PDP Shipping IPO is a fixed price issue of ₹12.65 crore, consisting entirely of a fresh issue of 9.37 lakh shares. The subscription opens on March 10, 2025, and closes on March 12, 2025. The allotment will be finalized on March 13, 2025, and the company is expected to be listed on BSE SME on March 18, 2025.

IPO Price and Investment Requirements

The IPO price is set at ₹135 per share. Investors must apply for a minimum lot size of 1000 shares, translating to a minimum investment of ₹1,35,000 for retail investors. High Net-worth Individuals (HNIs) must apply for at least two lots (2,000 shares), requiring an investment of ₹2,70,000.

Lead Manager, Registrar, and Market Maker

• Book Running Lead Manager: Sun Capital Advisory Services (P) Ltd
• Registrar: Kfin Technologies Limited
• Market Maker: Rikhav Securities Limited

Business Overview

PDP Shipping provides comprehensive logistics and transport solutions, including multimodal transportation, sea, air, coastal, rail, and road transport. The company also offers custom clearance, freight forwarding, and project logistics services. As a Government-licensed Multi-modal Transport Operator, Customs Broker, and Authorised Economic Operator, PDP Shipping specializes in handling heavy-lift cargo, over-dimensional cargo, and sea towing operations.

Industry Overview

The logistics and transportation industry is a crucial pillar of the global and Indian economy. Efficient logistics solutions enable seamless international trade and business expansion. India's logistics sector is integral to both manufacturing and service supply chains, ensuring efficient movement of goods and services. A well-developed logistics infrastructure contributes to rapid economic growth and increased trade efficiency.

Promoter Details

The promoter of PDP Shipping is Animesh Kumar, who leads the company's business operations and strategic initiatives.

Issue Size and Utilization of Funds

PDP Shipping plans to raise ₹12.65 crore through this IPO. The proceeds from the issue will be utilized as follows:

1. Part funding long-term working capital requirements: ₹10 crore
2. General corporate purposes: ₹79.95 lakh

The company has allocated a maximum of 15% of the gross proceeds (or ₹10 crore, whichever is lower) for general corporate purposes.

Listing and Allotment Dates

• IPO Subscription: March 10 – March 12, 2025
• Allotment Finalization: March 13, 2025
• Tentative Listing Date: March 18, 2025 (BSE SME)

Investors looking to participate in PDP Shipping IPO should carefully analyze the financials, industry trends, and business model before making an investment decision.

The Upcoming IPOs in this week and coming weeks are Super Iron Foundry, PDP Shipping & Projects, Paradeep Parivahan.

The Closed IPOs are NAPS Global.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.

Join our Finance Saathi Telegram Channel for Regular Share Market, News & IPO Update.