PDP Shipping & Projects Limited IPO (PDP Shipping IPO) Detail
PDP Shipping IPO is a fixed price issue of Rs 12.65 crores. The issue is entirely a fresh issue of 9.37 lakh shares.
PDP Shipping IPO bidding opened for subscription on March 10, 2025 and will close on March 12, 2025. The allotment for the PDP Shipping IPO is expected to be finalized on Thursday, March 13, 2025. PDP Shipping IPO will be list on BSE SME with a tentative listing date fixed as Tuesday, March 18, 2025.
PDP Shipping IPO price is ₹135 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,35,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,70,000.
Sun Capital Advisory Services (P) Ltd is the book-running lead manager of the PDP Shipping IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for PDP Shipping IPO is Rikhav Securities Limited.
Refer to PDP Shipping IPO RHP for detailed information.
PDP Shipping IPO Details
| IPO Date | March 10, 2025 to March 12, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹135 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 9,37,000 shares (aggregating up to ₹12.65 Cr) |
| Fresh Issue | 9,37,000 shares (aggregating up to ₹12.65 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 20,37,424 shares |
| Share Holding Post Issue | 29,74,424 shares |
| Market Maker Portion | 47,000 shares Rikhav Securities Limited |
PDP Shipping IPO Reservation
PDP Shipping IPO offers total 9,37,001 shares. Out of which 4,45,000 (47.49%) allocated to NII, 4,45,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 47,000 (5.02%) |
| Other Shares Offered | 4,45,000 (47.49%) |
| Retail Shares Offered | 4,45,000 (47.49%) |
| Total Shares Offered | 9,37,001 (100%) |
PDP Shipping IPO Timeline (Tentative Schedule)
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 March 12, 2025 |
PDP Shipping IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,35,000 |
| Retail (Max) | 1 | 1000 | ₹1,35,000 |
| HNI (Min) | 2 | 2,000 | ₹2,70,000 |
| Lot Size Calculator | |||
PDP Shipping IPO Promoter Holding
| Share Holding Pre Issue | 99.9986% |
| Share Holding Post Issue | 68.50% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About PDP Shipping & Projects Limited
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:
- Multimodal Transport Operations (MTO): The company holds a Multi-Modal Transport Operator’s License, offering flexible transportation via rail, road, and air, including FCL, LCL, customs clearance, warehousing, and door delivery for smooth, timely deliveries worldwide.
- Air Freight: Over the years, the company has built strong relationships with global airline carriers, ensuring competitive rates, reliable transit times, and allocations. Services include cargo pick-up, export/import clearance, and door-to-door delivery.
- Ocean Freight: The company coordinates freight shipping by sea, offering LCL, FCL, cargo consolidation, customs clearance, packing, delivery, documentation, and temperature-sensitive cargo handling, providing flexible schedules and shipment tracking.
- Packaging, Warehousing, Transportation & Distribution: The company offers packaging, warehousing, transportation, and distribution services, including third-party solutions, ensuring safe packaging, storage, timely delivery, inventory management, and efficient last-mile delivery for domestic and international shipments.
As of January 27, 2025, the company has 18 employees on the payroll.
Competitive Strength:
- Integrated, end-to-end logistics services and solutions
- large existing Network
- Strong knowledge and expertise of Senior management team
- Existing Client Relationship
Company Financials
PDP Shipping & Projects Limited Financial Information (Restated)
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 12.32 | 8.26 | 6.22 | 4.22 |
| Revenue | 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 | ||||
Key Performance Indicator (KPI)
The market capitalization of PDP Shipping IPO is Rs 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 Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2024 that is available in RHP.
Objects of the Issue (PDP Shipping IPO Objectives)
The Company PDP Shipping & Projects IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Part funding long-term working capital requirements | 100 |
| 2 | General corporate purposes | 8 |
PDP Shipping IPO Review (Avoid)
[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…
PDP Shipping IPO Subscription Status (Bidding Detail)
The PDP Shipping IPO is subscribed 0.47 times on March 11, 2025 6:54:55 PM (Day 2). The public issue subscribed 0.88 times in the retail category, [.] times in the QIB category, and 0.06 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.06 | 4,45,000 | 27,000 | 0 |
| Retail | 0.88 | 4,45,000 | 3,93,000 | 0 |
| Total | 0.47 | 8,90,001 | 4,20,000 | 428 |
Total Application : 428
*Market Maker portion is not included to NII/HNI.
PDP Shipping IPO Prospectus
PDP Shipping & Projects Limited Contact Details
PDP Shipping & Projects Limited
A-606, Mahavir Icon,
Plot numbers 89 & 90, Sector 15,
CBD Belapur, Navi Mumbai – 400 614
Phone: 022 2756 5053
Email: compliance@pdpprojects.com
Website: https://www.pdpprojects.com/
PDP Shipping IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: pdp.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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