Shreeji Shipping Global’s initial public offering (IPO) witnessed a robust response on its first day of bidding, August 19, as investors placed bids for 2.43 crore shares against the total issue of 1.14 crore shares, resulting in an overall subscription of 2.13 times by the close of Day 1, according to exchange data.
Non-institutional investors (NIIs) showed strong interest, with their portion subscribed 3.54 times, while retail investors’ portion was booked 2.13 times. Qualified Institutional Buyers (QIBs) subscribed their portion 1.09 times.
The company aims to raise ₹410 crore through the IPO, which is entirely a fresh issue. The price band has been set at ₹240–₹252 per share. Retail investors can apply for a minimum of 58 shares per lot and up to 13 lots. At the upper end of the band, this translates to a minimum investment of ₹14,616 per lot.
The proceeds from the IPO are intended for acquiring dry bulk carriers in the supramax category from the secondary market, partial or full repayment of certain outstanding borrowings, and general corporate purposes.
The share allotment is expected to be finalized on August 22, 2025, with a tentative listing on both the BSE and NSE scheduled for August 26, 2025.
About Shreeji Shipping Global
Shreeji Shipping Global provides shipping and logistics solutions for dry bulk cargo across India and Sri Lanka, operating at more than twenty ports and jetties, including major Indian ports like Kandla and non-major ports such as Navlakhi, Magdalla, Bhavnagar, Bedi, and Dharmatar, as well as Puttalam in Sri Lanka.
The company serves clients across sectors including oil & gas, energy & power, FMCG, coal, and metals.
For the fiscal year ended March 31, 2025, and for FY24 and FY23, Shreeji Shipping Global handled cargo volumes of 15.71 MMT, 13.78 MMT, and 13.87 MMT, respectively, while cargo transported stood at 2.49 MMT, 2.74 MMT, and 2.96 MMT in the same periods.
As of March 31, 2025, the company had a fleet of over 80 vessels, including barges, mini bulk carriers (MBCs), tugboats, and floating cranes, and more than 370 earthmoving machines and vehicles such as excavators, pay loaders, tippers, trailers, and tankers.
Disclaimer: This article is for informational purposes only. Investors are advised to consult with certified financial professionals before making any investment decisions.
