PDP Shipping & Projects Ltd. was incorporated on June 1, 2009. The company provides end-to-end solutions in the logistics & transport industry as a Multimodal Transport Operator (MTO), sea and air freight transportation, custom clearance services, and value-added services in the Logistics industry.
| Bidding Dates |
|---|
| 10 Mar 2025 - 12 Mar 2025 |
| Subscription |
|---|
| 1.01x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,35,000 | 1 | 1 | 1000 | 937.0 K | ₹135 | 68.5 % | ₹126.5 M | RHP DOC |
PDP Shipping & Projects IPO SUBSCRIPTION STATUS
12 Mar '25PDP Shipping & Projects IPO overall subscription rate was 1.01 times the total available shares
PDP Shipping & Projects IPO retail subscription rate was 1.78 times in the retail segment
PDP Shipping & Projects IPO non-institutional investor subscription rate was 0.24 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
12 Mar 2025 (Day 3) | 1.78x | 0.24x | - |
11 Mar 2025 (Day 2) | 0.83x | 0.16x | - |
10 Mar 2025 (Day 1) | 0.43x | 0.03x | - |
PDP Shipping & Projects FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 8MFY25 | 15.7 | 137.6 | 6.7 | -30.6 | 18.1% |
| FY24 | 23.1 | 205.2 | 22.5 | 4.9 | 15.9% |
| FY23 | 16.8 | 224.8 | 14.9 | -3.6 | 10.3% |
| FY22 | 19.1 | 287.2 | 24.0 | 20.8 | 9.3% |
PDP Shipping & Projects IPO SUBSCRIPTION STATUS DETAILS
PDP Shipping & Projects had 937.0 K shares on offer
PDP Shipping & Projects IPO offer price was ₹135
PDP Shipping & Projects IPO minimum Investment was ₹135000
PDP Shipping & Projects IPO issue size was ₹ 126.5 M
PDP Shipping & Projects had a minimum lot size of 1000 Shares per application
PDP Shipping & Projects NUMBER OF SHARES ON OFFER
PDP Shipping & Projects IPO IMPORTANT DATES
| Issue Open Date | 10 Mar 2025 |
| Issue close Date | 12 Mar 2025 |
| Allotment Date | 13 Mar 2025 |
| Refund Date | 17 Mar 2025 |
| Demat Account Credit Date | 17 Mar 2025 |
| Listing Date | 18 Mar 2025 |
| Listing on Exchange(s) | BSE |
| PDP Shipping & Projects Allotment Status | Exchange/ Registrar |
PDP Shipping & Projects IPO subscription opened on 10 Mar 2025, and closed on 12 Mar 2025
IPO allotment for PDP Shipping & Projects was finalized on Thursday, 13 Mar 2025
IPO listing for PDP Shipping & Projects was on BSE on Tuesday, 18 Mar 2025
PDP Shipping & Projects IPO LISTING GAINS
| Issue Price (adjusted) | 135.0 |
| Listing Open Price | 108.3 |
| Listing Close Price | 102.8 |
| Listing Gain% | -19.8% |
| Current Gain% | -57.0% |
PDP Shipping & Projects Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PDP Shipping & Projects Ltd. | 58 | 17.3 | 13.7 | -0.3 | 0.6 | 6.2 | 5.6 | 28.5 | 30.1 | 1.3 | -40.4 | 4.2 | -40.4 |
| Container Corporation of India Ltd. | 505.2 | 38476.9 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 473.3 | 35452.8 | 379 | -7.2 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 241.2 | 14120.3 | 83.5 | 3 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5089.5 | 12076.3 | 42.1 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 281.4 | 4921.9 | 18.4 | 0.8 | 1.5 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
PDP Shipping & Projects INFORMATION ON IPO ISSUE
About PDP Shipping & Projects
PDP Shipping & Projects Ltd. was incorporated on June 1, 2009. The company provides end-to-end solutions in the logistics & transport industry as a Multimodal Transport Operator (MTO), sea and air freight transportation, custom clearance services, and value-added services in the Logistics industry.
Object of the Issue
- Part funding long-term working capital requirement
- General corporate purposes
PDP Shipping & Projects - PROMOTERS
| Name |
|---|
| Animesh Kumar |
PDP Shipping & Projects Lead Manager to the Issue
Sun Capital Advisory Services Private Limited
mb@suncapital.co.in
PDP Shipping & Projects Registrar to the Issue
Kfin Technologies Limited
pdp.ipo@kfintech.com
PDP Shipping & Projects Strengths
Integrated, end-to-end logistics services
The company provides integrated, end-to-end logistics service solutions that address the requirements of its clients. The company also provides its clients with value-added services such as packaging & dunnage, arranging fumigation, securing cargo during transportation and customs clearance
Large existing network
The company has tapped markets across the countries by establishing a relationship through its network with international companies through network group and associates
PDP Shipping & Projects Risks
Statutory and regulatory approvals
The company must obtain and periodically renew various approvals, licenses, registrations, and permits from regulatory authorities and industry bodies, including the Authorized Economic Operator (AEO) Certificate, Membership in the Association of Multimodal Transport Operators of India, and a Customs Broker License. Failure to secure, maintain, or renew these on time may negatively impact its operations
Dependent on third party suppliers
The company is heavily dependent on a limited number of third-party suppliers for their services for handling the company's business operation. The loss of any significant such third-party suppliers may have an adverse effect on the business, financial condition, results of operations and prospects
Legal Issues
The nature of the company's business exposes it to liability claims and contract disputes and the company's indemnities may not adequately protect it. Any liability in excess of reserves or indemnities could result in additional costs, which would reduce the company's profits
IPO FAQs
The promoter of the company is Animesh Kumar.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 135.0 - 135.0.
The IPO application opens on Mar 10, 2025 and closes on Mar 12, 2025.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 135,000.0, the maximum value for this IPO is Rs 135,000.0.
This IPO will be allotted on Mar 13, 2025.
The refund will be credited to your account on Mar 17, 2025.
The allotted shares will be credited to your demat on Mar 17, 2025.
PDP Shipping & Projects Ltd.’s shares listed on the stock exchanges on Mar 18, 2025.