Paradeep Parivahan Ltd. has announced public offering of 4578000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 88.00 per share. The gross proceeds of the issue are expected to be Rs 4,486.44 lakhs.
The company's initial public offer (IPO) will open on 17 March 2025 and is expected to close on 19 March 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 93.00-98.00 per share.
The IPO includes a fresh Issue of 4578000 Equity Shares of the Company at an price of Rs 98.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.
Paradeep Parivahan Ltd. anticipates using the proceeds of the issue for .
Share India Capital Services Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.