PDP Shipping IPO allotment: How to check status online on BSE, Kfin Technologies

PDP Shipping IPO allotment: Logistics services provider PDP Shipping & Projects Ltd is likely to finalise the share allotment status on Thursday, March 13, following the successful close of its initial public offering.

The ₹12.65-crore IPO was open for subscription from March 10 to March 12.

The BSE SME issue was overall booked 1.06 times on the final day with bids for 9.47 lakh shares against 8.9 lakh shares on offer.

At the end of bidding at 5 pm on Day 3, the retail investors booked their quota 1.87 times with bids for 8.36 lakh shares against 4.45 lakh shares on offer. The Non-Institutional Investors booked only 24% of their quota by applying for 1.11 lakh shares against 4.45 lakh shares set aside for them.

Investors can track the IPO share allotment status on the BSE and the website of IPO registrar Kfin Technologies Ltd.

How to check PDP Shipping IPO allotment status on Kfin Technologies

• Visit the IPO allotment page on the website of Kfin Technologies: https://ipostatus.kfintech.com/
• From the ‘Select IPO’ dropdown menu, choose PDP Shipping & Projects Ltd
• Select any of these – application number, PAN, or Demat account number
• Enter details as per your selection
• Enter the captcha code and click ‘Submit’.

Steps to check PDP Shipping IPO allotment status on BSE

• Open BSE website (https://www.bseindia.com)
• Click on ‘Public Issues’ Link
• Click on the ‘Status of Issue Application' link on the right column
• On the new page, choose equity from the two options
• Select PDP Shipping & Projects Ltd as the issue name
• Enter PAN details or application number
• Submit to check details

PDP Shipping IPO details

• The ₹12.65-crore PDP Shipping IPO comprised a fresh issue of 9.37 lakh shares.
• The company had fixed the IPO price at ₹135 per share.
• The lot size was 1,000 shares, aggregating to a minimum investment of ₹1,35,000 for retail investors.
• PDP Shiping is expected to credit shares to the Demat accounts on Monday, March 17. The company will also issue refunds on the same day.
• The tentative date for listing of PDP Shipping and Projects shares on BSE SME platform is Tuesday, March 18.

PDP Shipping IPO objects

PDP Shipping is engaged in the logistics and transport sector. The company offers end-to-end solutions as a Multi-Modal Transport Operator for sea and air freight transportation, value-added services and custom clearance services.

The company is a licensed MTO and a Customs Broker recognised by the Directorate General of Shipping, Government of India.

PDP Shipping handles cargo transport worldwide via air, sea, road, rail, coastal barges, or through multi-modal transportation.

According to PDP Shipping RHP, the company has proposed to use ₹10 crore of IPO funds for meeting long-term working capital requirements while ₹79 lakh for other corporate purposes.

PDP Shipping India financials

PDP Shipping reported a profit after tax of ₹1.57 crore for the April-November period of FY 2024-25. Its revenue from operations stood at ₹13.75 crore in the April-November period.

The logistics company had reported a PAT of ₹2.31 crore for the 2023-24 financial year compared to ₹1.68 crore in FY 2022-23. Its revenue from operations was ₹20.51 crore in FY 2023-24 compared to ₹22.48 crore in the previous financial year.

PDP Shipping & Projects Ltd key performance indicators (As of November 30, 2024)