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.
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.
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