PDP Shipping & Projects IPO opens March 10: Check price band, lot size, strengths, risks, financials, and key dates

PDP Shipping & Projects IPO will open for public subscription on Monday, March 10, 2025. The issue, which is fixed price at ₹135 per share, will conclude on Wednesday, March 12.

The initial share sale is completely a fresh issue of 9.37 lakh shares aggregating to ₹12.65 crore.

The proceeds from the issue will be used to partially fund long-term working capital needs and corporate general purposes.

PDP Shipping & Projects IPO lot size

Investors can apply for at least 1,000 shares, requiring an investment of ₹1,35,000. For high net-worth individuals, the minimum lot size is 2,000 shares worth ₹2,70,000.

PDP Shipping IPO: Allotment and listing date

PDP Shipping IPO: Strengths

• The company provides integrated, end-to-end logistics services that address the requirements of its clients.
• It has tapped markets across the countries by building relationships through its network with international companies.
• It has an experienced and qualified senior management team.

PDP Shipping IPO: Risks

• To maintain competitive pricing and increase profit margins, the company needs to continuously control its costs. Failing to maintain a competitive price will affect operations and cash flows.
• The company needs certain statutory and regulatory approvals to run its business. Failure to obtain, renew, or retain them can affect operations.
• The company's top ten customers contributed 97.80% of revenue in the financial year 2024. The loss of significant clients can affect the company's financial condition.

PDP Shipping & Projects financials

PDP Shipping & Projects reported a 37.5% increase in net profit to ₹2.31 crore in the financial year 2024, compared to ₹1.68 crore in the same period a year ago.

Revenue from operations rose 32.79% to ₹8.26 crore in FY24 as against ₹6.22 crore in the previous fiscal.

PDP Shipping & Projects is engaged in providing end-to-end solutions in the logistics and transport industry as a multi-modal transport operator (MTO), sea and air freight transportation, valued added services and custom clearance services in the logistics industry.