PDP Shipping & Projects Ltd - IPO

PDP Shipping & Projects Ltd IPO Details

Initial public issue of 9,37,000 equity shares of face value of Rs. 10 each of PDP Shipping & Projects Limited (Company or Issuer) for cash at a price of Rs. 135.00 per equity share including a share premium of Rs. 125.00 per equity share (Issue Price) aggregating to Rs. 12.65 crores (Issue) out of which 47,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 135.00 per equity share for cash, aggregating Rs. 0.63 crores will be reserved for subscription by the market maker to the issue (Market Maker Reservation Portion). The issue less market maker reservation portion i.e. net issue of 8,90,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 135.00 per equity share for cash, aggregating Rs. 12.02 (Net Issue). The issue and net issue will constitute 31.50% and 29.92% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is 13.50 times of the face value of the equity shares.

Objective of issue

Part funding long-term working capital requirements. General corporate purposes.

PDP Shipping & Projects Ltd Contact Details

PDP Shipping & Projects Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - compliance@pdpprojects.com

Website - www.pdpprojects.com