Paradeep Parivahan IPO comprises of solely fresh issue of 45.78 lakh shares with no offer-for-sale component. The price band for the book-built issue has been fixed at Rs 93-98 per share. The company that demands valuation of Rs 156 crore intends to utilise Rs 35 crore out of net IPO proceeds mainly for working capital requirements, and the remainder for general corporate purposes. Promoters hold 92.59% stake in ParadeepParivahan, while investor Lalit Dua is the only public shareholder with 7.41% stake which was bought by him in February 2024 for Rs 5.04 crore via private placement. Click here to read all IPO News. Click Here to Read All IPO News for more IPO news on this story. Back to Mail Online home. back to the page you came from. The post IPO news for this story was last updated on March 17, 2014 at 10:30am. The article was amended on March 20, 2014 to make clear that the IPO share allotment will be finalised by March 20. The trading in the IPO shares will commence on the BSE SME effective March 24, 2014.