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PDP Shipping IPO is a fixed price issue of ₹12.65 crores. The issue is entirely a fresh issue of 0.09 crore shares of ₹12.65 crore.
PDP Shipping IPO bidding started from Mar 10, 2025 and ended on Mar 12, 2025. The allotment for PDP Shipping IPO was finalized on Mar 13, 2025. The shares got listed on BSE SME on Mar 18, 2025.
PDP Shipping IPO price is ₹135.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (1000 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,70,000.
Sun Capital Advisory Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to PDP Shipping IPO RHP for detailed Information.
| IPO Date | March 10, 2025 to March 12, 2025 |
| Listing Date | March 18, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹135 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 9,37,000 shares (aggregating up to ₹12.65 Cr) |
| Reserved for Market Maker | 47,000 shares Rikhav Securities Ltd. (aggregating up to ₹0.6345 Cr) |
| Net Offered to Public | 8,90,000 shares (aggregating up to ₹12.02 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 20,37,424 shares |
| Share Holding Post Issue | 29,74,424 shares |
PDP Shipping IPO offers total 9,37,000 shares. Out of which 4,45,000 (47.49%) allocated to NII, 4,45,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 47,000 (5.02%) |
| NII (HNI) Shares Offered | 4,45,000 (47.49%) |
| Retail Shares Offered | 4,45,000 (47.49%) |
| Total Shares Offered | 9,37,000 (100.00%) |
PDP Shipping IPO opens on March 10, 2025, and closes on March 12, 2025.
| IPO Open Date | Mon, Mar 10, 2025 |
| IPO Close Date | Wed, Mar 12, 2025 |
| Tentative Allotment | Thu, Mar 13, 2025 |
| Initiation of Refunds | Mon, Mar 17, 2025 |
| Credit of Shares to Demat | Mon, Mar 17, 2025 |
| Tentative Listing Date | Tue, Mar 18, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 12, 2025 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,35,000 |
| Retail (Max) | 1 | 1,000 | ₹1,35,000 |
| HNI (Min) | 2 | 2,000 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2009, PDP Shipping & Projects Limited provides end-to-end logistics solutions, including sea/air freight, customs clearance, and project logistics.
As an Authorized Economic Operator (AEO), the company offers global cargo transportation via sea, air, road, rail, and multi-modal options.
It operates on an asset-light model, partnering with third-party operators to deliver cost-effective, quality services for specialized goods like machinery, defense equipment, and automobiles, focusing on countries like Brazil, the USA, and South Korea.
Business Model:
As of January 27, 2025, the company has 18 employees on the payroll.
Competitive Strength:
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 12.32 | 8.26 | 6.22 | 4.22 |
| Total Income | 13.78 | 20.58 | 22.6 | 28.73 |
| Profit After Tax | 1.57 | 2.31 | 1.68 | 1.91 |
| Net Worth | 7.41 | 5.84 | 3.52 | 1.85 |
| Reserves and Surplus | 5.38 | 3.81 | 3.46 | 1.78 |
| Total Borrowing | 3.57 | 0.5 | 0.3 | 0.04 |
| Amount in ₹ Crore | ||||
The market capitalization of PDP Shipping IPO is ₹40.15 Cr.
KPI as of Fri, Mar 31, 2023.
| KPI | Values |
|---|---|
| ROE | 39.62% |
| ROCE | 50.04% |
| Debt/Equity | 0.09 |
| RoNW | 39.62% |
| PAT Margin | 7.48% |
| Price to Book Value | 4.71 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 11.36 | 7.92 |
| P/E (x) | 11.89 | 17.05 |
The Company PDP Shipping IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Part funding long-term working capital requirements | 10.00 |
| 2 | General corporate purposes | 0.80 |
[Dilip Davda] PSPL is engaged in the business of providing end-to-end logistic and transport services as an MTO. It posted declining trends for its top lines, but inconsistent and erratic bottom line raises eyebrows and concern over its sustainability. It is operating in a highly competitive and fragmented segment. Tiny paid-up equity capital post-IPO indicates longer gestation period for migration to mainboard. Based on its recent financial data, the issue appears aggressively priced. There is no harm in skipping this pricey bet that can be termed as “High Risk/Low Return” offer. Read detail review...
| Listing Date | March 18, 2025 |
| BSE Script Code | 544378 |
| NSE Symbol | |
| ISIN | INE0ABU01016 |
| Final Issue Price | ₹135 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹135.00 |
| Open | ₹108.25 |
| Low | ₹102.85 |
| High | ₹108.25 |
| Last Trade | ₹102.85 |
PDP Shipping & Projects Ltd.
A-606, Mahavir Icon,
Plot numbers 89 & 90, Sector 15,
CBD Belapur, Navi Mumbai - 400 614
Mumbai, Maharashtra
Phone: 022 2756 5053
Email: compliance@pdpprojects.com
Website: https://www.pdpprojects.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: pdp.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
PDP Shipping IPO is a SME IPO of 9,37,000 equity shares of the face value of ₹10 aggregating up to ₹12.65 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 1000.
The IPO opens on March 10, 2025, and closes on March 12, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in PDP Shipping IPO using UPI as a payment gateway. Zerodha customers can apply in PDP Shipping IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in PDP Shipping IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The PDP Shipping IPO opens on March 10, 2025 and closes on March 12, 2025.
PDP Shipping IPO lot size is 1000, and the minimum amount required for application is ₹1,35,000.
You can apply in PDP Shipping IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for PDP Shipping IPO will be done on Thursday, March 13, 2025, and the allotted shares will be credited to your demat account by Monday, March 17, 2025. Check the PDP Shipping IPO allotment status.
The PDP Shipping IPO listing date is on Tuesday, March 18, 2025.
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