Is Paradeep Parivahan Ltd IPO Halal and Shariah Compliant? 2025

Is Paradeep Parivahan Ltd IPO Halal or Haram? If you’re looking for a detailed Shariah compliance analysis, you’re in the right place! In this article, we break down whether Paradeep Parivahan Ltd IPO meets Shariah Screening guidelines or not. 

Is Paradeep Parivahan Ltd IPO Halal or Not?

Paradeep Parivahan Limited is considered Not Halal and Non-Shariah compliant as it fails the “Illiquid Assets to Total Assets” criterion. The company’s illiquid assets ratio stands at 18.06%, which is below the permissible limit of 20%.

According to Shariah Screening standard, companies must maintain a minimum percentage of illiquid assets to ensure their business activities are not overly dependent on liquid or interest-based financial instruments.

Shariah Compliance Analysis of Paradeep Parivahan Ltd

For an IPO or Stocks to be considered Halal, it must pass all the Shariah screening criteria, which include:

NOT HALAL / NON-SHARIAH COMPLAINT

Criteria	Value	Status
Business Activity	Cargo Service	✅ PASS
Impermissible Income to Total Revenue	0.28%	✅ PASS
Interest-Bearing Debt to Total Assets	28.12%	✅ PASS
Illiquid Assets to Total Assets Ratio	18.06%	❌ FAIL
Net Liquid Assets vs Market Capitalization	Compliant as per Shariah principles	✅ PASS
Non-Compliant Investments to Total Assets	Less than 33% (Compliant)	✅ PASS

Business Overview of Paradeep Parivahan Ltd

Paradeep Parivahan Limited, founded on November 17, 2000, is a well-established logistics and maritime solutions provider in Odisha, India. With decades of experience, the company offers services such as shipping, cargo handling, stevedoring, port operations, and supply chain management.

It has earned a strong reputation for efficiency and reliability in the logistics sector. To support its expansion and improve service capabilities, Paradeep Parivahan is set to launch its Initial Public Offering (IPO) on March 17, 2025.

The IPO proceeds will be used to strengthen working capital, enhance operational capacity, and drive innovation, positioning the company for long-term growth in the logistics and maritime industry.

Also Read : Is Divine Hira Jewellers Ltd IPO Halal and Shariah Compliant? 2025

Listing Details of Paradeep Parivahan Ltd IPO

IPO Opening Date	Mon, March 17, 2025
IPO Closing Date	Wed, March 19, 2025
Expected Allotment Date	Thurs, March 20, 2025
Refund Initiation	Fri, March 21, 2025
Shares Credited to Demat	Fri, March 21, 2025
Expected Listing Date	Monday, March 24, 2025
UPI Mandate Confirmation Deadline	5 PM on March 19, 2025

Paradeep Parivahan Ltd Financial Information (Restated)

Category	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	₹164.35 Cr	₹138.09 Cr	₹116.78 Cr	₹118.23 Cr
Revenue	₹137.94 Cr	₹211.62 Cr	₹202.81 Cr	₹188.69 Cr
Profit After Tax	₹5.18 Cr	₹15.02 Cr	₹6.56 Cr	₹2.84 Cr
Net Worth	₹59.89 Cr	₹54.71 Cr	₹34.65 Cr	₹28.1 Cr
Reserves & Surplus	₹48.55 Cr	₹43.37 Cr	₹29.4 Cr	₹22.85 Cr
Total Borrowing	₹46.21 Cr	₹35.09 Cr	₹36.11 Cr	₹47.17 Cr

Conclusion

Based on the Shariah screening Standard and the most recent financial report, Paradeep Parivahan Ltd IPO is Considered Not Halal and Non-Shariah compliant due fails the “illiquid Assets to Total Assets” criterion. The company’s illiquid assets ratio stands at 18.06%, which is below the permissible limit of 20%. (Allah Knows the Best)

However, investors should conduct their own due diligence and review the company’s financials periodically for any changes in compliance.

Disclaimer: The information on Halalfinance.co.in is for educational and informational purposes only and not financial advice. We are not liable for any investment decisions you make; always consult a financial advisor before investing.