Paradeep Parivahan IPO opens today for public bidding

Paradeep Parivahan's SME IPO opens for subscription today, March 17, and will close on March 19. The IPO is priced between Rs 93-98 per share, aiming to raise Rs 45 crore for working capital and corporate needs. The IPO includes 45.78 lakh shares with no offer-for-sale component. It allocates 50% for institutional investors, 35% for retail investors, and 15% for non-institutional investors. Investors can bid for a minimum of 1,200 shares. The share allotment will be finalized on March 20, with the listing on the BSE SME platform set for March 24. The company's grey market premium is currently unavailable.