Mumbai, March 18 -- The scrip was listed at 108.25, a discount of 19.81% compared with the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 108.25 and a low of Rs 102.85. About 1.71 lakh shares of the company changed hands at the counter.

PDP Shipping & Projects' IPO was subscribed 0.22 times. The issue opened for bidding on 10 March 2025 and it closed on 12 March 2025). The price of the IPO is fixed at Rs 135 per share.

The IPO comprised fresh issue of 9,37,000 equity shares. The promoter and promoter group shareholding diluted to 68.50% from 99.99% pre-issue.

The company intends to utilise the net proceeds to partially fund long-term workin...