PDP Shipping IPO a Profitable Deal or Will Investors Suffer Losses See What is the Latest Gmp

The IPO of PDP Shipping and Projects remains in the discussion this week. This IPO was open for subscription from March 10 and today, its subscription stopped on 12 March. By the third day, this IPO has received 76 percent subscription, in which retail investors have shown a lot of interest.

What is PDP Shipping IPO’s price band?

The price band of PDP Shipping IPO has been kept at Rs 135 per share, whose face value is Rs 10. Investors can apply bids for at least 1,000 shares and after that the bids of 1,000 shares can be applied.

What does PDP Shipping Company do?

PDP is a multi -modal transport operator (MTO) company working in Shipping Logistics and Transport Sector. It offers marine and air freight, custom clearance and other value-aided services associated with the logistics industry. The company has licensed MTO and Customs Broker from Directorate General of Shipping and Mumbai Customs, Government of India.

The specialty of the company is that it offers international freight forwarding and global door-to-door transportation solutions. Apart from this, it is also an expert in project logistics, including services such as super heavy lift, over dimensions (ODC) handling and maritime toing operations.

What is the subscription status of IPO?

Subscription till third day: 76 percent

Part of retail investors: 1.39 times subscribe

Part of NII (Non-Estational Investors): 13 % subscribe

Overall, the company has received bids for 6,78,000 shares, while the offer was of 8,90,001 shares. On the first day, IPO received 24 percent subscription, while on the second day this figure reached 47 percent.

How much is the IPO?

PDP Shipping IPO is worth Rs 12.65 crore, which includes fresh issue of 9,37,000 equity shares. There is no component of offer for cell (offs). The company will use the funds collected from the IPO for long-term working capital needs and general corporate expenses.

What is GMP?

Today PDP Shipping IPO’s GMP gray market premium is 0, that is, we are trading in the share gray market at Rs 135. The GMP shows the desire of investors to pay above the issue price.

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