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Subscription status of PDP Shipping IPO

PDP Shipping & Projects IPO
(Closed on 12 March 2025)

Price Rs. 135 Lot 1000 shares, Rs. 12.65 Crore

QIB NII x RII x Total x Applications
0.14 1.88 1.01 1,497
Note: 

 


 

 

 

 

What is the business of PDP Shipping?

Incorporated in 2009, PDP Shipping & Projects Limited offers comprehensive logistics solutions, including sea and air freight, customs clearance, and project logistics.

As an Authorized Economic Operator (AEO), the company provides global cargo transportation across various modes—sea, air, road, rail, and multimodal transport.

Operating with an asset-light model, PDP Shipping & Projects Limited partners with third-party operators to deliver cost-effective, high-quality services for specialized goods such as machinery, defense equipment, and automobiles. The company primarily focuses on markets in Brazil, the USA, and South Korea.

Business Model:

  • Multimodal Transport Operations (MTO): With a Multi-Modal Transport Operator’s License, PDP Shipping & Projects offers versatile transportation solutions via rail, road, and air. Services include Full Container Load (FCL), Less than Container Load (LCL), customs clearance, warehousing, and door-to-door delivery to ensure smooth and timely deliveries worldwide.

  • Air Freight: Through long-standing relationships with global airline carriers, the company secures competitive rates, reliable transit times, and allocated space. Air freight services include cargo pick-up, export/import clearance, and door-to-door delivery.

  • Ocean Freight: PDP Shipping & Projects coordinates sea freight services, offering LCL, FCL, cargo consolidation, customs clearance, packing, delivery, documentation, and temperature-sensitive cargo handling, along with flexible schedules and shipment tracking.

  • Packaging, Warehousing, Transportation & Distribution: The company provides packaging, warehousing, transportation, and distribution services, including third-party solutions. These services ensure safe packaging, secure storage, timely deliveries, inventory management, and efficient last-mile delivery for both domestic and international shipments.

As of January 27, 2025, the company employs 18 staff members.

Get more information about the company @ https://www.pdpprojects.com/

PDP Shipping IPO Details

IPO opens on  10 March 2025
IPO closes on  12 March 2025
Issue Type Book Built Issue IPO
Issue Size 937000 Shares /
Rs 12.65 Crore
* Fresh Issue 937000 Shares /
Rs 12.65 Crore
* Offer for Sale – – shares /
Rs.- crore
Market Maker Portion 47000 Shares
Net offer to Public 890000 Shares/
Rs 12.02 Crore
Face Value per share Rs. 10
Price Band Rs. 135
Employee discount  Rs. 0 per share
Retail Lot Size  1000 Shares
Listing will at  BSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (0%)
HNI (50%) 445000 6.01
RII  (50%) 445000 6.01
Total Shares  890000 12.02
Retail portion will be
oversubscribed by 
445
Forms
How much Shares to Apply in this IPO?
Min Retail Application 1000 Shares Rs.135000
Min HNI Application  2000 Shares Rs. 270000

Who are the Promoters of PDP Shipping?

Animesh Kumar is the Promoter of the company

What are the Objects of PDP Shipping IPO?

The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects:

  1. Funding of working capital requirements of the Company

  2. General corporate purposes

Tentative timetable

IPO opens on 10 March 2025
IPO Closes on 12 March 2025
IPO Allotment on  13 March 2025
Refund Initiation  17 March 2025
Credit of Shares 17 March 2025
Listing on 18 March 2025
Registered Office of the Company
PDP Shipping & Projects Limited
A-606, Mahavir Icon,
Plot numbers 89 & 90, Sector 15,
CBD Belapur, Navi Mumbai – 400 614
Who is the Lead Manager of this IPO?
Sun Capital Advisory Pvt ltd

Who is the Registrar to IPO?

Kfin Technologies Ltd

Super India Foundry IPO GMP grey market premium, review, Subscription, allotment, listing estimate

PDP Shipping IPO Financial & Analytical Ratios

Year Total
Income
Net
Profit
EPS RoNW
  Rs.in Crore Rs.in Crore Rs. %
2021-22 28.73 1.91
2022-23 22.60 1.68
2023-24 20.58 2.31 11.36 47.64
Book Value of the
Share on 31.03.2024
     
BV of the Share at
cap price after IPO
Rs.      
Offer Price/upper band Rs. 135    

Key Performance
indicators

Price/EPS of 23-24 11.89
Price/BV Ratio 3.15
Debt/Equity Ratio 6.26

How PDP Shipping IPO compares with the Peers?

As per RHP  FV Return on  PE
    Networth Ratio
PDP Shipping   47.64 11.89
Marinetrans   1.28 76.36
S J Logistics   20.03 26.73
Cargosol   -18.21  
       
       

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

PDP Shipping IPO Review by Paresh Gordhandas, CA & Research Analyst.

Incorporated in 2009, PDP Shipping & Projects Limited provides comprehensive logistics solutions, including sea and air freight, customs clearance, and project logistics.

As an Authorized Economic Operator (AEO), the company offers global cargo transportation across multiple modes—sea, air, road, rail, and multimodal transport.

Over the past three years, the company has experienced a decline in its topline performance. Operating in a highly competitive environment, the business continues to have a wide scope. An in-depth analysis of the financials shows no indications of manipulation. While the IPO size is relatively small, with only 445 applications, the retail portion may be subscribed once.

A notable concern is the lack of trading in the grey market, which has led many investors to be hesitant about applying for the IPO.

Additionally, the company’s small paid-up equity capital post-IPO suggests that it may take a longer period to qualify for migration to the mainboard

+ from fundamental angle: May Apply

+ from grey market angle: so-so

Quicklinks


PDP Shipping IPO

PDP Shipping IPO

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