PDP Shipping & Projects: PDP Shipping & Projects shares get listed at 20% discount!PDP Shipping & Projects: PDP Shipping & Projects shares get listed at 20% discount!

PDP Shipping & Projects made a weak stock market debut on March 18, listing at ₹108.25 on the BSE SME, 20% lower than its issue price of ₹135. The company’s SME IPO was available for subscription between March 10 and March 12.

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PDP Shipping & Projects’ ₹12.65 crore SME IPO, comprising 0.93 million fresh shares, was open from March 10-12, 2025, at ₹135 per share. The IPO saw mild demand, oversubscribed 1.01 times, with allotment finalized on March 13, 2025.

PDP Shipping & Projects provides end-to-end logistics solutions, including sea and air freight, custom clearance, and value-added services. The company specializes in global cargo transport across various modes, ensuring efficient handling of diverse shipments through multimodal transportation networks.

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The objective of PDP Shipping & Projects’ IPO is to raise ₹12.65 crore for business expansion, working capital needs, and general corporate purposes. The fresh issue of 0.93 million shares aims to strengthen financial stability and support future growth initiatives.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.