SME IPO Rush: Two New Offerings Set To Open As Mainboard Activity Stalls
March 2025 has proven to be an unusually quiet period for the Indian IPO market, with mainboard offerings taking a temporary pause. However, the Small and Medium Enterprise (SME) segment continues to show resilience with two new IPOs scheduled to open for subscription in the coming week. PDP Shipping & Projects Ltd. and Super Iron Foundry Ltd. are preparing to enter the public markets, although their respective listing dates remain unannounced.
PDP Shipping & Projects: International Logistics Powerhouse
The first of the two SME IPOs, PDP Shipping & Projects, will open for subscription on Monday, March 10, and close on Wednesday, March 12. The company has set the tentative allotment date for Thursday, March 13, though the exact listing date has not yet been revealed.
Here are the key details of the PDP Shipping & Projects IPO:
- Face value: Rs 10 per share
- Issue price: Rs 135 per share
- Lot size: 1,000 shares
- Issue type: Fully fresh issue
- Listing platform: BSE SME
Business Overview of PDP Shipping & Projects
PDP Shipping & Projects has established itself as a comprehensive international freight forwarding enterprise. The company offers diverse transportation solutions spanning sea, air, road, rail, and coastal barges. What sets PDP apart is its focus on customized logistics solutions that leverage artificial intelligence to enhance efficiency in global supply chain management.
Operating in a fully automated environment, the company optimizes routes and carrier choices to provide cost-effective freight solutions to clients worldwide. This technology-driven approach positions PDP Shipping & Projects as an innovative player in the logistics sector.
Super Iron Foundry: Specialized Manufacturing with Global Reach
The second SME offering, Super Iron Foundry, will commence its subscription period on Tuesday, March 11, and conclude on Thursday, March 13. The company has scheduled its tentative allotment date for Monday, March 17, though like PDP Shipping, the listing date remains unconfirmed.
Here are the essential details of the Super Iron Foundry IPO:
- Face value: Rs 10 per share
- Issue price: Rs 108 per share
- Lot size: 1,200 shares
- Issue type: Fully fresh issue
- Listing platform: BSE SME
Business Overview of Super Iron Foundry
Founded in 1988, Super Iron Foundry has developed specialized expertise in manufacturing ductile and grey iron castings. The company serves diverse sectors including municipal, automotive, agricultural, railway, and waterworks applications. Its product portfolio encompasses cast iron counterweights, ductile iron pipe fittings, and screw piles, with significant export operations to European and Middle Eastern markets.
The company's manufacturing facility is strategically located in Durgapur, West Bengal, spanning an impressive 20 acres with ISO 9001:2015 and ISO 14001:2018 certifications. Super Iron Foundry has contributed to major international infrastructure projects, including the prestigious Lusail FIFA Stadium and the ambitious Dubai South development.
Market Outlook for SME IPOs
While the mainboard IPO market experiences a temporary slowdown, the continued activity in the SME segment highlights the resilience and growth potential of smaller enterprises. Investors looking for opportunities in the public markets may find these SME offerings particularly interesting during this period of reduced mainboard activity.
Both PDP Shipping & Projects and Super Iron Foundry represent distinct sectors with their own growth trajectories. PDP leverages technology to enhance logistics efficiency, while Super Iron Foundry builds on decades of manufacturing expertise with international project credentials.
For retail investors, these SME IPOs offer an opportunity to participate in the growth stories of specialized businesses that have established market positions in their respective domains.
Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.
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