• Fresh Issue Size: A Fresh issue of 47,78,000, each with a face value of Rs.10 is being offered.

• Price Range: The bidding price ranges from Rs.93 - 98 per share.
• Issue Type: It is 100% Book-built issue.
• Subscription date: The issue period begins from March 17th 2025 and ends on March 19th 2025.
• Lot size: It is providing a lot size of 1200.
• Listing Date: The IPO is going to be listed on 24th March 2025.
• Stock Exchange: The exchange is going to be the SME platform of BSE.

The company with the help of this IPO seeks to utilize the net proceeds to meet working capitals and for general corporate purposes.

The logistic industry is a blooming industry in India given the rapid increase of demand of goods and services of different sectors. The ports in India play a vital role in sustaining growth towards the country’s trade and commerce.

India has 12 major ports which has handled cargo traffic worth 393.732 MMT in the first half of FY 2023-24, showing CAGR of 2.35% among these major ports, Paradip Port has recorded the highest ever cargo traffic handling among the major ports recording 69.137 MMT in the current fiscal  exhibiting a growth of 8.5% from the previous years.

India has a vast network of support infrastructure for cargo which includes 129+ inland container depots, 168+ container goods stations, and 300 m sq. ft. of warehouse capacity. The government has also taken many steps to support the port sector like granting 100% Foreign Direct Investment (FDI), Sagarmala programme, Gatishakti, National Logistics Policy etc to enhance the cargo logistics.

The company operates its business in the port that has recorded a impressive amount of cargo traffic over the last few years and and seems to be well positioned for the long term growth.

• The company is in the business since 2000 and provides all kinds of logistics, cargo, ports services and transportation. It also additionally deals in railway maintenance, transportation of raw materials, earth-work etc.

• The company provides its services to many big clients like Indian Farmers Fertilizer Cooperative Limited (IFFCO), JSW Cement, JSW Steel, Indian Oil Refinery Project etc. 
• The company has shown healthy returns for the last three years increasing its profit after tax from Rs. 284.29 Lakhs in 2022 to Rs. 1,502.16 lakhs in 2024 (with Rs. 517.61 lakh as of 30.09.2024).

• The company does not own its registered office in Orissa and has leased its office space for a year, any interference or non-renewal of the office rental may adversely impact the business operations and financial conditions.

• The company’s operations demands large capital to obtain projects, failure to meet working capital may adversely impact the business operations and financial conditions.
• The company’s financial performance largely depends on its ability to procure and obtain new contracts, failure to procure new contracts may adversely impact the business operations and financial conditions.
• The company’s promoters are facing certain pending litigation and any outcome of this proceeding may impact the company operations.

The company is in the logistic and cargo business that significantly contributes to the growing commercial industry and retail markets in India. With the rapid increase in consumers, trade, imports and exports along with the government taking many initiatives to enhance the logistic operations in India, this industry has potential growth further.

The Paradip port which the company operates in recorded the highest cargo traffic in 2024 with impressive records in the subsequent years. The company has shown strong financial and healthy returns in the future and aims to become a prominent player in this line of industry in the coming years.

However, the company is also subject to many risks with many competitions and market risks, prospective investors should analyze the risks outlined in the RHP draft before investing.

The company vide this IPO aims to raise working capital and general corporate purposes to further advance its business operations. It has been in this business for the last 24 years and has shown impressive financial strength and profits for the last three fiscal years.

The industry which the company is involved in also reflects potential growth for the long term. Potential investors should outline the risks in the RHP draft prospectus before investing.