PDP Shipping & Projects IPO subscribed 22.8 percent on March 10, the first day of bidding. Retail investors have bought 45.2 percent shares of their reserved portion. The multi-modal transport operator entered capital markets to raise Rs 12.65 crore via public issue at a price of Rs 135 per share. The company intends to utilise Rs 10 crore out of IPO proceeds mainly for long-term working capital requirements, and Rs 80 lakh for general corporate purposes. It is a fixed price issue. Sun Capital Advisory Services is acting as the book running lead manager to the issue. The offer will remain open till March 12. Click here to read all IPO News from the Indian Stock Exchange (BSE) and click here for all the latest IPO news from the India Stock exchange (ISS) and clicking here for the US stock exchange (SEN) to read All the Latest IPOnews from the US and Canada (US) and Japan (JP Morgan, Morgan Stanley, BSE, CIMB, Goldman Sachs, HSBC, and Morgan Stanley).