The financial growth shown by PDP Shipping & Projects in recent years reflects the company's solid performance, with consistent profitability and a high return on capital. The company’s valuation appears reasonable, with a P/E ratio well below the industry average, which suggests that the IPO price is not overvalued.

Grey Market Premium (GMP):
Currently, the Grey Market Premium for PDP Shipping & Projects IPO is ₹0, indicating that there is no expected listing gain based on current market trends. The GMP is purely speculative and based on demand-supply in the unregulated market, which may not accurately reflect the post-listing price.

IPO Subscription and Allotment:
As of March 12, 2025, the IPO was subscribed 1.01 times on the final day of the subscription period. Investors can check the allotment status online by entering details like their application number, PAN, or DP Client ID. The allotment date is set for March 13, 2025, and shares will be listed on BSE SME on March 18, 2025.

Objectives of the IPO:
The proceeds from the IPO will be used for the following purposes:

1. ₹1,000.00 lakh to fund long-term working capital requirements.
2. ₹79.95 lakh for general corporate purposes.

Business Overview:
PDP Shipping & Projects is a reputable player in the freight forwarding industry, offering integrated logistics solutions to global clients. The company’s expertise lies in handling complex transportation needs with a focus on cost-effectiveness and efficiency. The company’s founder, Mr. Animesh Kumar, has over two decades of experience in the shipping and logistics field, ensuring strong leadership and industry insights.

Risk Factors:

• Grey Market Premium: The lack of a GMP suggests there might be limited enthusiasm in the market for immediate listing gains.
• Dependency on Shipping Industry Trends: Changes in global shipping and logistics demand can affect the company’s revenue and profit margins.

Investment Recommendation:
Given the company’s solid financials, the IPO price appears fair, but the Grey Market Premium suggests there might be limited short-term gains from listing. While the company has shown steady growth, the valuation and the absence of any significant pre-listing excitement point to potential caution for those looking for immediate returns. Therefore, investors are advised to avoid the IPO for listing gains and consider other investment avenues based on long-term growth potential.

The Current active IPO are Paradeep Parivahan, Divine Hira Jewellers.

The Closed IPOs are  Super Iron Foundry, PDP Shipping & Projects.

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