10 Mar PDP Shipping IPO subscribed 14% on Day 1: Check GMP, price band and other details
The retail portion of the issue was subscribed to 26%, while the non-institutional investors category saw a 3% subscription.
The company will use the IPO funds for partially funding long-term working capital requirements and general corporate purposes. The issue is being managed by Sun Capital Advisory Services, while Kfin Technologies is the registrar.
PDP Shipping IPO price band
The company has priced the IPO at Rs 135 apiece, where investors can bid for 1,000 shares in one lot.
PDP Shipping GMP on Day 1
PDP Shipping GMP is currently ‘NIL’ in the grey market, which indicates a muted demand for the IPO. Most of the recent SME offers in the recent past had no GMP in the run up to the launch or even the listing.
About PDP Shipping
The company provides end-to-end solutions in the Logistics and Transport industry involving multimodal transportation, sea, air, coastal, rail and road transportation and custom clearance and other value-added services in logistics.
It is a government-licensed multi-modal transport operator, also a customs broker and accredited authorised economic operator. It also provides services of International Freight Forwarding and global end to end transportation solutions.
The company is specialized in handling project logistics including super heavy-lift, super over dimension cargo, floating and beaching roll on – roll off loadouts, sea towing operations, sea fastening and project cargo.
PDP Shipping financials
In the period ended November 2024, the company clocked revenues of Rs 13.77 crore and a net profit of Rs 1.57 crore. There is no comparable period in the RHP for the above figures.
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