Economic cyclicality in transportation industry(p.44)
- • Vulnerability to transportation infrastructure disruptions(p.39)
- • Exposure to fuel and freight cost volatility(p.41)
- • Risk of infectious disease outbreaks affecting operations(p.45)
- • Indian tax regime undergoing substantial changes including GST and GAAR(p.45)
- • Intense competition from established players(p.123)
- • Overseas competitors entering Indian market(p.123)
- • Technological disruptions in logistics industry(p.123)
- • Mechanization of ports reducing manual labor opportunities(p.123)
- • Customer concentration risk from single dominant customer(p.130)
- • Regulatory dependence on licenses and approvals for port and customs operations(p.139)
- • Exposure to maritime, port, and customs regulatory changes(p.140)
- • Compliance burden from environmental and coastal regulation requirements(p.150)
- • Insurance coverage limitations and claims uncertainty(p.136)
- • Port and logistics sector competition(p.233)
- • Regulatory and policy changes(p.224)
- • Economic policy and regulatory dependency(p.224)
- • Capital market volatility exposure(p.224)
- • Interest rate and input cost sensitivity(p.233)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Khalid Khan | Promoter | 52,50,000 shares (46.29%) | — |
| Ms. Fouzia Khan | Promoter | 38,50,000 shares (33.96%) | — |
| Mr. Pravat Kumar Nandi | Promoter | 6,99,980 shares (6.17%) | — |
| Ms. Parbati Priya Nandi | Promoter | 6,99,960 shares (6.17%) | — |
| Khalid Khan | Promoter | 46.30% | 32.98% |
| Fouzia Khan | Promoter | 33.95% | 24.19% |
| Pravat Kumar Nandi | Promoter | 6.17% | 4.40% |
| Parbati Priya Nandi | Promoter | 6.17% | 4.40% |
| Mr. Khalid Khan | Individual Promoter/Managing Director | 46.30% | — |
| Ms. Fouzia Khan | Individual Promoter | 33.95% | — |
| Mr. Pravat Kumar Nandi | Individual Promoter/Executive Director | 6.17% | — |
| Ms. Parbati Priya Nandi | Individual Promoter/Executive Director | 6.17% | — |
| Khalid Khan | Promoter/Managing Director | — | — |
| Fouzia Khan | Promoter | — | — |
| Pravat Kumar Nandi | Promoter/Director | — | — |
| Parbati Priya Nandi | Promoter/Director | — | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.