PDP Shipping IPO, based in India, has been subscribed 76% as of March 12, 2025, with the retail portion fully booked at 1.39 times. The IPO, launched on March 10, 2025, aims to raise ₹12.65 crore at a price of ₹135 per share. The company specializes in logistics and transport solutions, including international freight forwarding and project logistics.
PDP Shipping & Projects, an India-based logistics and transport service provider, has seen a 76% subscription rate for its Initial Public Offering (IPO) as of March 12, 2025. The IPO, which opened for public subscription on March 10, 2025, closes today. The retail investor portion has been oversubscribed at 1.39 times, while the Non-Institutional Investors (NII) segment remains at 13% subscription. The company has set the IPO price at ₹135 per equity share and aims to raise ₹12.65 crore.
Company Overview
PDP Shipping & Projects operates as a Multi-Modal Transport Operator (MTO), offering comprehensive logistics and transport solutions, including sea and air freight services, customs clearance, and project logistics. The company holds licenses from the Directorate General of Shipping, Government of India, and is an Accredited Authorized Economic Operator (AEO). With a specialization in international freight forwarding, PDP Shipping provides global transportation solutions, heavy-lift cargo handling, and engineering support for project logistics.
PDP Shipping IPO Subscription Status
By 14:19 IST on March 12, 2025, PDP Shipping IPO had received bids for 6,78,000 shares against the 8,90,001 shares available, according to data from chittorgarh.com. The IPO saw a 24% subscription on its first day, which increased to 47% by the second day.
IPO Details
PDP Shipping IPO is valued at ₹12.65 crore and consists of a fresh issue of 9,37,000 equity shares. There is no Offer for Sale (OFS) component in this IPO. The company intends to utilize the funds raised for long-term working capital needs and general corporate expenses.
Sun Capital Advisory Services (P) Ltd is the book-running lead manager for the IPO, Kfin Technologies Limited is the issue’s registrar, and Rikhav Securities Limited serves as the market maker.
Grey Market Premium (GMP) Update
As of March 12, 2025, PDP Shipping IPO GMP remains at ₹0, indicating that shares are trading at their issue price of ₹135 without any premium or discount in the grey market, according to investorgain.com.
PDP Shipping’s IPO is being closely watched by investors, especially given its strong presence in the logistics sector. With an established client base and regulatory approvals, the company’s growth trajectory remains promising, despite short-term market fluctuations.
