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.