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(As on Mar 07, 2025, 13:00)

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PDP Shipping & Proje announces launch of initial public offering

PDP Shipping & Projects Ltd. has announced public offering of 937000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 125.00 per share. The gross proceeds of the issue are expected to be Rs 1,264.95 lakhs.

The company's initial public offer (IPO) will open on 10 March 2025 and is expected to close on 12 March 2025, subject to customary closing conditions.

The IPO includes a fresh Issue of 937000 Equity Shares of the Company at an price of Rs 135.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

PDP Shipping & Projects Ltd. anticipates using the proceeds of the issue for .

Sun Capital Advisory Services Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.

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