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Shreeji Shipping Global IPO is a bookbuilding of ₹410.71 crores. The issue is entirely a fresh issue of 1.63 crore shares of ₹410.71 crores with no offer for sale.
The IPO opens for subscription on August 19, 2025 and closes on August 21, 2025. The allotment is expected to be finalized on Friday, August 22, 2025. The price bank for the IPO is set at ₹240 to ₹252 per share and the minimum lot size for an application is 58 shares.
Company Summary
Incorporated in 1995, Shreeji Shipping Global Limited is a shipping and logistics company focusing on dry-bulk cargo. Shreeji Shipping Global primarily focuses on non-major ports and jetties, especially along the west coast of India and Sri Lanka. As of March 31, 2025, the company operates a fleet of over 80 vessels, comprising barges, mini bulk carriers (MBCs), tugboats, and floating cranes.
Furthermore, the company maintains a portfolio of more than 370 earthmoving machines, encompassing material handling equipment, excavators, payloaders, tippers (including trailers), tankers, and various other vehicles used to provide client services.
Under the cargo handling segment, the company offers STS (ship-to-ship) Lighterage, Stevedoring, and other port services, including cargo management services. The company offers transportation for dry bulk cargo, including port-to-premise drop-off and vice versa.
The company serves customers in sectors like Oil and Gas, Energy, FMCG, and Metals.
The company has provided services at over 20 ports and jetties, including Kandla, Navlakhi, Magdalla, Bhavnagar, Bedi, Dharmatar, and Puttalam.
As of March 31, 2025, the company employs over 1173 permanent employees.
Company Services
- Cargo handling services include lightering, stevedoring, and cargo management.
- Transportation encompasses port-to-premise drop-off and vice versa for complete logistics.
- Fleet chartering and equipment rentals involve providing vessels and earthmoving equipment on a charter basis, along with other necessary loading and unloading equipment.
- Other operational income includes the sale of scrap and miscellaneous activities.
Company Strengths
- A prominent player in the integrated shipping and logistics service provider in India.
- Long-term institutional customer relationships in key sectors.
- Established cargo handling operations for Dry Bulk Cargo
- Operational capabilities of its fleet
- Proven Track Record of Growth in Financial Performance.
- Experienced Promoters and a committed Management Team.
Company Financials
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 758.58 | 610.65 | 600.92 |
| Revenue | 610.45 | 736.17 | 827.33 |
| Profit After Tax | 141.24 | 124.51 | 118.89 |
| EBITDA | 200.68 | 197.89 | 188.71 |
| Net Worth | 343.17 | 315.18 | 255.71 |
| Reserves and Surplus | 196.55 | 315.08 | 255.71 |
| Total Borrowing | 256.47 | 158.88 | 175.45 |
| Amount in ₹ Crore | |||
Objectives of IPO
- Acquisition of Dry Bulk Carriers in the Supramax category in the secondary market
- Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company
- General Corporate Purposes
Promoters of the company
The Promoters of the company are Ashokkumar Haridas, Laland Jitendra Haridas Lal.
IPO Details
| IPO Date | August 19, 2025 to August 21, 2025 |
| Listing Date | August 26, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹240 to ₹252 per share |
| Lot size | 58 shares |
| Total Issue size | 1,62,98,000 shares (aggregating upto ₹410.71 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 14,66,20,254 shares |
| Share Holding Post Issue | 16,29,18,254 shares |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 58 | ₹14,616.00 |
| Retail (Max) | 13 | 754 | ₹1,90,008.00 |
| S-HNI (Min) | 14 | 812 | ₹2,04,624.00 |
| S-HNI (Max) | 68 | 3944 | ₹9,93,888.00 |
| B-HNI (Min) | 69 | 4002 | ₹10,08,504.00 |
Allotment Schedule
| Basis of Allotment | Fri, 22 Aug, 2025 |
| Initiation of Refunds | Mon, 25 Aug, 2025 |
| Credit of Shares to Demat | Mon, 25 Aug, 2025 |
| Tentative Listing Date | Tue, 26 Aug, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
To check allotment, click here
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