Paradeep Parivahan, an end-to-end logistics services provider, plans to raise Rs 45 crore through an initial public offering. The issue, which opens on Monday, has been priced at Rs 93-Rs 98 a share.

The company will issue 45.78 lakh shares and will be listed on the BSE SME platform.

The net proceeds from the IPO will be used for working capital and general corporate expenses. The anchor portion will open on March 13 and the issue will close on March 19.

The book-running lead manager to the issue is Share India Capital Services, and Bigshare Services is the Registrar.

Khalid Khan, Managing Director, Paradeep Parivahan, said the funds raised will not only strengthen working capital, but will also enable expansion of capabilities, investment in innovation and enhance service offerings.

With years of expertise in cargo handling, port operations and integrated supply chain solutions, the company has built a reliable and efficient service provider, he added.

Sachin Gupta, Director of Share India Capital Services, said the logistics industry in India is witnessing significant growth, driven by increasing trade activities, infrastructure development, and the rise of integrated supply chain solutions.

With the government’s focus on improving transportation networks and digitisation in logistics, the sector is poised for sustained expansion, he said.

In FY24, the company achieved a revenue of Rs 211 crore, EBITDA of Rs 34 crore and net profit of Rs 15 crore.

As of last September, the company logged revenue of Rs 137 crore, EBITDA of Rs 13 crore and net profit of Rs 5 crore.