PDP Shipping IPO : Overview, Date & GMP

PDP Shipping IPO-Complete Overview

PDP Shipping IPO under the SME IPO category is a fixed price issue of Rs.12.65 crore by PDP Shipping & Projects Limited that was incorporated in 2009. It offers broad logistics services such as Air Freight, Sea, Project Logistics, and Custom Clearance.

The company, maintaining AEO status, provides global transportation of cargo by sea, air, road, rail, or combinations of modes. The company adopts an asset-light business approach and collaborates with third-party service providers to offer specialised services, at competitive prices, in machinery, defence equipment, and automobiles for Brazil, the USA, and South Korea.

Business Model:

Multimodal Transport Operations (MTO): The company possesses a Multi-Modal Transport Operator's Licence. They provide rail, road, and air transportation along with customs services such as FCL, LCL, warehousing, and delivery for timely shipment around the world.

Air Freight: In recent years, the company has developed beneficial agreements and contracts with international airline operators, which enables them to offer very competitive rates, guaranteed transit times and allocations. Services rendered include the collection of cargo, export and import clearance, and delivery on a door-to-door basis.

Ocean Freight: The company arranges shipping by sea. They provide LCL and FCL shipments, consolidation of cargo, customs clearance, packing, transportation of goods and documents, and handling of temperature-controlled cargo. They also offer shipping schedules and tracking of shipments.

The company provides packaging and storage, shipments, transportation, and distribution services, including integration of third parties, guaranteeing the integrity of packaging and storage, metered delivery, inventory control, and efficient domestic and international last-mile delivery.

This PDP Shipping IPO date is on 10 Mar 2025, and its ‘initial public offering’ will end on 12 Mar 2025. 

 

PDP Shipping IPO Overview

The Rs.12.65 crore new SME IPO comprises a wholly fresh issue of 9.37 lac Shares. 

This upcoming IPO date is from March 10 to March 12, 2025. PDP Shipping share price is Rs.135 for each Share. 

The expected IPO listing date is Tuesday, 18 March 2025, and listing at BSE and SME.

Click to open demat account and apply for the IPO.

 

Company Financial

(Amount in Lac)

 

Cash Flows

(Amount in lac)

 

Operations-wise Revenue Breakdown  

(Amount in lac)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Long-term working capital needs to partially fund.

• General corporate purposes.
  
  

Click for the IPO application status check

 

Peers of PDP Shipping & Projects Ltd.

Evaluation

The PDP Shipping IPO price is Rs.135 for each Share.

Evaluation of P/E Ratio

The average P/E Ratio of the industry is 51.55.

Considering the FY ended 31 Mar 2024 with an EPS of Rs.11.36 from the last year, the resulting P/E ratio is 11.88x.

Considering the weighted EPS of Rs.9.99 for the last three years, the P/E ratio is 13.51x.

 

Comparative Analysis With Listed Peers

In simple words, the P/E ratio of this IPO (11.88x), compared with the industry’s average P/E of 51.55x, has an undervaluation (on a P/E ratio basis only). Hence the price of the Share seems fully priced for the investors when considered based on the average P/E ratio of the industry.

 

IPO's Strengths 

• End-to-end, integrated logistics solutions and services.
• Vast current network.
• Strong senior management team knowledge and proficiency.
• Current Client Relationship.

 

IPO’s Weaknesses

• The unfavourable market change presents the main risk for the company economically due to the changes in interest rates and possible recession.

• It is necessary to have enough cash for the operations of the business. A lack of liquidity may lead to a disruption in the business or more expensive borrowing.

• A company is affected by the possibility of customers not paying their dues, which may result in a negative impact on revenue and paying credit.

• The statutory and regulatory consents need to be complied with for the operation of the business. The company’s ability to function effectively can be hampered by a failure to timely obtain or renew required licenses.

 

PDP Shipping IPO GMP

IPO GMP today has not started yet as of 07 Mar 2025. Hence, the PDP Shipping IPO listing price can not be estimated.

PDP Shipping & Projects IPO Timetable (Tentative)

The IPO opening date is from 10 Mar to Mar 12, 2025, with allotment on Mar 13, refund initiation on Mar 17, and listing on Mar 18, 2025.

Events	Date
IPO Opening Date	Mar 10, 2025
IPO Closing Date	Mar 12, 2025
IPO Allotment Date	Mar 13, 2025
Refund Initiation	Mar 17, 2025
IPO Listing Date	Mar 18, 2025

 

PDP Shipping IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 9,37,000 Shares (Rs.12.65 Cr).

IPO Lot Details

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1000 Shares) amounting to Rs.1,35,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2000 Shares) amounting to Rs.2,70,000.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	1 Lot
HNI (Min)	2 Lots

 

IPO Reservation (% of Net Issue)

Promoters And Management of PDP Shipping & Projects Ltd.

• Animesh Kumar

 

IPO Lead Managers

• Sun Capital Advisory Services (P) Ltd.
  
  

Dividend Policy

The company has paid an interim dividend of Rs.34.50 in FY2022 and not paid any dividend thereafter.

 

Conclusion

PDP Shipping IPO is available at a fixed price of Rs.135 a share with an offer of fresh shares worth Rs.12.65 crore. The company is into strong logistics through an asset-light model, but has financially differed. The IPO price is undervalued compared to the industry average P/E ratio, making it underpriced relative to the industry. 

 

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DISCLAIMER: This blog is NOT any buy or sell recommendation. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in any investment or trading activities.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

 

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