PDP Shipping & Projects Limited is a logistics company that was established in 2009. The company provides comprehensive logistics solutions, including sea and air freight, customs clearance, and project logistics. As an Authorized Economic Operator (AEO), PDP Shipping helps transport cargo worldwide using various methods like sea, air, road, rail, and combined transportation methods.
The company follows an asset-light business model, which means they don’t own many physical assets like ships or trucks. Instead, they work with third-party transport operators, logistics infrastructure providers, and global agency networks to deliver their services. This approach helps them keep costs low while still providing quality services.
PDP Shipping has a team of skilled and experienced professionals who are trained to deliver high-quality, customized global transportation solutions that meet their clients’ specific needs. The company specializes in handling specialized products such as machinery, defense equipment, and automobiles, and targets countries including Brazil, the USA, and South Korea.
PDP Shipping IPO Details
PDP Shipping & Projects Limited is launching its Initial Public Offering (IPO) on the BSE SME platform. Here are the key details of the IPO:
| IPO Detail | Information |
|---|---|
| Issue Type | Fixed Price Issue |
| Issue Size | 9,37,000 shares (₹12.65 Crores) |
| Fresh Issue | 9,37,000 shares (₹12.65 Crores) |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹135 Per Share |
| Market Lot | 1,000 Shares |
| Minimum Investment | ₹1,35,000 |
| Listing At | BSE SME |
This IPO is completely a fresh issue, which means the company is issuing new shares to raise capital. The funds raised will be used for specific purposes that we’ll discuss later in this article.
PDP Shipping IPO Timeline
The PDP Shipping & Projects Limited IPO follows a specific timeline for various activities related to the public offering. Here’s the detailed timeline:
| Event | Date |
|---|---|
| IPO Opening Date | March 10, 2025 |
| IPO Closing Date | March 12, 2025 |
| Basis of Allotment | March 13, 2025 |
| Refund Initiation | March 17, 2025 |
| Credit to Demat Account | March 17, 2025 |
| IPO Listing Date | March 18, 2025 |
The IPO will be open for public subscription for three days, from March 10 to March 12, 2025. After the subscription period ends, the company will finalize the allotment of shares on March 13. If you applied for shares but didn’t receive an allotment, your money will be refunded on March 17. For successful applicants, shares will be credited to their demat accounts on the same day. Finally, the shares will be listed on the BSE SME platform on March 18, 2025, after which they can be traded on the stock exchange.
PDP Shipping Promoter Details
The main promoter of PDP Shipping & Projects Limited is Animesh Kumar, who serves as the Chairman, Managing Director, and Promoter of the company. He holds a B.Sc. (Honors) in Physics from Babasaheb Bhimrao Ambedkar Bihar University.
Animesh Kumar is a first-generation entrepreneur with over two decades of experience in the Shipping and Logistics industry. He specializes in project logistics and has been leading the company’s strategic planning, sales management, and business development since its inception.
Before the IPO, the promoter holds 99.99% of the company’s shares. After the IPO, the promoter’s shareholding will decrease to 68.50% as new shares are issued to the public.
PDP Shipping IPO Lot Size
The lot size for the PDP Shipping & Projects Limited IPO is fixed at 1,000 shares. This means investors must apply for at least 1,000 shares, which requires a minimum investment of ₹1,35,000 (1,000 shares × ₹135 per share).
For retail investors, the maximum application is limited to 1 lot (1,000 shares), requiring an investment of ₹1,35,000. For small High Net-worth Individuals (HNIs), the minimum application starts from 2 lots (2,000 shares), requiring an investment of ₹2,70,000.
This high minimum investment amount is typical for SME IPOs and is designed to attract serious investors rather than small retail participants.
PDP Shipping Company Financials
PDP Shipping & Projects Limited has shown mixed financial performance over the past few years. Here’s a detailed breakdown of their financials:
| Particular | As of 31 March 2023 | As of 31 March 2024 | As of 30 November 2024 |
|---|---|---|---|
| Revenue (₹ in lakhs) | 2,248.19 | 2,051.60 | 1,375.60 |
| Equity (₹ in lakhs) | 353.06 | 584.44 | 741.49 |
| Expenses (₹ in lakhs) | 2,033.34 | 1,747.05 | 1,168.62 |
| Profit After Tax (₹ in lakhs) | 168.19 | 231.39 | 157.04 |
| Diluted EPS (₹) | 8.26 | 11.36 | 7.71 (not annualized) |
| Return on Net Worth (%) | 47.73 | 39.62 | 21.18 (not annualized) |
| NAV per Equity Share (₹) | 17.30 | 28.66 | 36.39 |
| Total Assets (in lakhs) | 622.19 | 826.47 | 1,232.01 |
| Total Liabilities (in lakhs) | 269.13 | 242.02 | 490.51 |
| Debt to Equity Ratio (times) | 0.09 | 0.09 | 0.48 |
| Current Ratio (times) | 1.19 | 1.41 | 2.08 |
The company reported a 37.5% increase in net profit to ₹2.31 crore in the financial year 2024, compared to ₹1.68 crore in the previous year. Revenue from operations rose 32.79% to ₹8.26 crore in FY24 as against ₹6.22 crore in the previous fiscal.
However, there is a concerning trend in revenue, which declined from ₹2,248.19 lakhs in March 2023 to ₹2,051.60 lakhs in March 2024. As of November 2024, the revenue stood at ₹1,375.60 lakhs.
On the positive side, the company has shown steady growth in equity, increasing from ₹353.06 lakhs in March 2023 to ₹741.49 lakhs in November 2024. The company has also effectively managed its expenses, which decreased from ₹2,033.34 lakhs in March 2023 to ₹1,747.05 lakhs in March 2024.
Objects of the Issue
PDP Shipping & Projects Limited plans to use the funds raised from the IPO for specific purposes. The main objectives of the issue are:
- Funding Long-term Working Capital Requirements: The company intends to utilize ₹10.00 crores from the net proceeds to meet its working capital requirements. The business of the company is working capital intensive, meaning it requires significant funds to maintain day-to-day operations.
- General Corporate Purposes: The company will deploy ₹0.80 crore of the gross proceeds for general corporate purposes. This includes strategic initiatives, partnerships, acquisitions, branding, marketing, facility upgrades, client referrals, and other business needs.
By raising funds through this IPO, PDP Shipping aims to strengthen its financial position and support its growth plans without taking on additional debt.
Company’s Upcoming Plans
PDP Shipping & Projects Limited has ambitious plans for the future. The company aims to aggressively enter both domestic and international markets, growing its market presence by expanding its service and distribution network.
The company plans to leverage its strengths, such as its end-to-end logistics services and large existing network, to capture a larger share of the growing logistics market in India and abroad.
With the Indian ports sector showing a healthy outlook due to increasing investment and cargo traffic, PDP Shipping is well-positioned to benefit from these trends. The company’s focus on providing specialized services for products like machinery, defense equipment, and automobiles, targeting countries such as Brazil, the USA, and South Korea, indicates its strategy to capture high-value segments of the market.
Strengths and Risks
Strengths:
- End-to-End Logistics Services: PDP Shipping provides comprehensive logistics solutions, covering sea and air freight, customs clearance, and project logistics, which gives it a competitive edge.
- Asset-Light Business Model: The company follows an asset-light business model, which helps it keep costs low while still providing quality services.
- Experienced Management: The company is led by Animesh Kumar, who has over two decades of experience in the Shipping and Logistics industry.
- Authorized Economic Operator (AEO) Status: This certification gives the company certain advantages in international trade.
- Financial Growth: The company has shown growth in equity and effective expense management.
Risks:
- Client Concentration: Almost 88% of the company’s revenue is dependent on just 5 customers. The loss of any significant clients may have an adverse effect on the business, financial condition, results of operations, and prospects.
- Dependence on Third-Party Suppliers: Due to its asset-light model, the company is heavily dependent on third-party suppliers for the use of shipping lines, trucks, machinery, and equipment. The loss of any significant third-party suppliers may have an adverse effect on the business.
- Transportation Risks: Breakdowns, mishaps, or accidents during cargo shipment or transportation could result in a loss or slowdown in operations and could also cause damage to life and property.
- Declining Revenue Trend: The company has shown a declining trend in revenue, which is a concern for potential investors.
- High Minimum Investment: The high minimum investment of ₹1,35,000 may limit the number of retail investors who can participate in the IPO.
Company Contact Details
For any queries or additional information about the company, you can contact PDP Shipping & Projects Limited at:
Address: A-606, Mahavir Icon, Plot numbers 89 & 90, Sector 15, CBD Belapur, Navi Mumbai – 400 614
Phone: 022 2756 5053
Email: compliance@pdpprojects.com
Website: https://www.pdpprojects.com/
IPO Registrar Details
The registrar for the PDP Shipping & Projects Limited IPO is Kfin Technologies Limited. The registrar is responsible for processing IPO applications, finalizing the basis of allotment, and handling refunds. You can contact them at:
Phone: 04067162222, 04079611000
Email: pdp.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Official RHP and DRHP Links
The Red Herring Prospectus (RHP) and Draft Red Herring Prospectus (DRHP) are big papers with all the IPO details. You can find them here:
