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PDP Shipping Projects IPO
PDP Shipping & Projects Ltd
₹1,35,000 /1000 sharesMinimum Investment
PDP Shipping Projects IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹135.00 | ₹108.25 | -₹26.75 (19.81%) |
PDP Shipping Projects IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 10 Mar ‘25 - 12 Mar ‘25 | ₹1,35,000 | 1,000 | ₹135 - ₹135 |
| Issue Size | IPO Doc |
|---|---|
| 12.65Cr | RHP PDF |
Subscription rate
As of 12 Mar'25, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.24x |
| Retail Individual Investor | 1.61x |
| Total | 0.88x |
About PDP Shipping Projects
Founded in
2009
Managing director
Mr. Animesh Kumar
Parent organisation
PDP Shipping & Projects Ltd
Strengths & Financials of PDP Shipping Projects
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.
PDP Shipping Projects Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of PDP Shipping Projects IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹135 - 135 | ₹2 - 5 Lakh |
| High Networth Individual | ₹135 - 135 | ₹2 - 5 Lakh |
For PDP Shipping Projects IPO, eligible investors can apply as Regular.