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

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

    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.

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