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Paradeep Parivahan IPO
Paradeep Parivahan Ltd
₹1,11,600 /1200 sharesMinimum Investment
Paradeep Parivahan IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹98.00 | ₹78.40 | -₹19.60 (20.00%) |
Paradeep Parivahan IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 17 Mar ‘25 - 19 Mar ‘25 | ₹1,11,600 | 1,200 | ₹93 - ₹98 |
| Issue Size | IPO Doc |
|---|---|
| 44.86Cr | RHP PDF |
Subscription rate
As of 19 Mar'25, 05:00 PM
| Qualified Institutional Buyers | 1.34x |
| Non-Institutional Investor | 3.62x |
| Retail Individual Investor | 1.43x |
| Total | 1.14x |
About Paradeep Parivahan
Founded in
2000
Managing director
Mr. Khalid Khan
Parent organisation
Paradeep Parivahan Ltd
Strengths & Financials of Paradeep Parivahan
Strengths
Risks
Paradeep Parivahan claims to have a strong logistics infrastructure in place that enables it to handle large cargo volumes efficiently.
Paradeep Parivahan has reported strong financial metrics, including growth in EBITDA and return on capital employed (ROCE). EBITDA margin percentage increased from Rs 11.14% in FY22 to 12.41% in FY23 to 16.23% in FY24, while ROCE percentage increased from 10.08% in FY22 to 17.82% in FY23 to 26.62% in FY24.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 187.97 crore in FY22 to Rs 202.48 crore in FY23 to Rs 211.27 crore in FY24, while PAT increased from Rs 2.84 crore in FY22 to Rs 6.55 crore in FY23 to Rs 15.02 crore in FY24.
The company is ISO 9001:2015 certified for quality management systems.
The company operates in a highly competitive industry with many big players operating in it. If Paradeep Parivahan is unable to compete effectively, that may affect its operations and finances.
The company reported negative cash flows from operating activities of Rs 2.48 crore in the six months ending September 30, 2024. Any inability to generate sufficient cash flows from operations in the future can adversely affect the company’s business, financial condition, and results of operations. The company also recorded negative cash flows from investing activities of Rs 12.38 crore in FY24, Rs 2.52 crore in FY23, and Rs 8.41 crore in FY22. Any prolonged or significant negative cash flows can affect the company’s financial standing and business stability.
The company has a history of transactions with related parties, including payments for rent, salaries, transportation, and loans. While compliant with regulations, these dealings may not always be on the most favourable terms. Related party transactions in the future could raise concerns about transparency and potential conflicts of interest.
Paradeep Parivahan’s group company is also engaged in the business of providing logistic services. Paradeep Parivahan has not entered into any non-compete agreement with this entity. This could result in potential conflicts of interest in future.
The top 10 customers of the company contributed 98.58% and 97.09% of revenue to the order book in the period ended September 30, 2024 and FY24, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
The company, its promoters, and directors are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of September 30, 2024, the company had outstanding financial indebtedness of Rs 61.73 crore. Any failure to service or repay these loans could harm the company’s operations and financial position.
Paradeep Parivahan Financials
*All values are in Rs. Cr
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Application Details of Paradeep Parivahan IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹93 - 98 | ₹2 - 5 Lakh |
| High Networth Individual | ₹93 - 98 | ₹2 - 5 Lakh |
For Paradeep Parivahan IPO, eligible investors can apply as Regular.