Paradeep Parivahan, Divine Hira Jewellers IPOs open for subscription; check price band, lot size and key details

The basis of allotment for the two SME issues will be finalised on March 20, while the listing will occur on March 24.

Paradeep Parivahan IPO

The book-built issue of Paradeep Parivahan is a fresh issue of 45.78 lakh shares valued at ₹44.86 crore. The price band has been set as ₹93 to ₹98 per equity share.

The company intends to use the IPO proceeds for general corporate purposes and working capital requirements.

Retail investors can place bids for at least one lot, consisting of 1,200 shares, which will need a minimum investment of ₹1,11,600.

The company has set aside 50% of the net issue for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

Share India Capital Services Pvt Ltd is the issue's book-running lead manager, while Bigshare Services is the registrar.

Paradeep Parivahan offers logistics services. Based in Paradip Port, the company specialises in cargo handling, port operations, and intra-port transportation.

Divine Hira Jewellers IPO

Divine Hira Jewellers IPO is a fixed price issue at ₹90 per share.

It is solely a fresh issue of 35.38 lakh shares worth ₹31.84 crore. The money raised will be used for debt repayment, working capital needs and general corporate purposes.

Retail investors can apply for at least one lot, which will consist of 1,600 shares. It will need an investment of ₹1,44,000.

The book-running lead manager for the IPO is Horizon Management Pvt Ltd, while Bigshare Services Pvt Ltd is the registrar.

Divine Hira Jewellers designs and markets 22-karat gold jewellery, catering showrooms, wholesalers and retailers. Its products include necklaces, chains, malas, mangalsutras, rings, pendants, bangles, kadas, bracelets, coins, and wedding jewellery.