PDP Shipping IPO
PDP Shipping & Projects Ltd. is launching a fixed-price IPO of ₹12.65 crores, offering 9.37 lakh fresh shares at ₹135 per share, with a subscription window from March 10-12, 2025, allotment on March 13, and a tentative listing on BSE SME on March 18; the minimum investment is ₹1,35,000 for retail investors (1,000 shares) and ₹2,70,000 for HNIs (2,000 shares).
PDP Shipping IPO: Key Details
| Parameter | Details |
|---|---|
| IPO Name | PDP Shipping IPO |
| IPO Date | March 10, 2025 – March 12, 2025 |
| Listing Date | Tuesday, March 18, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹135 per share |
| Lot Size | 1,000 shares |
| Total Issue Size | 9,37,000 shares (₹12.65 Cr) |
| Fresh Issue | 9,37,000 shares (₹12.65 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre-Issue | 20,37,424 shares |
| Share Holding Post-Issue | 29,74,424 shares |
| Market Maker Portion | 47,000 shares (Rikhav Securities Limited) |
PDP Shipping IPO: Tentative IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | Monday, 10 March 2025 |
| IPO Close Date | Wednesday, 12 March 2025 |
| Expected Allotment Date | Thursday, 13 March 2025 |
| Initiation of Refunds | Monday, 17 March 2025 |
| Credit of Shares to Demat | Monday, 17 March 2025 |
| Expected Listing Date | Tuesday, 18 March 2025 |
| Mandate Confirmation | 5 PM, ON 12 March 2025 |
PDP Shipping IPO Lot Size and Investment Amount
| Investor Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,000 | ₹1,35,000 |
| Retail (Maximum) | 1 | 1,000 | ₹1,35,000 |
| HNI (Minimum) | 2 | 2,000 | ₹2,70,000 |
Financial Performance Overview
PDP Shipping & Projects Limited has demonstrated fluctuating revenue growth in recent years, with its financial performance influenced by macroeconomic conditions and industry trends.
- As of January 31, 2024, the company’s revenue from operations stood at ₹1,759.79 lakh, marking a decline of 21.72% compared to ₹2,248.19 lakh in fiscal 2023.
- Despite the revenue drop, the company maintained a reasonable gross profit margin of 28.31% in January 2024.
- However, EBITDA margins saw a decline from 15.19% in 2024 to 10.28% in 2023, signaling increased operational costs.
Key Financial Metrics
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Lakh) | 1,232 | 826 | 622 | 422 |
| Revenue (₹ Lakh) | 1,378 | 2,058 | 2,260 | 2,873 |
| Profit After Tax (₹ Lakh) | 157 | 231 | 168 | 191 |
| Net Worth (₹ Lakh) | 741 | 584 | 352 | 185 |
| Reserves & Surplus (₹ Lakh) | 538 | 381 | 346 | 178 |
| Total Borrowing (₹ Lakh) | 357 | 50 | 30 | 4 |
Return on Capital and Shareholder Value
- Return on Net Worth (RoNW): PDP Shipping has historically demonstrated strong returns, with a weighted average RoNW of 60.79% over the past four years.
- However, RoNW has declined from 103.31% in 2022 to 35.46% in January 2024, which may indicate capital reinvestment or lower profit growth relative to equity.
- Earnings Per Share (EPS): In fiscal 2023, PDP reported an EPS of ₹8.26, suggesting reasonable returns for investors.
- The company has not consistently paid dividends, signaling a focus on reinvesting earnings for future growth.
Promoter Holding
| Promoter Name | Pre-Issue Shareholding | Post-Issue Shareholding |
|---|---|---|
| Animesh Kumar | 99.9986% | 68.50% |
Peer Comparison
PDP Shipping operates in a highly competitive logistics industry, facing competition from companies such as Marinetrans India Limited, SJ Logistics (India) Limited, and Cargosol Logistic Limited.
| Company | Revenue (FY 2023) (₹ Lakh) | Gross Profit Margin (%) | EBITDA Margin (%) | RoNW (%) |
|---|---|---|---|---|
| PDP Shipping | 2,248.19 | 24.12% | 10.28% | 47.64% |
| Marinetrans India | 10,633.99 | 6.69% | 1.62% | 1.28% |
| SJ Logistics | 27,086.02 | 16.35% | 11.79% | 20.03% |
| Cargosol Logistic | 11,354.87 | 11.54% | 2.79% | -18.21% |
PDP Shipping boasts a higher RoNW and gross profit margin compared to some of its competitors, reflecting its operational efficiency and financial strength despite a smaller revenue base.
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Order Book and Future Growth Prospects
A company’s order book provides insights into confirmed revenue potential for future periods. While PDP has not disclosed its exact order book size, its growth strategy focuses on:
Key Growth Drivers
- Expansion into New Markets:
- PDP aims to strengthen its presence in international freight forwarding and expand its multimodal logistics network.
- Technological Integration:
- The company is investing in digital tracking systems, supply chain automation, and AI-driven logistics optimization to enhance efficiency.
- Government Initiatives:
- India’s infrastructure expansion under the Sagarmala Project and increased port capacity create growth opportunities for logistics players.
About Company
PDP Shipping & Projects Limited has carved a niche for itself in the logistics and transportation sector by offering multimodal transport operations, project cargo handling, and comprehensive supply chain solutions. With a strong foothold in freight forwarding and customs clearance, the company has gained accreditation as an Authorized Economic Operator (AEO)—a testament to its operational efficiency and reliability.
As the company prepares to launch its Initial Public Offering (IPO), investors are keen to analyze its financial performance, industry positioning, and future growth potential. This comprehensive analysis provides detailed insights into PDP Shipping’s business, financials, investment potential, and competitive landscape.
Callenges and Risks
While PDP Shipping presents strong investment potential, investors should be aware of potential risks:
- Volatility in Global Trade: Fluctuations in shipping rates, regulatory changes, and global economic slowdowns could impact operations.
- Rising Costs: Increasing fuel prices and logistics expenses may affect margins.
- Competition: Larger firms with extensive networks pose competitive challenges to PDP’s expansion.
PDP Shipping & Projects Limited Contact Details
| Company Name | Address | Phone | Website | |
|---|---|---|---|---|
| PDP Shipping & Projects Limited | A-606, Mahavir Icon, Plot numbers 89 & 90, Sector 15, CBD Belapur, Navi Mumbai – 400 614 | 022 2756 5053 | compliance@pdpprojects.com | www.pdpprojects.com |
PDP Shipping IPO Registrar
| Registrar Name | Phone | Website | |
|---|---|---|---|
| Kfin Technologies Limited | 04067162222, 04079611000 | pdp.ipo@kfintech.com | kosmic.kfintech.com/ipostatus/ |
PDP Shipping IPO Objectives
| Objective | Amount (₹ Lakh) |
|---|---|
| Working Capital | 1,000 |
| General Corporate Purposes | 80 |
PDP Shipping IPO Important Document
Disclaimer:
This article is intended for informational purposes only and should not be taken as financial advice. Investors are encouraged to conduct their own research or consult a financial advisor before making investment decisions. Always verify current data and seek guidance from your financial advisor before investing in any company. The views and investment recommendations provided by experts, brokerage firms, or rating agencies on stoxmail.com are their own and do not reflect those of the website or its management. Investing in stocks carries inherent risks.