PDP Shipping IPO Listing: PDP shipping shares providing logistics services, today faded on BSE SME platform. The shares came down after the list was listed at 20 per cent discount. Its IPO received an overall 1.01 times bid. Shares have been issued at the price of Rs 135 under the IPO. Today it has entered BSE SME at Rs 108.25, that is, IPO investors did not get any listing gains but their capital declined by 19.81 percent. After the listing, more shock came when the stock broke more rather than recovering. It broke down to Rs 102.85 (PDP Shipping Share Price) i.e. IPO investors are now 23.81 percent losses. How would PDP Shipping IPO money be expense was opened till 10-12 March for the IPO subscription of ₹ 12.65 crore for PDP shipping. On the basis of retail investors, this IPO overall was subscribed at 1.01 times. Half of the reserved for retail investors was 1.88 times filled. Under this IPO, 9.37 lakh new shares with a face value of Rs 10 have been issued. Of the money raised through these shares, Rs 10 crore will be spent in long-term working capital and the rest of the common corporate purposes. PDP Shipping provides PDP Shipping and Projects in 2009, providing end-to-end logistics solutions. It works on asset-light models and also sends machinery, defense equipment and automobiles to countries such as Brazil, America and South Korea. Talking about the financial health of the company, in FY 2022 it had made a net profit of Rs 1.91 crore, which fell to Rs 1.68 crore in the next financial year 2023. Then the situation improved and in the financial year 2024, the profits rose rapidly to Rs 2.31 crore. During this time, the company’s revenue continued to fall continuously. It received a revenue of Rs 28.73 crore in FY 2022, Rs 22.6 crore in FY 2023 and Rs 20.58 crore in FY 2024. Talking about the current financial year 2024-25, in April-November 2024 it has received a net profit of Rs 1.57 crore and a revenue of Rs 13.78 crore.
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