Is PDP Shipping & Projects Ltd IPO Halal or Haram? If you’re looking for a detailed Shariah compliance analysis, you’re in the right place! In this article, we break down whether PDP Shipping & Projects Ltd IPO meets Shariah Screening guidelines.
Is PDP Shipping & Projects Ltd IPO Halal or Not?
The PDP Shipping & Projects Ltd IPO is considered halal and Shariah-compliant as it has passed all required screening criteria (Allah Knows the Best). Since the company meets both the business and financial screening standards, it is suitable for halal investment.
Shariah Compliance Screening of PDP Shipping & Projects Ltd IPO
For an IPO or Stocks to be considered Halal, it must pass all the Shariah screening criteria, which include:
| Criteria | Value | Status |
| Business Activity | Logistics and Transportation. | ✅ PASS |
| Impermissible Income to Total Revenue | 0.15% (Less than 5%) | ✅ PASS |
| Interest-Bearing Debt to Total Assets | 28.94% (Less than 33%) | ✅ PASS |
| illiquid Assets to Total Assets Ratio | 59.9% (Atleast 20%) | ✅ PASS |
| Net Liquid Assets vs Market Capitalisation | Compliant as per Shariah principles | ✅ PASS |
| Non-Compliant Investments to Total Assets | Less than 33% (Compliant) | ✅ PASS |
Listing Details of PDP Shipping & Projects Ltd IPO
| IPO Opening Date | Mon, March 10, 2025 |
| IPO Closing Date | Wed, March 12, 2025 |
| Expected Allotment Date | Thur, March 13, 2025 |
| Refund Initiation | Mon, March 17, 2025 |
| Shares Credited to Demat | Mon, March 17, 2025 |
| Expected Listing Date | Tue, March 18, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on March 12, 2025 |
Business Overview of PDP Shipping & Projects Ltd
PDP Shipping & Projects Limited, established in 2009 and headquartered in Mumbai, specializes in logistics and transportation services. The company provides multimodal transport solutions for over-dimensional cargo (ODC) and heavy lifts, Roll-on/Roll-off (RO-RO) load-outs, turnkey project management, break bulk handling, warehousing, international freight forwarding, customs brokerage, ship agency, sea towage, and chartering.
With expertise in handling complex logistical challenges, PDP serves industries requiring specialized transportation solutions. The company has filed a draft prospectus for an IPO to support its expansion and strengthen its market presence. Committed to innovation and efficiency, PDP continues to enhance its capabilities in global logistics and project shipping solutions.
PDP Shipping & Projects Limited Financial Information (Restated)
| Category | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | ₹12.32 Cr | ₹8.26 Cr | ₹6.22 Cr | ₹4.22 Cr |
| Revenue | ₹13.78 Cr | ₹20.58 Cr | ₹22.6Cr | ₹28.73 Cr |
| Profit After Tax | ₹1.57 Cr | ₹2.31 Cr | ₹1.68 Cr | ₹1.91 Cr |
| Net Worth | ₹7.41 Cr | ₹5.84 Cr | ₹3.52 Cr | ₹1.85 Cr |
| Reserves & Surplus | ₹5.38 Cr | ₹3.81 Cr | ₹3.46 Cr | ₹1.78 Cr |
| Total Borrowing | ₹3.57 Cr | ₹0.5 Cr | ₹0.3 Cr | ₹0.04 Cr |
Conclusion
The PDP Shipping & Projects Ltd IPO appeared to be halal and Shariah compliant based on the Shariah screening Standard and the most recent financial report, which was released on February 25, 2025.
However, investors should conduct their own due diligence and review the company’s financials periodically for any changes in compliance.
Disclaimer: The information on Halalfinance.co.in is for educational and informational purposes only and not financial advice. We are not liable for any investment decisions you make; always consult a financial advisor before investing.
Hasan is the founder of HalalFinance.co.in, created after personally struggling to find reliable answers about halal investing in stocks. With a finance background and a passion for helping the Muslim community, He now shares well-researched, transparent, and authentic content to empower Muslims on their path to halal wealth-building.
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