The PDP Shipping IPO is scheduled to open on 10 March 2025 and close on 12 March 2025. This Fixed Price Issue aims to raise approximately ₹12.65, comprising a fresh issue of ₹12.65 and an offer for sale (OFS) of up to 9,37,000 equity shares (face value: ₹10 each).
The PDP Shipping SME IPO will be available with a price band of ₹135 per share, with allocations divided as follows: 50% for retail investors, 0% for QIBs (Qualified Institutional Buyers), and 50% for HNIs (High Net-worth Individuals), making it a retail-friendly opportunity for interested buyers.
Key dates include the allotment finalization on 13 March 2025 and the anticipated listing on the BSE by 18 March 2025.
PDP Shipping’s financial momentum adds weight to the offering. In 2024, revenue adjusted to ₹20.58 crores (down from ₹22.6 crores in 2023), while profits surged 37.5% to ₹2.31 crores from ₹1.68 crores. For investors eyeing long-term growth, this IPO could align well with their strategy.
PDP Shipping IPO Details
| IPO Open Date: | 10 March 2025 |
| IPO Close Date: | 12 March 2025 |
| Listing Date: | 18 March 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Price: | ₹135 Per Share |
| Lot Size: | 1,000 Shares |
| Issue Type: | Fixed Price Issue |
| IPO Listing At: | BSE SME |
| Total Issue Size: | 9,37,000 Shares (Approx ₹12.65 Cr.) |
| Fresh Issue: | 9,37,000 Shares (Approx ₹12.65 Cr.) |
| Retail Quota: | Not more than 50% |
| NII (HNI) Quota: | Not more than 50% |
PDP Shipping IPO Market Lot
The minimum market lot for the PDP Shipping IPO is 1,000 shares, with an application amount of ₹1,35,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,000 | ₹1,35,000 |
| Retail Maximum | 1 | 1,000 | ₹1,35,000 |
| S-HNI Minimum | 2 | 2,000 | ₹2,70,000 |
PDP Shipping IPO Dates
The PDP Shipping IPO Subscription will open on 10 March 2025 and close on 12 March 2025. Allotments will be finalized on 13 March 2025, and the shares will be listed on 18 March 2025.
| IPO Open Date: | 10 March 2025 |
| IPO Close Date: | 12 March 2025 |
| Basic of Allotment: | 13 March 2025 |
| Refund: | 17 March 2025 |
| Credit of Shares to Demat Account: | 17 March 2025 |
| IPO Listing Date: | 18 March 2025 |
PDP Shipping IPO Promoters
The following are the promoters of the company:
- Animesh Kumar
| Promoter Holding Pre IPO: | 99.9986% |
| Promoter Holding Post IPO: | 68.50% |
About PDP Shipping & Projects
For over a decade, PDP Shipping & Projects has been the go-to partner for businesses navigating the complexities of global trade. Established in 2009 with a mission to simplify logistics, it has grown into a nimble, trusted ally for companies needing more than point-A-to-point-B solutions.
Think of them as the puzzle solvers of shipping, whether moving a massive wind turbine blade across oceans, ensuring delicate pharmaceuticals stay temperature-controlled mid-flight, or untangling customs red tape.
What sets PDP Shipping apart is that it doesn’t own fleets of ships or planes. Instead, it has built a tight-knit web of trusted partners worldwide, third-party experts, ports, and logistics hubs to craft cost-effective, reliable routes.
This lean approach lets them focus on their true passion: tackling the “impossible” shipments others shy away from. From defense equipment requiring military-grade precision to automobiles needing white-glove care, they thrive on challenges that keep others up at night.
Their team of 18 logistics veterans operates like a well-oiled machine, spanning Brazil, the U.S., South Korea, and beyond. Whether orchestrating Roll-on/Roll-off (RoRo) operations for offshore projects or racing against the clock for a time-sensitive air cargo delivery, they blend agility with meticulous attention to detail.
What They Offer
- Multimodal Mastery: Rail, road, air, or sea, they stitch together the smartest routes, from full-container loads to last-mile doorsteps.
- Air Freight Speed: Strong ties with global airlines mean priority slots, competitive rates, and fewer nail-biting delays.
- Ocean Freight Smarts: Real-time tracking, customs savvy, and care for everything from consolidated shipments to sensitive cargo.
- Big & Bold Projects: Heavy lifts, oversized cargo, and engineering-heavy logistics? They’ve got the muscle and the brains.
- Warehousing Wisdom: Secure storage, inventory tweaks, and seamless cross-border last-mile delivery.
PDP Shipping IPO SWOT
Strengths
- Integrated End-to-End Solutions: Offers comprehensive logistics services across sea, air, road, and rail, ensuring seamless cargo movement.
- Global Network & Partnerships: Leverages a vast network of third-party operators and agents for cost-effective, scalable operations.
- Experienced Leadership: Senior management brings deep industry expertise, driving innovation and client-centric strategies.
- Strong Financial Health: Stable Profit After Tax (PAT) and high Return on Equity (ROE: 39.62%) and Capital Employed (ROCE: 50.04%) reflect operational efficiency.
- Low Debt & Financial Stability: A debt-to-equity ratio of 0.09 ensures flexibility for future growth and minimizes financial risk.
- Attractive Valuation: Pre-IPO P/E ratio of 11.89x positions the company competitively, appealing to growth-focused investors.
- Sector Growth Opportunities: Positioned to capitalize on rising global trade and e-commerce demand in logistics and shipping.
Risks
- Revenue Decline: Revenue dropped from ₹28.73 Cr (FY22) to ₹13.78 Cr (Nov 2024), raising concerns about market share retention.
- High Post-IPO Valuation: A post-IPO P/E ratio of 17.05x may deter investors due to perceived overvaluation compared to pre-IPO levels.
- Intense Competition: It faces pressure from larger logistics firms with greater resources and market dominance.
- Dependency on External Factors: The company is Vulnerable to fuel price fluctuations, regulatory changes, and global economic downturns.
- Post-IPO EPS Drop: Earnings per share (EPS) fell from ₹11.36 (pre-IPO) to ₹7.92 (post-IPO), potentially impacting investor returns.
- Operational Limitations: Asset-light model and small workforce (18 employees) may strain reliability during peak demand or expansion.
- Global Uncertainties: Geopolitical tensions, pandemics, or trade wars could disrupt supply chains and profitability.
Note: Strengths highlight operational agility and financial robustness, while risks emphasize external dependencies and valuation concerns.
Conclusion
PDP Shipping & Projects demonstrates a compelling mix of agility and expertise in the logistics sector, backed by integrated solutions, a global partner network, and robust financial metrics (ROE: 39.62%, ROCE: 50.04%). Its asset-light model and low debt (Debt/Equity: 0.09) provide flexibility to capitalize on growing global trade opportunities.
However, risks loom: declining revenue, a high post-IPO P/E ratio (17.05x), and vulnerability to economic shifts and competition could challenge growth. While its experienced leadership and stable PAT signal resilience, investors must weigh its attractive valuation against operational constraints like workforce size and reliance on third parties.
PDP Shipping & Projects IPO offers strategic potential for those comfortable with sector volatility, but success hinges on navigating external uncertainties and scaling sustainably.
PDP Shipping Financial Report
In 2024, the company recorded a revenue of ₹20.58 crores, down from ₹22.6 crores in 2023, and its profit increased to ₹2.31 crores in 2024 from ₹1.68 crores in 2023.
Amount in Crores (₹)
| Particulars | Nov 2024 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Assets | ₹12.32 | ₹8.26 | ₹6.22 | ₹4.22 |
| Revenue | ₹13.78 | ₹20.58 | ₹22.6 | ₹28.73 |
| Expenses | ₹11.69 | ₹17.47 | ₹20.33 | ₹26.09 |
| EBITDA | ₹2.49 | ₹3.26 | ₹2.31 | ₹2.66 |
| Profit After Tax (PAT) | ₹1.57 | ₹2.31 | ₹1.68 | ₹1.91 |
| Net Worth | ₹7.41 | ₹5.84 | ₹3.52 | ₹1.85 |
| Reserves and Surplus | ₹5.38 | ₹3.81 | ₹3.46 | ₹1.78 |
| Total Borrowing | ₹3.57 | ₹0.5 | ₹0.3 | ₹0.04 |
PDP Shipping & Projects Limited Valuation – FY2024
| KPI (Key Performance Indicator) | Values |
|---|---|
| Return on Equity (RoE): | 39.62% |
| Return on Capital Employed (RoCE): | 50.04% |
| EBITDA Margin: | 15.83% |
| PAT Margin: | 11.22% |
| Debt to equity ratio: | 0.09 |
| Return on Net Worth (RoNW): | 39.62% |
| Price to Book Value: | 4.71 |
| Pre IPO EPS (₹): | 11.36 |
| Post IPO EPS (₹): | 7.92 |
| Pre IPO P/E (x): | 11.89 |
| Post IPO P/E (x): | 17.05 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income | Financial Statements |
|---|---|---|---|---|---|---|
| Marinetrans India Limited | 0.33 | 76.36 | 1.28 | 19.99 | 106.34 Cr. | Consolidated |
| S J Logistics (India) Limited | 20.03 | 26.73 | 20.03 | 77.36 | 270.86 Cr. | Consolidated |
| Cargosol Logistics Ltd | 4.18 | (NA) | 18.21 | 19.53 | 113.55 Cr. | Standalone |
PDP Shipping & Projects IPO Objectives
- Part Funding Long-Term Working Capital Requirements:
- Allocate a portion of the net proceeds to support and enhance the company’s liquidity for ongoing operations and sustainable growth initiatives.
- General Corporate Purposes:
- Utilize the remaining funds for various corporate needs, including strategic investments, expansion efforts, and other business development activities.
PDP Shipping SME IPO Review
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PDP Shipping IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: pdp.ipo@kfintech.com
Website: kosmic.kfintech.com/ipostatus/
PDP Shipping IPO Lead Managers
Sun Capital Advisory Services (P) Ltd
PDP Shipping & Projects Limited Address
PDP Shipping & Projects Limited
A-606, Mahavir Icon,
Plot number 89 & 90, Sector 15,
CBD Belapur, Navi Mumbai – 400614
Phone: 022 27565053
Email: compliance@pdpprojects.com
Website: pdpprojects.com
PDP Shipping IPO FAQs
What is the PDP Shipping IPO?
The PDP Shipping IPO is an SME listing through which the company intends to raise ₹12.65 Crores by issuing equity shares priced at ₹135 each, and the IPO will be listed on BSE.
When does the PDP Shipping IPO open for subscription?
The subscription period for the PDP Shipping IPO starts on 10 March 2025 for QIB, NII, and Retail Investors and will close on 12th March 2025.
How is the investor allocation divided in the PDP Shipping IPO?
The allocation is segmented as follows: 0% for QIB, 50% for NII, and 50% for Retail Investors.
How can I apply for the PDP Shipping IPO?
Applications for PDP Shipping SME IPO can be made online via ASBA through your bank account or by using UPI via your stockbroker’s platform. Alternatively, you may also apply offline by submitting a form through your stockbroker.
What is the total issue size of the PDP Shipping IPO?
The PDP Shipping IPO issue size is ₹12.65 crores.
What is the PDP Shipping IPO price band?
The PDP Shipping IPO is priced at ₹135 per share.
What is the minimum lot size for the PDP Shipping IPO?
The minimum bid requires purchasing 1,000 shares, which amounts to ₹1,35,000.
When is the PDP Shipping IPO allotment date?
Allotment for the PDP Shipping IPO is scheduled for 13 March 2025.
When will the PDP Shipping IPO be listed on the stock exchanges?
The PDP Shipping IPO will be listed on BSE on 18 March 2025.
Note: The PDP Shipping SME IPO price band and dates are officially announced. (The PDP Shipping IPO GMP details will be added to the IPO GMP page once they become available.)