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The initial public offer (IPO) of PDP Shipping & Projects received bids for 2,14,000 shares as against 9,37,000 shares on offer, as per BSE data as of 17:00 hours on Monday (10 March 2025). The issue was subscribed 0.22 times.
The issue opened for bidding on Monday (10 March 2025) and it will close on Wednesday (12 March 2025). The price of the IPO is fixed at Rs 135 per share. The minimum order quantity is 1,000 equity shares. The equity shares will list on BSE’s SME platform.
The IPO comprises fresh issue of 9,37,000 equity shares. The promoter and promoter group shareholding will dilute to 68.50% from 99.9986% pre-issue.
About 47,000 equity shares will be reserved for subscription by market makers to the issue. The net issue comprises of 8,90,000 equity shares. The issue and the net issue will constitute 31.50% and 29.92%, respectively of the post offer paid up equity share capital of the company.
The company intends to utilize the net proceeds to partially fund long-term working capital requirements and general corporate purposes.
PDP Shipping & Projects provides end-to-end solutions in the logistics & transport industry involving multimodal transportation, sea, air, costal, rail and road transportation and custom clearance & other value-added services in logistics. As on 27 January 2025, the company had 18 employees on its payroll
The company recorded revenue from operations of Rs 13.75 crore and net profit of Rs 1.57 crore for the period as of 30 November 2024.
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