PDP Shipping IPO - Day 3 Subscription at 0.54 Times

PDP Shipping & Projects' initial public offering (IPO) has shown moderate progress through its three-day subscription period. The ₹12.65 crore IPO has witnessed steady growth in demand, with subscription rates advancing from 0.24 times on day one, improving to 0.47 times on day two, and reaching 0.58 times by 11:04 AM on the final day. , demonstrating gradual investor interest in this end-to-end logistics solutions provider that specializes in sea/air freight, customs clearance, and project logistics services.

PDP Shipping IPO's retail segment leads with 1.09 times subscription, demonstrating strong individual investor confidence in this end-to-end logistics provider specializing in sea/air freight and customs clearance.

Subscription Status of PDP Shipping IPO:

Here are the subscription details for PDP Shipping IPO as of Day 3 (March 12, 2025, 11:04 AM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

PDP Shipping IPO - Day 3 Subscription

Key Highlights:

• Overall subscription reaching 0.58 times, showing steady progress though below full subscription level
• Retail investors crossing the full subscription mark at 1.09 times, demonstrating strong individual investor confidence
• NII segment showing minimal interest at only 0.07 times, reflecting cautious approach from high net-worth investors
• Total applications reaching 590, indicating focused retail investor participation
• Cumulative bid amount reaching ₹6.99 crores, showing measured momentum in the offering
• Retail segment driving overall subscription progress with ₹6.57 crores in bids
• Final day building on the consistent improvement pattern established on previous days

PDP Shipping IPO - Day 2 Subscription at 0.47 Times

Key Highlights:

• Overall subscription improving to 0.47 times, showing consistent growth from day one
• Retail investors approaching full subscription at 0.88 times, demonstrating growing confidence
• NII segment showing minimal improvement to 0.06 times from day one's 0.03 times
• Day two maintaining steady momentum building on first day performance
• Market response indicating selective investor interest concentrated in retail segment
• Integrated logistics services expertise attracting attention from individual investors
• Multi-modal transportation capabilities highlighting operational versatility and market reach
• Second day building on first day momentum with nearly doubled overall subscription rate

PDP Shipping IPO - Day 1 Subscription at 0.24 Times

Key Highlights:

• Overall subscription opening at 0.24 times, showing careful initial investor approach
• Retail investors beginning with moderate interest at 0.46 times, reflecting measured early participation
• NII segment showing minimal initial interest at 0.03 times, indicating cautious evaluation
• Opening day demonstrating selective investor engagement with the offering
• Initial momentum reflecting strategic assessment of logistics sector investment opportunity
• End-to-end logistics services expertise drawing selective interest from informed investors
• First day setting subscription baseline for building momentum in subsequent days

About PDP Shipping & Projects Limited

Founded in 2009, PDP Shipping & Projects Limited has established itself in the integrated logistics solutions sector. As an Authorized Economic Operator (AEO), the company delivers end-to-end services including sea/air freight, customs clearance, and project logistics across global markets, particularly Brazil, USA, and South Korea.

Their business operates through four key service areas: Multimodal Transport Operations (holding MTO license for flexible transportation via rail, road, and air), Air Freight (leveraging strong airline relationships), Ocean Freight (coordinating sea shipping with comprehensive services), and Packaging/Warehousing/Distribution (offering third-party logistics solutions).

PDP maintains an asset-light model, partnering with third-party operators rather than owning transportation assets. With just 18 employees as of January 2025, the company demonstrates financial strength with FY2024 revenue of ₹20.58 crores and profit of ₹2.31 crores.

Their competitive advantages include integrated service offerings, extensive carrier networks, management expertise, established client relationships, regulatory certifications, operational flexibility, and specialized handling capabilities for machinery, defense equipment, and automobiles.

Highlights of the NAPS Global India IPO:

• IPO type: Fixed Price Issue SME IPO
• IPO size: ₹12.65 crores
• Fresh Issue: 9.37 lakh shares aggregating to ₹12.65 crores
• Face value: ₹10 per share
• Issue price: ₹135 per share
• Lot size: 1,000 shares
• Minimum investment for retail investors: ₹1,35,000
• Minimum investment for HNI: ₹2,70,000 (2 lots)
• Market maker reservation: 47,000 shares
• Listing at: BSE SME
• Lead Manager: Sun Capital Advisory Services (P) Ltd
• Registrar: Kfin Technologies Limited
• Market Maker: Rikhav Securities Limited