Paradeep Parivahan IPO subscribed 1.6 times so far on day 3; here’s how to check allotment status online

Paradeep Parivahan IPO has been subscribed 1.6 times so far on Wednesday, March 19, the last day of bidding.

After the subscription ends, the focus will shift to the Paradeep Parivahan IPO allotment, which will be finalised on Thursday, March 20. Investors can visit the official portals of BSE and Bigshare Services to check bid finalisation details.

Steps to check Paradeep Parivahan IPO allotment status on BSE

• Visit the IPO allotment status page of BSE at https://www.bseindia.com/investors/appli_check.aspx
• From 'equity' and 'debt' options, select ‘equity’
• Choose Paradeep Parivahan Ltd from the issue names
• Fill in your application number or PAN card details
• Click ‘Submit’ to view the IPO allotment status

How to check Paradeep Parivahan IPO allotment status on Bigshare Services

• Open the IPO allotment status page of Bigshare Services: https://www.bigshareonline.com/ipo_allotment.html
• From three server links, pick any one
• Select Paradeep Parivahan Ltd from the drop-down menu
• Enter either your PAN, application number or Beneficiary ID
• Enter Captcha
• Click on the ‘Submit’ button

Paradeep Parivahan IPO key details

• The initial share sale is completely a fresh issue worth ₹44.86 crore.
• The price range has been set at ₹93 to ₹98 per share.
• The funds generated will be used to meet working capital requirements as well as general corporate purposes.
• Retail investors can bid for a minimum of 1,200 shares, requiring an investment of ₹1,11,600.
• Share India Capital Services Pvt Ltd is the issue's book-running lead manager.
• Refunds for unsuccessful investors will be processed on Friday, March 21, and shares will be credited to the Demat accounts of allottees on the same day.
• Listing on the BSE SME platform will take place on Monday, March 24.

Paradeep Parivahan offers logistical services based in Paradip Port. It specialises in cargo handling, intra-port transportation, and port operations.