PDP Shipping IPO is scheduled to start on March 10, 2025, and will close on March 12, 2025. The IPO allotment is likely to be finalized on March 13, 2025, with a tentative listing date on the BSE SME platform set for March 18, 2025. This fixed price issue is priced at ₹135 per share, aiming to raise approximately ₹12.65 crores through a fresh issue of 9.37 lakh equity shares.
The IPO has allocated 50% of shares for retail investors and 50% for HNI investors, with no quota for QIB. Retail investors can apply for a minimum of 1 lot (1,000 shares), requiring an investment of ₹1,35,000, while HNI investors must apply for at least 2 lots (2,000 shares) amounting to ₹2,70,000.
PDP Shipping has shown consistent financial growth, reporting revenue of ₹20.58 crores in 2024 compared to ₹22.6 crores in 2023. The company’s profit increased to ₹2.31 crores in 2024 from ₹1.68 crores in 2023. With solid financial performance, PDP Shipping IPO could be an attractive option for long-term investors.
Overview of Contents
About PDP Shipping & Projects IPO
Established in 2009, PDP Shipping & Projects Limited provides comprehensive logistics solutions, including international freight forwarding, multimodal transportation, and customs clearance services. The company operates on an asset-light business model, collaborating with third-party operators to offer cost-effective shipping solutions for industries like defense, automobiles, energy, and infrastructure.
With a Multi-Modal Transport Operator (MTO) license and Authorized Economic Operator (AEO) certification, PDP Shipping facilitates seamless cargo movement across sea, air, road, and rail networks, catering to key markets like the USA, Brazil, and South Korea.
The company’s core services include ocean freight, air freight, project logistics, and warehousing solutions, offering tailored transportation services for heavy machinery, break bulk cargo, and temperature-sensitive shipments. Under the leadership of founder Animesh Kumar, PDP Shipping has executed notable projects like the Mumbai Trans Harbor Link (MTHL), Hyundai Azito Energie Project, and Volkswagen Paint Shop Project.
With a strong client base across diversified sectors and a commitment to delivering reliable, cost-efficient logistics services, PDP Shipping continues to strengthen its position in the global shipping and logistics market.
PDP Shipping IPO Overview
| IPO Details | Information |
|---|---|
| IPO Open Date | March 10, 2025 |
| IPO Close Date | March 12, 2025 |
| Listing Date | March 18, 2025 |
| Face Value | ₹10 per share |
| IPO Price | ₹135 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 9,37,000 shares (₹12.65 Cr) |
| Fresh Issue | 9,37,000 shares (₹12.65 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Retail Quota | Not more than 50% |
| QIB Quota | Not more than 0% |
| NII Quota | Not more than 50% |
| Market Maker Portion | 47,000 shares |
| Pre-Issue Shareholding | 20,37,424 shares |
| Post-Issue Shareholding | 29,74,424 shares |
PDP Shipping IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
PDP Shipping IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹1,35,000 |
| Retail Maximum | 1 | 1000 | ₹1,35,000 |
| S-HNI Minimum | 2 | 2000 | ₹2,70,000 |
PDP Shipping IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | March 10, 2025 |
| IPO Closing Date | March 12, 2025 |
| Allotment Finalization | March 13, 2025 |
| Refund Initiation | March 17, 2025 |
| Demat Account Credit | March 17, 2025 |
| IPO Listing Date | March 18, 2025 |
Objects of the Issue
- Part funding long-term working capital requirements
- General corporate purposes.
PDP Shipping IPO Financial Performance
| Financial Year | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Revenue | ₹13.78 Cr | ₹20.58 Cr | ₹22.6 Cr | ₹28.73 Cr |
| Profit After Tax | ₹1.57 Cr | ₹2.31 Cr | ₹1.68 Cr | ₹1.91 Cr |
| Net Worth | ₹7.41 Cr | ₹5.84 Cr | ₹3.52 Cr | ₹1.85 Cr |
| Assets | ₹12.32 Cr | ₹8.26 Cr | ₹6.22 Cr | ₹4.22 Cr |
| Reserves and Surplus | ₹5.38 Cr | ₹3.81 Cr | ₹3.46 Cr | ₹1.78 Cr |
| Total Borrowing | ₹3.57 Cr | ₹0.50 Cr | ₹0.30 Cr | ₹0.04 Cr |
PDP Shipping IPO Valuation – FY2024
| Valuation Metric | Values |
|---|---|
| Return on Net Worth (RoNW) | 39.62% |
| Return on Equity (ROE) | 39.62% |
| Return on Capital Employed (ROCE) | 50.04% |
| EBITDA Margin | 15.89% |
| Profit After Tax (PAT) Margin | 11.28% |
| Debt-to-Equity Ratio | 0.09 |
| Net Asset Value (NAV) | ₹67.46 |
| Earning Per Share (EPS) | ₹11.36 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
Peer Group Comparison
| Company Name | Income | RoNW % | EPS | PE Ratio | NAV |
|---|---|---|---|---|---|
| S J Logistics (India) Limited (Consolidated) | ₹270.86 Cr. | 20.03% | ₹20.03 | 26.73 | ₹77.36 |
| Marinetrans India Limited (Consolidated) | ₹106.34 Cr. | 1.28% | ₹0.33 | 76.36 | ₹19.99 |
| Cargosol Logistic Limited (Consolidated) | ₹113.55 Cr. | (18.21%) | ₹(4.18) | N/A | ₹19.53 |
PDP Shipping IPO Review
- Emkay Global –
- Hem Securities –
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- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
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- Canara Bank –
- DRChoksey FinServ –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
PDP Shipping IPO Promoter Holding
| Shareholding Stage | Percentage (%) |
|---|---|
| Pre-Issue Holding | 99.9986% |
| Post-Issue Holding | 68.50% |
PDP Shipping IPO Registrar
📌 Registrar Name: KFin Technologies Limited
📞 Phone: 04067162222, 04079611000
📧 Email: [email protected]
🌐 Website: KFinTech IPO Status
IPO Lead Managers aka Merchant Bankers
🏢 Lead Manager: Sun Capital Advisory Services (P) Ltd
Company Address
🏠 Company Name: PDP Shipping & Projects Limited
📍 Address: A-606, Mahavir Icon, Plot numbers 89 & 90, Sector 15, CBD Belapur, Navi Mumbai – 400 614
📞 Phone: 022 2756 5053
📧 Email: [email protected]
🌐 Website: pdpprojects.com
PDP Shipping IPO FAQs
What is the IPO Open and Close Date for PDP Shipping IPO?
The IPO will open on March 10, 2025 and close on March 12, 2025.
What is the Lot Size and Price of PDP Shipping IPO?
The lot size is 1,000 shares, and the issue price is set at ₹135 per share.
What is the Listing Date of PDP Shipping IPO?
The shares are expected to be listed on March 18, 2025 on BSE SME.
Who is the Registrar for PDP Shipping IPO?
The IPO registrar is KFin Technologies Limited.
How can I apply for PDP Shipping IPO?
You can apply for PDP Shipping IPO through ASBA (Application Supported by Blocked Amount) available in your bank’s net banking service or through your broker’s IPO application platform.