Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Mutual Funds
Invest in Mutual Funds
Invest in direct mutual funds at zero charges via lump sump investments or SIPs
PDP Shipping Projects IPO
PDP Shipping & Projects Ltd
₹1,35,000 /1000 sharesMinimum investment
IPO listing details
Listed on
18 Mar '25
Issue price
₹135.00
Listing price
₹108.25
Listing gains
-₹26.75 (19.81%)
Exchange
--
IPO details
Minimum investment
₹1,35,000
Price range
₹135 - ₹135
Lot size
1,000
Issue size
12.65 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers0.00x
Non-Institutional Investor0.24x
Retail Individual Investor1.61x
Total0.88x
As of 12 Mar'25, 05:00 PM
Schedule
10 Mar 2025
IPO open date
12 Mar 2025
IPO close date
13 Mar 2025
Allotment date
13 Mar 2025
Funds unblock or debit
18 Mar 2025
Tentative listing date
About
Founded in
2009
MD/CEO
Mr. Animesh Kumar
Parent organisation
PDP Shipping & Projects Ltd
PDP Shipping Projects Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company claims to have a successful history of managing over-dimensional, breakbulk, and project cargo.
The company claims to offer total supply chain solutions under a single-window system, streamlining international transportation and logistics management.
The company is ISO 9001:2015 certified for quality management systems.
The company is dependent on a limited number of suppliers. The top 10 suppliers contributed Rs 8.30 crore (60.32%), Rs 13.16 crore (64.16%), Rs 14.73 crore (65.51%), and Rs 21.70 crore (75.58%) to the revenue in the period ending November 30, 2024, FY24, FY23, and FY22, respectively. However, it does not have long-term agreements with these suppliers. Any adverse changes in the availability, pricing, or reliability of these third-party suppliers could negatively impact the company’s operations.
The top 10 customers of the company contributed Rs 12.91 crore (93.86%), Rs 20.06 crore (97.80%), Rs 21.75 crore (96.73%), and Rs 27.54 crore (95.88%) to the order book in the period ended November 30, 2024, FY24, FY23, and FY22, respectively. Any failure to retain these key customers or a loss of business from these clients can adversely affect the company’s business and financial standing.
As of December 31, 2024, the company had an outstanding financial indebtedness of Rs 3.12 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
The company generated negative cashflows in the past years. Any inability to effectively manage cash outflows from investing activities in the future may adversely impact the company’s business, financial condition, and results of operations.
The company is dependent on commercial ocean freight carriers, non-vessel owning common carriers (NVOCC), and third-party vendors for key logistics services, including inland transportation, container supply, and warehousing. Any loss of or significant decrease in the services provided by these vendors could adversely impact the company’s operations.
The company is susceptible to fluctuations in ocean freight rates and foreign currency exchange rates, as a portion of its revenue is derived from international operations. The company’s overseas revenue as a percentage of total revenue stood at 39.74% for the period ending November 30, 2024, 61.04% in FY24, 28.04% in FY23, and 8.28% in FY22. Thus, the company faces forex risks related to non-Indian rupee-denominated trade receivables, trade payables, and cash equivalents.
Application details
For PDP Shipping Projects IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹135 - ₹135 | ₹2 - ₹5 Lakhs | 1000 |
| High Networth Individual | ₹135 - ₹135 | ₹2 - ₹5 Lakhs | 1000 |