PDP Transport IPO Itemizing: 19% shock on itemizing, extra damaged shares after weak entry, verify enterprise well being – INA NEWS
PDP Transport IPO Itemizing: The shares of PDP transport, which offer logistics companies, had a light entry on the BSE SME platform at this time. The shares got here down after the listing was listed at 20 per cent low cost. Its IPO acquired an general 1.01 instances bid. Shares have been issued on the worth of Rs 135 beneath the IPO. At present it has entered BSE SME at Rs 108.25, that’s, IPO traders didn’t get any itemizing features however their capital declined by 19.81 p.c. After the itemizing, extra shock got here when the inventory broke extra quite than recovering. It broke to Rs 102.85 (PDP Transport Share Value) i.e. IPO traders at the moment are 23.81 p.c losses.
How will PDP Transport IPO spend
PDP transport’s ₹ 12.65 crore IPO was opened until 10-12 March for subscription. On the idea of retail traders, this IPO general was subscribed at 1.01 instances. Half of the reserved for retail traders was 1.88 instances crammed. Underneath this IPO, 9.37 lakh new shares with a face worth of Rs 10 have been issued. Of the cash collected by these shares, Rs 10 crore will probably be spent in long-term working capital and different widespread company functions.
About pdp transport
The 2009 PDP Transport and Initiatives gives end-to-end logistics options. It really works on asset-light fashions and in addition sends equipment, protection tools and cars to nations akin to Brazil, America and South Korea. Speaking concerning the monetary well being of the corporate, in FY 2022 it had made a internet revenue of Rs 1.91 crore, which fell to Rs 1.68 crore within the subsequent monetary yr 2023. Then the state of affairs improved and within the monetary yr 2024, the income rose quickly to Rs 2.31 crore. Throughout this time, the corporate’s income continued to fall repeatedly. It acquired a income of Rs 28.73 crore in FY 2022, Rs 22.6 crore in FY 2023 and Rs 20.58 crore in FY 2024. Speaking concerning the present monetary yr 2024-25, in April-November 2024 it has acquired a internet revenue of Rs 1.57 crore and a income of Rs 13.78 crore.
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PDP Transport IPO Itemizing: 19% shock on itemizing, extra damaged shares after weak entry, verify enterprise well being
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