IPO Rush: Two SME Offerings Set To Open As Mainboard Activity Stalls

March has and will be a dry month for IPOs, with no mainboard offerings or listings so far. The upcoming week will see two SME IPOs—PDP Shipping & Projects Ltd. and Super Iron Foundry Ltd.—opening for subscription. However, their listing dates remain unannounced.

• IPO open date: Monday, March 10.

• IPO close date: Wednesday, March 12.

• Tentative allotment date: Thursday, March 13.

• Listing date: Not announced.

• 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.

PDP Shipping & Projects is an international freight forwarding company offering transportation solutions across sea, air, road, rail, and coastal barges. The company provides customised logistics solutions, integrating artificial intelligence for efficiency in global supply chain management. It operates in an automated environment, optimising routes and carrier choices to provide cost-effective freight solutions worldwide.

• IPO open date: Tuesday, March 11.

• IPO close date: Thursday, March 13.

• Tentative allotment date: Monday, March 17.

• Listing date: Not announced.

• 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.

Super Iron Foundry, incorporated in 1988, specialises in manufacturing ductile and grey iron castings for municipal, automotive, agricultural, railway, and waterworks applications. The company supplies cast iron counterweights, ductile iron pipe fittings, and screw piles, exporting to markets in Europe and the Middle East.

Its manufacturing facility, located in Durgapur, West Bengal, spans 20 acres and is ISO 9001:2015 and ISO 14001:2018 certified. The company has been involved in major international infrastructure projects, including the Lusail FIFA Stadium and the Dubai South development.