PDP Shipping IPO Listing: The stock opened at ₹108.25, while the PDP Shipping IPO listing was discounted by 19.81% on the BSE. The last heard PDP Shipping GMP was Rs 0. Therefore, it is essential to know the details of the PDP Shipping IPO listing.
About PDP Shipping & Projects Ltd.
A company that specializes in international freight forwarding and transportation solutions is PSPL (PDP Shipping & Project Limited). To address important issues, their team of professionals’ tailors integrated logistics, guaranteeing their esteemed clients smooth end-to-end worldwide supply chain management.
Road, rail, sea, air, coastal barges, and multimodal transportation are some of the ways they ship cargo of all sizes, shapes, and weights all over the world. Their strategy best aligns various methods and channels to meet certain customer needs in the most economical and efficient way possible.
PDP Shipping IPO Listing Details
The PDP Shipping IPO listing and other details are given below:
| Opening Date of IPO | 10 March, 2025 |
| Closing Date of IPO | 12 March, 2025 |
| Listing Date of IPO | 18 March, 2025 |
| Listing At | BSE SME |
| Lot Size | 1,000 shares |
| Issue Price | ₹135 per share |
The shares of PDP Shipping were listed at a nearly 20% discount to the initial public offering price on Tuesday, March 18, marking a dismal beginning. PDP Shipping and Projects’ shares began trading on the BSE SME platform at ₹108.25 each. The stock was launched at a 19.81% discount to the ₹135 per share issue price. The BSE saw over 1,52,000 equity shares exchange hands within minutes of listing. The entire amount traded was 1.63 crore. ₹32.12 crore was the company’s market capitalization.
PDP Shipping IPO Listing Goals
In line with their RHP, the business plans to use ₹79 lakh for other corporate objectives and ₹10 crore from the IPO proceeds to address long-term working capital needs. For April through November of FY 2024–2025, PDP Shipping reported a PAT (profit after tax) of ₹1.57 crore. For the eight months ended in November 2024 of FY25, the company’s operating revenue was ₹13.75 crore.
Compared to the previous fiscal year’s ₹1.68 crore, the company’s FY 2023–24 profit after tax was ₹2.31 crore. Compared to FY 2022-23, when its operating revenue was ₹22.48 crore, FY 2023-24 saw ₹20.51 crore.
Conclusion
A combination of circumstances led to PDP Shipping’s unsatisfactory initial public offering (IPO) listing, which was characterized by a large discount and subsequent reduced circuit hits. Moreover, a lack of strong market confidence was reflected in the IPO’s poor subscription and investor morale was damaged by the listing taking place below the issue price.
Furthermore, the market’s negative response was influenced by underlying worries about the company’s financial situation, which included falling revenue and mounting debt. In the end, these circumstances combined to give PDP Shipping IPO listing a subpar market debut.
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