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PDP Shipping & Projects shares off to poor start, hit 20% lower circuit on listing

Aniket Pujari
Finance
March 18, 2025
0 Comments

PDP Shipping & Projects IPO Listing: Shares of PDP Shipping & Projects, a company engaged in the logistics sector, were off to a weak start on Tuesday, March 18. The stock got listed at ₹108.25 apiece on the BSE SME, down 20% from its issue price of ₹135, and touched its lower price band.

The SME IPO of PDP Shipping & Projects was open for subscription from March 10 to March 12, garnering 1.01 times bids during this period. The retail investors portion was booked 1.88 times while the non-institutional buyers portion was subscribed 0.14 times.

PDP Shipping IPO was a fixed price issue of ₹135 per share, with the company looking to raise ₹12.65 crore via a fresh issue of 9.37 lakh shares.

Aniket Pujari

Aniket Pujari, a graduate in Financial Markets, is the founder of Minute To Know News, a digital platform providing daily news updates on cryptocurrencies, finance, and economics. With a passion for finance and technology, Aniket has been exploring the world of cryptocurrencies since 2015, building a deep understanding of these rapidly evolving industries.

Aniket Pujari
Finance
March 19, 2025
4 views
4 minutes Read

Former CNBC Awaaz anchor, family banned by Sebi for insider trading

The Securities and Exchange Board of India (Sebi) has barred former CNBC Awaaz news anchor Hemant Ghai, his wife Jaya Hemant Ghai, and his mother Shyam Mohini Ghai from participating…

Aniket Pujari
Finance
March 19, 2025
9 views
2 minutes Read

US Fed Policy: Will Donald Trump’s tariff chaos pinch Jerome Powell? Interest rate to ‘dot plot’—5 indicators to watch

US Fed Policy: The US Federal Reserve is all set to announce its monetary policy decision on March 19, after a two-day review meeting to deliberate on the central bank’s…