ENA MSME 2025-03-24 15:22:56 <p><span style="font-size:14px"><strong>New Delhi, Mar 24 (KNN) </strong>Paradeep Parivahan shares made a muted debut on the BSE SME platform, listing at a 20 percent discount compared to its issue price, on Monday.</span></p> <p><span style="font-size:14px">The stock continued its downward trajectory, reaching a low of Rs 74.48 per share on the BSE, marking a 24 percent decline. The company's market valuation currently stands at Rs 127.03 crore.</span></p> <p><span style="font-size:14px">Investors who participated in the Paradeep Parivahan initial public offering (IPO) incurred losses of approximately Rs 23,520 per lot based on the issue price of Rs 78.40 per share.</span></p> <p><span style="font-size:14px">The IPO had been offered within a price band of Rs 93-98 per share, with a lot size of 1,200 shares. Despite receiving a subscription rate of 1.78 times, the market response has been lukewarm. The company had initiated the public offering to raise funds for working capital requirements and general corporate purposes.</span></p> <p><span style="font-size:14px">Based in Paradip Port, Odisha, Paradeep Parivahan operates as a comprehensive third-party logistics service provider.</span></p> <p><span style="font-size:14px">The company offers end-to-end solutions in the logistics and supply chain domain, encompassing multimodal transport operations, container and sea transportation services, warehousing facilities, custom clearance services, and handling of project cargo.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41503 https://knnindia.co.in/news/newsdetails/msme/paradeep-parivahan-shares-debut-at-20-discount-on-bse-sme-platform 2025-03-24 15:22:56 knnindia.co.in