Paradeep Parivahan IPO: Allotment and Listing Details Announced

The IPO of Paradeep Parivahan, which closed on March 19, has been subscribed 1.6 times. The shares will be allotted on March 20, while refunds will start on March 21 and the shares will be credited to investors' accounts on the same day. The shares of the company will be listed on the BSE SME platform on 24th March. The IPO amounting to ₹44.86 crore comprises only fresh issue shares in the price band of ₹93 to ₹98 per share. The raised funds will be utilized towards working capital needs and general corporate needs. Paradeep Parivahan offers logistical services such as cargo handling and intra-port transportation in multiple locations in eastern India.

 

Source: Upstox News