Fixed Price IPO | ₹13 Cr | Listed at BSE SME | Mon, Mar 10, 2025 - Wed, Mar 12, 2025
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 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 for investment in 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 Open
Mon, Mar 10, 2025
IPO Close
Wed, Mar 12, 2025
Issue Price
₹135 per share
Market Cap (Pre-IPO)
₹40.15 Cr
| IPO Date | 10 to 12 Mar, 2025 |
| Listed on | Tue, Mar 18, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹135 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 9,37,000 shares (agg. up to ₹13 Cr) |
| Reserved for Market Maker | 47,000 shares Rikhav Securities Ltd. (agg. up to ₹0.6345 Cr) |
| Fresh Issue (Ex Market Maker) | 8,90,000 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 8,90,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 20,37,424 shares |
| Share Holding Post Issue | 29,74,424 shares |
| BSE Script Code | 544378 |
| ISIN | INE0ABU01016 |
PDP Shipping IPO comprises a total issue size of 9,37,000 shares. The net offer to the public is 8,90,000 shares, after excluding 47,000 shares allotted on a firm basis. Of the Net offer 4,45,000 (50.00%) allocated to NII 4,45,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,45,000 | 50.00% | 47.49% |
| Retail Shares Offered | 4,45,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 47,000 | 5.02% | |
| Total Shares Offered | 9,37,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
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 | 22.60 | 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 | 0.50 | 0.30 | 0.04 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part funding long-term working capital requirements | 10.00 |
| 2 | General corporate purposes | 0.80 |
| KPI | Mar 31, 2023 |
|---|---|
| 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 (₹) | 11.36 | 7.92 |
| P/E (x) | 11.89 | 17.05 |
| Promoter Holding | 99.99% | 68.5% |
| Market Cap | ₹40.15 Cr. |
The PDP Shipping IPO is subscribed 1.01 times on March 12, 2025 6:19:32 PM (Day 3). The public issue subscribed 1.88 times in the retail category, [.] times in the QIB category, and 0.14 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.14 | 4,45,000 | 64,000 | 0 |
| Retail | 1.88 | 4,45,000 | 8,36,000 | 0 |
| Total | 1.01 | 8,90,001 | 9,00,000 | 1,497 |
Total Application : 1,497
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to LM including underwriting commission | 0.96 |
| 2 | Advertising and marketing expenses | 0.02 |
| 3 | Fees to the Registrar to the Issue | 0.01 |
| 4 | Fees Payable to Legal Advisors | 0.04 |
| 5 | Fees payable to the regulators including stock exchange(s) | 0.04 |
| 6 | Printing and distribution of Issue stationary | 0.01 |
| 7 | Commission/processing fee for SCSBs, Sponsor Banks and Banker to the Issue, Brokerage, commission and selling commission, Registered Brokers, RTAs and DPs | 0.03 |
| 8 | Others (expenses and fees payable for marketing & distribution, Market Making, Underwriting, Peer Reviewed Auditor, out of pocket and miscellaneous expenses etc.) | 0.75 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹135.00 |
| Open | ₹108.25 |
| Low | ₹102.85 |
| High | ₹108.25 |
| Last Trade | ₹102.85 |
Lead Manager Reports
PDP Shipping IPO is a SME IPO of 9,37,000 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 1000.
The IPO opens on Mon, Mar 10, 2025, and closes on Wed, Mar 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 Mon, Mar 10, 2025 and closes on Wed, Mar 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 Mon, Mar 17, 2025. Check the PDP Shipping IPO allotment status.
The PDP Shipping IPO listing date is on Tue, Mar 18, 2025.
