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.

    Related Posts

    CME feeder cattle futures rise on expectations of low supply

    CHICAGO, March 18 (Reuters) – Chicago Mercantile Exchange feeder cattle futures firmed Tuesday on expectations that the U.S. Department of Agriculture’s upcoming monthly cattle on feed report would show decreased…

    US junk bond spreads to widen more if recession fears persist

    The credit spread for junk bonds, the premium companies pay over risk-free Treasuries, recently widened to the most in six months and could rise further as investors worry about how…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Solana Foundation Deletes Controversial Ad After Crypto Community Backlash

    Solana Foundation Deletes Controversial Ad After Crypto Community Backlash

    CME feeder cattle futures rise on expectations of low supply

    Stock market today: Live updates

    Nasdaq files Polkadot ETF on behalf of 21Shares

    Nasdaq files Polkadot ETF on behalf of 21Shares

    US junk bond spreads to widen more if recession fears persist

    Trump fires both Democratic commissioners at FTC