Paradeep Parivahan Ltd — Important, 26-05-2026: Company Update

Paradeep Parivahan Limited has confirmed no deviation in the utilization of funds raised from its Initial Public Offer (IPO) for the year ended March 31. The company secured Rs. 44.86 Cr through the IPO, primarily to meet working capital needs. Of this, Rs. 44.80 Cr has been utilized as planned. The remaining Rs. 0.06 Cr is held in an escrow account, ensuring transparency in how the IPO proceeds are deployed for their stated purpose.