IPO Details
Bidding Dates
10 Mar '25 - 12 Mar '25
Minimum Investment
₹1,35,000 / 1 Lot (1,000 Shares)
Price Range
₹135
Maximum Investment
₹1,35,000 / 1 Lot (1,000 Shares)
Retail Discount
To be announced
Issue Size
₹12.65 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |PDP Shipping and Projects IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Mar 10, 25
IPO Closing Date
Mar 12, 25
Basis of Allotment
Mar 13, 25
Initiation of Refunds
Mar 17, 25
IPO Listing Date
Mar 18, 25
About PDP Shipping and Projects IPO
PDP Shipping and Projects Limited is launching its IPO with a fixed issue size of ₹12.65 crore. The offering consists entirely of a fresh issue of 9.37 lakh equity shares, priced at ₹135 per share. Investors can apply for a minimum of 1,000 shares, requiring an investment of ₹1,35,000 for retail applicants, while HNIs need to invest in at least two lots (2,000 shares) amounting to ₹2,70,000.
The IPO opened for bidding on March 10, 2025, and will close on March 12, 2025. The allotment is expected to be finalised on March 13, 2025, with a tentative listing date on BSE SME set for March 18, 2025. Sun Capital Advisory Services (P) Ltd is the book-running lead manager, while Kfin Technologies Limited is handling the registrar duties. Rikhav Securities Limited is the market maker for the issue.
Investors interested in detailed financials and business strategies can refer to the Red Herring Prospectus (RHP). The IPO provides an opportunity to invest in a growing player in the shipping and logistics sector.
Industry Outlook
- India's logistics sector is expected to grow at a CAGR of 4.5% from 2022 to 2050. With a projected GDP of US$ 6 trillion by 2030, the demand for efficient logistics services will increase, benefiting PDP Shipping and Projects Limited.
- Around 95% of India's trade by volume and 70% by value happens through maritime transport. The government's focus on developing 6 new mega ports under the Sagarmala initiative will create more opportunities for PDP Shipping and Projects Limited to expand its operations.
- India's goal to reduce logistics costs from 13-14% of GDP to 8-10% by 2030 is expected to improve trade efficiency. A 10% reduction in logistics costs could boost exports by 5-8%, leading to increased demand for shipping services, positively impacting PDP Shipping and Projects Limited.
PDP Shipping and Projects IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The proceeds will be used to meet the company's operational and financial needs, ensuring smooth business operations.
- The remaining funds will be used for general corporate purposes.
About PDP Shipping and Projects Limited
PDP Shipping and Projects Limited is a logistics and transport service provider that has evolved into an end-to-end logistics solutions company. Established in 2009 as a private limited company and later converted into a public limited company in 2015, the company specialises in multimodal transport operations, sea and air freight transportation, custom clearance, and project logistics.
Licensed by the Directorate General of Shipping, Government of India, as a Multi-Modal Transport Operator (MTO) and a Customs Broker, PDP Shipping and Projects Limited offers seamless logistics services for both imports and exports. The company is also an Authorised Economic Operator (AEO), ensuring reliable and secure logistics operations. Its expertise includes handling specialised cargo such as heavy lifts, over-dimensional cargo (ODC), and project logistics, including RoRo loadouts, sea towing, and custom-engineered transport solutions.
Operating with an asset-light business model, the company collaborates with a global network of third-party transport operators and logistics infrastructure providers. It caters to industries such as automobile, defence, heavy engineering, energy, infrastructure, and FMCG.
Headquartered in Navi Mumbai near JNPA SEZ, PDP Shipping and Projects Limited is ISO 9001:2015 certified. Under the leadership of its founder and Managing Director, Animesh Kumar, who has over two decades of experience in logistics, the company has built a strong reputation for delivering efficient and cost-effective global transportation solutions.
How To Check the Allotment Status of PDP Shipping and Projects IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the PDP Shipping and Projects IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the PDP Shipping and Projects IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of PDP Shipping and Projects IPO
Registered office: A-606, Mahavir Icon, Plot numbers 89 and 90, Sector 15,
CBD Belapur, Navi Mumbai - 400 614
Phone: 022 2756 5053
E-mail: compliance@pdpprojects.com
PDP Shipping and Projects IPO Reservation
|
Investor Category |
Shares Offered |
|
Anchor Investor Shares Offered |
- |
|
Market Maker Shares Offered |
47,000 (5.28%) |
|
Other Shares Offered |
3,98,000 (44.72%) |
|
Retail Shares Offered |
4,45,000 (50%) |
|
Total Shares Offered |
8,90,000 (100%) |
PDP Shipping and Projects IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1,000 |
₹1,35,000 |
|
Retail (Max) |
1 |
1,000 |
₹1,35,000 |
|
HNI (Min) |
2 |
2,000 |
₹2,70,000 |
PDP Shipping and Projects IPO Promoter Holding
Animesh Kumar is the promoter of the company.
|
Share Holding Pre-Issue |
99.99% |
|
Share Holding Post Issue |
68.50% |
Note: Equity Dilution will be determined by subtracting the Share Holding Post Issue from the Share Holding Pre Issue.
Key Performance Indicators for PDP Shipping and Projects IPO
As of March 31, 2024, the market capitalisation of PDP Shipping and Projects's IPO is ₹252.65 crore. Here are the KPIs of PDP Shipping and Projects:
|
KPI |
Value |
|
RoE (%) |
39.62 |
|
RoCE (%) |
50.04 |
|
Debt/Equity |
0.09 |
|
PAT Margin |
7.48 |
Price Metrics
|
Metric |
Pre-IPO |
Post-IPO |
|
EPS (₹) |
11.36 |
7.92 |
|
P/E (x) |
11.89 |
17.05 |
Note: Pre-IPO EPS is based on pre-issue shareholding as per the RHP and FY24 earnings as of March 31, 2024. Post-issue EPS is calculated using post-issue shareholding and annualised FY24 earnings as of November 30, 2024, as stated in the RHP.
PDP Shipping and Projects IPO Prospectus
PDP Shipping and Projects IPO Registrar and Lead Managers
PDP Shipping and Projects IPO Lead Managers
- Sun Capital Advisory Services (P) Limited
Registrar for PDP Shipping and Projects IPO
Kfin Technologies Limited
- Contact Number:04067162222, 04079611000
- Email Address: pdp.ipo@kfintech.com
PDP Shipping and ProjectsIPO Registrar
Financial Performance of PDP Shipping and Projects Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from Operation (in ₹ lakh) | 2,051.60 | 2,248.19 | 2,871.88 |
| Profit After Tax (PAT) (in ₹ lakh) | 231.39 | 168.19 | 190.99 |
| EPS (Earnings per Share in ₹) | 11.36 | 8.26 | 9.37 |
| Debt-to-equity ratio (x) | 0.09 | 0.09 | 0.02 |
| Return on equity (%) | 39.62 | 47.73 | 103.69 |
| Return on capital employed (%) | 50.04 | 59.95 | 140.55 |
| EBITDA (in ₹ lakh) | 326.00 | 231.07 | 265.71 |
Know before investing
Strengths
5-
PDP Shipping and Projects is ready to tap huge logistics opportunities.
-
Proven expertise in handling over dimension, breakbulk, and project cargo.
-
Provides global supply chain solutions under a single-window system.
-
Strong execution capabilities in turnkey projects and critical consignments.
-
Expanding domestic and international presence through a growing network.
Risks
5-
Rising operating costs and inability to pass them on may hurt profits.
-
Global fuel price fluctuations and geopolitical risks impact service fees.
-
Dependence on third-party suppliers without long-term agreements poses risks.
-
Negative cash flows in past years may affect financial stability.
-
Delays in services or contract disputes can lead to financial losses.
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Peer Comparison of PDP Shipping and Projects Limited
| Company Name | EPS (Diluted) | NAV (per share in ₹) | P/E (x) | RoNW (%) |
|---|---|---|---|---|
| PDP Shipping and Projects Limited | 11.36 | 28.66 | 11.89 | 39.62 |
| Marinetrans India Limited | 0.33 | 19.99 | 76.36 | 1.28 |
| S J Logistics (india) Limited | 20.03 | 77.36 | 26.73 | 20.03 |
| Cargosol Logistics Limited | -4.18 | 19.53 | - | -18.21 |
PDP Shipping and Projects IPO FAQs
PDP Shipping and Projects IPO is a fixed price issue IPO. It will be open from March 10, 2025, to March 12, 2025.
The Basis of Allotment will happen on Thursday, March 13, 2025.
The IPO subscription window will open on March 10, 2025.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,000 shares.
The listing date for PDP Shipping and Projects Limited is Tuesday, March 18, 2025.
The issue size of the PDP Shipping and Projects IPO is up to ₹12.65 crore, with a complete fresh issue of ₹12.65 crore.
The open and close dates for PDP Shipping and Projects IPO are from March 10, 2025, to March 12, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read PDP Shipping and Projects Limited’s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the PDP Shipping and Projects IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Kfin Technologies Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.
PDP Shipping and Projects IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).
