Paradeep Parivahan IPO Day 3 Subscription at 0.55 Times

Categories: Markets

March 19, 2025

Paradeep Parivahan’s initial public offering (IPO) has shown moderate progress through its three-day subscription period. The ₹44.86 crore IPO has witnessed steady growth in demand, with subscription rates advancing from 0.10 times on day one, improving to 0.36 times on day two, and reaching 0.55 times by 11:19 AM on the final day, demonstrating gradual investor interest in this port service provider specializing in logistics, ship husbandry, and stevedoring at Paradip Port, Odisha.

Retail segment of Paradeep Parivahan IPO leads with 0.65 times subscription, while QIB and NII segments show moderate interest at 0.52 times and 0.35 times respectively, reflecting balanced investor approach toward this company with over two decades of experience in port operations and cargo handling services.

Subscription Status of Paradeep Parivahan IPO

Date	QIB	NII	Retail	Total
Day 1 (Mar 17)	0.00	0.05	0.18	0.10
Day 2 (Mar 18)	0.26	0.25	0.46	0.36
Day 3 (Mar 19)	0.52	0.35	0.65	0.55

Here are the subscription details for Paradeep Parivahan IPO as of Day 3 (March 19, 2025, 11:19 AM):

Investor Category	Subscription (times)	Shares Offered	Shares bid for	Total Amount (Rs Cr.)
Anchor Investors	1.00	11,92,800	11,92,800	11.69
Market Maker	1.00	5,97,600	5,97,600	5.86
Qualified Institutions	0.52	7,96,800	4,10,400	4.02
Non-Institutional Buyers	0.35	5,97,600	2,10,000	2.06
Retail Investors	0.65	13,93,200	9,10,800	8.93
Total	0.55	27,87,600	15,31,200	15.01

Note:

“Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.
The portions of anchor investors and market maker are not included in the total shares offered.

Paradeep Parivahan IPO – Day 3 Subscription

Key Highlights:

Overall subscription reaching 0.55 times, showing steady progress though below full subscription level
Retail investors leading with 0.65 times subscription, demonstrating growing individual investor confidence
QIB segment showing increased interest at 0.52 times, doubling from day two levels
NII segment showing moderate interest at 0.35 times, reflecting measured approach
Total applications reaching 959, indicating focused investor participation
Cumulative bid amount reaching ₹15.01 crores, showing measured momentum in the offering
Balanced interest across all investor categories suggests broad-based evaluation of business prospects

Paradeep Parivahan IPO – Day 2 Subscription at 0.36 Times

Key Highlights:

Overall subscription improving to 0.36 times, showing significant growth from day one
Retail investors reaching 0.46 times subscription, demonstrating increasing confidence
QIB segment entering with 0.26 times subscription after zero participation on day one
NII segment showing good improvement to 0.25 times from day one’s minimal interest
Day two showing broad-based momentum building across all investor categories
Market response indicating growing interest in port logistics and services sector
Logistics expertise attracting attention from various investor segments
Second day showing more than tripled overall subscription rate compared to opening day

Paradeep Parivahan IPO – Day 1 Subscription at 0.10 Times

Key Highlights:

Overall subscription opening at modest 0.10 times, showing cautious initial investor approach
Retail investors beginning with 0.18 times subscription, showing early interest
NII segment showing minimal initial interest at 0.05 times, indicating cautious evaluation
QIB segment choosing to wait with zero participation on opening day
First day demonstrating cautious investor engagement with the offering
Initial momentum reflecting careful assessment of logistics sector investment opportunity
Port services expertise drawing selective interest from retail investors
Opening day setting subscription baseline for building momentum in subsequent days

About Paradeep Parivahan Limited

Founded in 2000, Paradeep Parivahan Limited has established itself as a port service provider specializing in logistics, ship husbandry, and stevedoring at Paradip Port, Odisha.

The company operates across multiple locations in eastern India, including Gopalpur, Paradip, Haldia, Visakhapatnam, Jajpur, Joda & Barbil, Chandikhol, Cuttack, and Talcher, catering to diverse sectors like cargo shipping, cement, steel, and railway siding. They specialize in handling bulk cargo, transportation, logistics, manpower supply services, and also manufacture agricultural chemicals, particularly complex phosphatic fertilizers such as diammonium phosphate. As of March 2025, the company employs 1,124 employees.

Their financial performance shows strong growth with revenue increasing from ₹188.69 crores in FY2022 to ₹211.62 crores in FY2024, while profit after tax rose significantly from ₹2.84 crores to ₹15.02 crores during the same period. For the six months ended September 30, 2024, the company reported revenue of ₹137.94 crores with PAT of ₹5.18 crores, maintaining solid financial metrics including 33.62% ROE and 26.61% ROCE.

Their competitive strengths include over two decades of industry experience and expertise in port operations, extensive network across major ports in eastern India, state-of-the-art infrastructure with modern handling equipment and transport fleets, and a customer-centric approach focused on delivering seamless supply chain solutions with emphasis on quality and cost-effectiveness.