Paradeep Parivahan, a prominent end-to-end logistics services provider, is gearing up to make a significant move in the market by launching an initial public offering (IPO) to raise a whopping Rs 45 crore. This strategic step is a part of the company’s expansion plans, aimed at enhancing its operational capabilities and service offerings to meet the growing demands of the market. The IPO, which is set to open on Monday, will be priced between Rs 93 to Rs 98 per share, with a total of 45.78 lakh shares up for grabs. Once issued, these shares will be listed on the BSE SME platform, marking a new chapter in Paradeep Parivahan’s journey towards growth and success.
Company’s Vision for Growth and Innovation
Khalid Khan, the Managing Director of Paradeep Parivahan, expressed his excitement about the upcoming IPO and the positive impact it will have on the company’s future endeavors. He highlighted that the funds raised through this offering will not only bolster the company’s working capital but will also pave the way for expanding its operational capabilities, investing in innovation, and enhancing its service offerings. With a strong background in cargo handling, port operations, and integrated supply chain solutions, Paradeep Parivahan has established itself as a reliable and efficient service provider in the logistics industry.
Sachin Gupta, the Director of Share India Capital Services, shed light on the overall growth trajectory of the logistics sector in India, attributing it to the increasing trade activities, infrastructure development, and the emergence of integrated supply chain solutions. He emphasized that with the government’s focus on improving transportation networks and promoting digitization in the logistics sector, there is a vast potential for sustained expansion and innovation in the industry. Gupta’s insights shed light on the broader landscape of the logistics industry in India and the opportunities that lie ahead for companies like Paradeep Parivahan to thrive and excel in this dynamic market.
Financial Performance and Future Prospects
In the fiscal year 2024, Paradeep Parivahan reported a robust financial performance, with a revenue of Rs 211 crore, EBITDA of Rs 34 crore, and a net profit of Rs 15 crore. These impressive numbers underscore the company’s strong position in the market and its ability to deliver value to its stakeholders. Looking ahead, Paradeep Parivahan is poised to leverage its IPO proceeds to drive growth, innovation, and operational excellence, positioning itself as a key player in the logistics industry.
As of the latest financial data available until September, the company continued its growth trajectory, with revenue touching Rs 137 crore, EBITDA of Rs 13 crore, and a net profit of Rs 5 crore. These figures reflect the company’s consistent performance and financial stability, setting the stage for a successful IPO and a promising future ahead.
In conclusion, Paradeep Parivahan’s IPO marks a significant milestone in its journey towards expansion and growth in the logistics sector. With a strong focus on innovation, operational excellence, and customer-centric solutions, the company is well-positioned to capitalize on the emerging opportunities in the market and deliver long-term value to its investors and stakeholders. As the company embarks on this new chapter, it remains committed to its vision of becoming a leading player in the logistics industry, driving innovation, and shaping the future of logistics in India.
