PDP Shipping & Projects Limited IPO

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They cater to a diverse clientele across industries by offering a wide range of logistics and transportation services, including:
i. Freight Forwarding & Multi-Modal Transportation
a. Sea Freight                                          b. Air Freight
c. Road & Rail Freight                          d. Coastal & Barge Services

ii. Specialized Project Logistics
a. Handling of super heavy lift and oversized cargo (ODC).
b. Floating & beaching operations, roll-on/roll-off (RoRo) loadouts.
c. Sea towage, sea fastening, and engineering solutions for project cargo.
d. Infrastructure support including temporary jetties, RoRo ramps, and reinforcement of transit routes, bridges, and vessels.

iii. Custom Clearance & Supply Chain Solutions
i. Custom brokerage services ensuring smooth clearance of shipments.
ii. End-to-end supply chain solutions covering warehousing, packaging, pre-carriage, onward carriage, cargo tracking, and distribution.
iii. Temperature-sensitive and time-critical logistics for industries such as automobile, defense, heavy engineering, shipyards, energy, FMCG, electronics, and infrastructure.

Business Model & Competitive Edge

They operate on an asset-light business model, leveraging an extensive network of third-party transport operators, logistics service providers, and global agency partners. This allows them to offer cost-efficient and high-quality logistics solutions while maintaining flexibility and scalability.

Through their innovative logistics solutions, engineering expertise, and commitment to operational excellence, they aim to deliver seamless, efficient, and reliable logistics services to businesses across industries, ensuring their cargo reaches its destination safely and on time.

Objects of the PDP Shipping & Projects Limited IPO:

The Company PDP Shipping & Projects IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: i. Part funding long-term working capital requirements, ii. General corporate purposes.

PDP Shipping & Projects Limited IPO Details:

Open Date: Mar 10 2025
Close Date: Mar 12 2025
Total Shares: 9,37,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 12.65 Cr.
Lot Size: 1000 Shares
Issue Price: ₹ 135 Per Equity Share
Listing At: BSE SME
Listing Date: Mar 18 2025

Promoters And Management:

Animesh Kumar, the Chairman, Managing Director, and Promoter, holds a B.Sc. (Hons) in Physics from Babasaheb Bhimrao Ambedkar Bihar University. A first-generation entrepreneur, he has over two decades of experience in the Shipping and Logistics industry, specializing in project logistics. Since their company's inception, he has led strategic planning, sales management, and business development. Shalini Verma, the Whole-time Director, holds a B.A. in Communicative English from Patna Women’s College, a PG Diploma in Communication Studies from Xavier Institute of Communications, and an Executive MBA in HR from Bharati Vidyapeeth’s BVIMSR. Associated with the company since December 16, 2014, she has over 9 years of experience in administration, HR development, and talent management, leading the Human Resources and Administration departments. Yogesh Gupta, the Non-Executive Independent Director, holds a Bachelor of Laws from the University of Delhi and is a Fellow Member of the ICAI. With over 20 years of experience in accounts and finance, he has been associated with the company since January 15, 2024.

Financials of PDP Shipping & Projects Limited IPO:

In Cr.
Particulars Nov 30, 2024 March 31, 2024 March 31, 2023 March 31, 2022
Revenue from Operations 13.75 20.51 22.48 28.71
EBITDA 2.49 3.26 2.31 2.65
EBITDA Margins 18.10% 15.89% 10.28% 9.25%
PAT 1.57 2.31 1.68 1.90
PAT Margins 11.42% 11.28% 7.48% 6.65%
ROCE 50.04% 59.95% 140.55%
D/E Ratio 0.48 0.09 0.09 0.02
CFOA 0.67 2.25 1.49 2.40

Comparison With Peers:

Companies Revenue EBITDA Margins PAT Margins D/E Ratio MCap P/E
PDP Shipping & Projects Limited (FY 2024) 20.51 Cr. 15.89% 11.28% 0.09 40.16 Cr. 17.39
Marinetrans India (TTM) 145 Cr. 1% 0% 0.34 21.60 Cr. 144
S J Logistics (India) (TTM) 449 Cr. 13% 10% 0.35 740 Cr. 16.50
Cargosol Logistic (TTM) 124 Cr. 0% Loss 1.34 18.40 Cr. In Loss

Recommendation on PDP Shipping & Projects Limited IPO:

To be updated shortly.

Lead Manager of PDP Shipping & Projects Limited IPO:

  1. Sun Capital Advisory Services (P) Ltd

Registrar of PDP Shipping & Projects Limited IPO:

  1. Kfin Technology Private Limited

Company Address:

PDP Shipping & Projects Limited 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/

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