PDP Shipping & Projects Limited IPO Details (everything about PDP Shipping & Projects Limited IPO)
PDP Shipping & Projects Ltd IPO Details:
1. IPO Size:
- PSPL plans to raise ₹12.65 crore through its IPO by issuing 9.37 lakh equity shares with a face value of ₹10 each.
2. Price Band:
- The price band for the IPO has been set at ₹135 per share. Investors can bid for shares within this range.
3. Subscription Period:
- The IPO will open on March 10, 2025, and close on March 12, 2025.
4. Lot Size:
- Investors can apply for a minimum of 1,000 shares in a single lot. Bids can be made in multiples of 1,000 shares. This means that the minimum investment will be ₹1,35,000 (1,000 shares at ₹135 each).
5. Listing:
- The company plans to list its shares on the Bombay Stock Exchange (BSE). The listing is expected to happen on March 18, 2025.
Financial Performance of PDP Shipping & Projects Ltd:
For the financial year 2023-2024, PSPL reported:
- Revenue: ₹20.58 crore, showing steady business growth.
- Profit: ₹2.31 crore, marking an increase in profitability compared to the previous fiscal year.
In the previous fiscal year (2022-2023), the company reported:
- Revenue: ₹22.6 crore.
- Profit: ₹1.68 crore.
This indicates a growth trajectory in the company’s financial performance, reflecting improved operational efficiency and better market conditions.
Use of IPO Proceeds:
The funds raised through this IPO will primarily be used for:
- Expansion of operations to enhance the company's market presence.
- General corporate purposes including working capital requirements.
Company's Background:
- Founded: 2009
- Headquarters: A-606, Mahavir Icon, Plot Nos. 89 & 90, Sector 15, CBD Belapur, Navi Mumbai, Maharashtra – 400614.
- Business Areas: The company provides integrated solutions in freight forwarding (sea, air, and land), customs clearance, project logistics, and supply chain management. They handle a wide variety of cargo types, including industrial machinery and project shipments that require special handling.
Risk Factors and Considerations:
As with any IPO, there are risks involved, including market conditions, competition, and the company’s ability to maintain growth and profitability. Additionally, IPOs often have volatile initial listings, and it's crucial for investors to conduct thorough research or consult financial advisors before making any investment decisions.
Here’s the information about PDP Shipping & Projects Ltd IPO in a table format:
| Parameter | Details |
|---|---|
| Company Name | PDP Shipping & Projects Ltd (PSPL) |
| IPO Issue Size | ₹12.65 crore (9.37 lakh equity shares) |
| Price Band | ₹135 per share |
| Subscription Period | March 10, 2025 – March 12, 2025 |
| Listing Date | March 18, 2025 |
| Lot Size | Minimum 1,000 shares (₹1,35,000) |
| Financial Year 2023-2024 Revenue | ₹20.58 crore |
| Financial Year 2023-2024 Profit | ₹2.31 crore |
| Previous Year 2022-2023 Revenue | ₹22.6 crore |
| Previous Year 2022-2023 Profit | ₹1.68 crore |
| Use of IPO Proceeds | Expansion of operations, general corporate purposes |
| Company's Founded Year | 2009 |
| Headquarters | A-606, Mahavir Icon, CBD Belapur, Navi Mumbai |
Conclusion:
PDP Shipping & Projects Ltd is aiming to raise funds to expand its operations and strengthen its market position. The company's consistent growth, coupled with its diverse range of logistics services, may appeal to investors looking to capitalize on the growing Indian logistics sector. However, as with all IPOs, potential investors should assess the financial health of the company, industry prospects, and any associated risks before proceeding.
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