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PDP Shipping & Projects begins its IPO, aiming to raise Rs 13 crore, with a first-day subscription of 14%.
PDP Shipping & Projects, a logistics and transportation company, launched its IPO on March 10, aiming to raise Rs 13 crore by selling 937,000 shares at Rs 135 each.
As of the first day, the subscription rate was 14%, with the retail portion at 26%.
The IPO closes on March 12, and funds raised will be used for working capital and corporate purposes.
The company offers freight forwarding and logistics solutions and reported Rs 13.77 crore in revenue and Rs 1.57 crore in profit for FY2024.
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PDP Shipping & Projects comienza su IPO, con el objetivo de recaudar Rs 13 crores, con una suscripción del primer día del 14%.