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PDP Shipping IPO
Price Band
₹
Issue Size
₹12.65 Cr
Lot Size
1,000 shares
Min Investment
₹135,000
GMP
—
Issue Price
₹135.0
PDP Shipping IPO AI Summary
- PDP Shipping IPO is listed on BSE SME in the Logistics Solution Provider sector.
- Subscription window: 10 Mar–12 Mar 2025, listing on 18 Mar 2025.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
PDP Shipping IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 12 Mar 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
PDP Shipping IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2009, PDP Shipping & Projects Limited provides end-to-end logistics solutions, including sea/air freight, customs clearance, and project logistics. As an Authorized Economic Operator (AEO), the company offers global cargo transportation via sea, air, road, rail, and multi-modal options. It operates on an asset-light model, partnering with third-party operators to deliver cost-effective, quality services for specialized goods like machinery, defense equipment, and automobiles, focusing on countries like Brazil, the USA, and South Korea. Business Model: Multimodal Transport Operations (MTO): The company holds a Multi-Modal Transport Operator's License, offering flexible transportation via rail, road, and air, including FCL, LCL, customs clearance, warehousing, and door delivery for smooth, timely deliveries worldwide. Air Freight: Over the years, the company has built strong relationships with global airline carriers, ensuring competitive rates, reliable transit times, and allocations. Services include cargo pick-up, export/import clearance, and door-to-door delivery. Ocean Freight: The company coordinates freight shipping by sea, offering LCL, FCL, cargo consolidation, customs clearance, packing, delivery, documentation, and temperature-sensitive cargo handling, providing flexible schedules and shipment tracking. Packaging, Warehousing, Transportation & Distribution: The company offers packaging, warehousing, transportation, and distribution services, including third-party solutions, ensuring safe packaging, storage, timely delivery, inventory management, and efficient last-mile delivery for domestic and international shipments. As of January 27, 2025, the company has 18 employees on the payroll. Competitive Strength: Integrated, end-to-end logistics services and solutions large existing Network Strong knowledge and expertise of Senior management team Existing Client Relationship
Company Financials (₹ Cr)
As of 2024-11-30
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 12.32 | 8.26 | 6.22 | 4.22 |
| Total Income | 13.78 | 20.58 | 22.60 | 28.73 |
| Profit After Tax | 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 | 0.50 | 0.30 | 0.04 |
Key Ratios
EPS
₹11.36
NAV
₹28.66
ROE
39.62%
ROCE
50.04%
RoNW
39.62%
P/B Value
4.71
P/E Ratio
11.89
Market Cap
₹40.15 Cr
PAT Margin
7.48%
Debt/Equity
0.09
Peer Comparison
| Company | NAV | RoNW | EPS Diluted | P/E (x) |
|---|---|---|---|---|
| Cargosol Logistics Ltd | 19.53 | -18.21% | -4.18 | — |
| S J Logistics (india) Limited | 77.36 | 20.03% | 20.03 | 26.73 |
| Marinetrans India Limited | 19.99 | 1.28% | 0.33 | 76.36 |
| PDP Shipping & Projects Limited This IPO | 28.66 | 47.64% | 11.36 | 11.89 |
Promoters
Animesh Kumar
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Part funding long-term working capital requirements 10.00 2 General Corporate Purposes 0.80 3 Issue Expenses 1.85 Total 12.65
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹28.73 Cr in the year ending 31 Mar 2022, decreasing to ₹22.60 Cr by 31 Mar 2023, and further declining to ₹20.58 Cr by 31 Mar 2024. However, the most recent figure of ₹13.78 Cr as of 30 Nov 2024 is not directly comparable, as it reflects only a 9-month period.
Profit Trend
Profit after tax was ₹1.91 Cr in the year ending 31 Mar 2022, slightly decreasing to ₹1.68 Cr by 31 Mar 2023, and then rising to ₹2.31 Cr by 31 Mar 2024. The latest profit figure of ₹1.57 Cr as of 30 Nov 2024 is also a 9-month figure and thus not directly comparable to the full-year numbers.
Valuation
PDP Shipping is priced at a P/E ratio of 11.89 at the issue price, while peers in the logistics sector have P/E ratios ranging from 26.73 to 76.36.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. It provides an indication of potential demand and pricing for the IPO, but it is not regulated and carries risks.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's financial health, market position, and growth potential.
Who May Want to Wait
Investors with a low risk appetite or those seeking stable returns may want to avoid IPOs like this, especially if they are concerned about the company's recent revenue trends and overall market conditions.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when the shares of an IPO are listed on the stock exchange. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from PDP Shipping's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does PDP Shipping IPO open and close?
PDP Shipping IPO opens on 10 March 2025 and closes on 12 March 2025.
When does PDP Shipping IPO list on the stock exchange?
PDP Shipping IPO listed on 18 March 2025 at ₹135.0.
What is the lot size for PDP Shipping IPO?
The lot size for PDP Shipping IPO is 1000 shares, requiring a minimum investment of ₹135,000.
What is the lot size for the IPO?
The lot size for the IPO is 1000 shares.
What is the minimum investment amount?
The minimum investment amount is ₹135,000.
What is the issue price of the shares?
The issue price of the shares is ₹135.0.
When will the shares be listed?
The shares are expected to be listed on 18 March 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of the IPO shares over the issue price in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
10 Mar 2025
Close
12 Mar 2025
Allotment
13 Mar 2025
Listing
18 Mar 2025
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