Shreeji Shipping Global was incorporated on June 14, 1995. The company provides shipping and logistics solutions for dry bulk cargo across ports and jetties in India and Sri Lanka. As of September 30, 2024, it operates a fleet of 75+ vessels and 380+ earthmoving equipment.
| Bidding Dates |
|---|
| 19 Aug 2025 - 21 Aug 2025 |
| Subscription |
|---|
| 58.1x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,920 | 1 | 13 | 58 | 16.3 M | ₹240 - ₹252 | 90 % | ₹3911.5 M - ₹4107.1 M | RHP DOC |
Shreeji Shipping Global IPO SUBSCRIPTION STATUS
21 Aug '25Shreeji Shipping Global IPO overall subscription rate was 58.1 times the total available shares
Shreeji Shipping Global IPO retail subscription rate was 21.94 times in the retail segment
Shreeji Shipping Global IPO non-institutional investor subscription rate was 72.7 times in the non-institutional investor category
Shreeji Shipping Global IPO Qualified Institutional Bidder subscription rate was 110.41 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
21 Aug 2025 (Day 3) | 21.94x | 72.7x | 110.41x |
20 Aug 2025 (Day 2) | 7x | 11.22x | 2.42x |
19 Aug 2025 (Day 1) | 2.12x | 3.53x | 1.09x |
Shreeji Shipping Global FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 607.6 | 141.2 | 138.8 | 143.0 | 33.0% |
| FY24 | 731.0 | 124.5 | 158.6 | 128.4 | 27.1% |
| FY23 | 827.0 | 118.9 | 152.7 | 132.2 | 22.8% |
Shreeji Shipping Global IPO SUBSCRIPTION STATUS DETAILS
Shreeji Shipping Global had 16.3 M shares on offer
Shreeji Shipping Global IPO offer price was in the range ₹240 - ₹252
Shreeji Shipping Global IPO minimum Investment was ₹13920
Shreeji Shipping Global IPO issue size was ₹ 3911.5 M - ₹ 4107.1 M
Shreeji Shipping Global had a minimum lot size of 58 Shares per application
Shreeji Shipping Global NUMBER OF SHARES ON OFFER
Shreeji Shipping Global IPO IMPORTANT DATES
| Issue Open Date | 19 Aug 2025 |
| Issue close Date | 21 Aug 2025 |
| Allotment Date | 22 Aug 2025 |
| Refund Date | 25 Aug 2025 |
| Demat Account Credit Date | 25 Aug 2025 |
| Listing Date | 26 Aug 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Shreeji Shipping Global Allotment Status | Exchange/ Registrar |
Shreeji Shipping Global IPO subscription opened on 19 Aug 2025, and closed on 21 Aug 2025
IPO allotment for Shreeji Shipping Global was finalized on Friday, 22 Aug 2025
IPO listing for Shreeji Shipping Global was on NSE and BSE on Tuesday, 26 Aug 2025
Shreeji Shipping Global IPO LISTING GAINS
| Issue Price (adjusted) | 252.0 |
| Listing Open Price | 270.0 |
| Listing Close Price | 255.1 |
| Listing Gain% | 7.1% |
| Current Gain% | 167.0% |
Shreeji Shipping Global Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shreeji Shipping Global Ltd. | 672.8 | 10961.1 | 71.8 | 8.8 | 15.5 | 19.8 | 12.5 | 739.1 | 21.1 | 152.7 | 8.1 | 9.4 | 8.1 |
| Great Eastern Shipping Company Ltd. | 1341.8 | 19156.5 | 5.1 | 0.1 | 3.1 | 17.3 | 15.1 | 6312.4 | 2.5 | 2942.5 | 25.5 | 262.4 | 84 |
| Swan Defence and Heavy Industries Ltd. | 2694.9 | 14197.3 | -62.7 | 2.5 | 50.3 | -324.4 | -7.1 | 440 | 2409.9 | -225.9 | -24.8 | -43 | -25.2 |
| Shipping Corporation of India Ltd. | 304.8 | 14195.2 | 8.8 | 0.1 | 2.2 | 14.9 | 10.2 | 6226.8 | 7.4 | 1352.9 | 60.4 | 34.7 | 78.5 |
| Seamec Ltd. | 1527.7 | 3884.2 | 15.5 | 0.1 | 4.1 | 19.3 | 13.5 | 1000 | 46.6 | 251.4 | 180.5 | 98.9 | 180.5 |
| Dredging Corporation Of India Ltd. | 1071.3 | 2999.6 | 76.3 | 0.3 | 2.3 | 0.4 | 0.2 | 1214.1 | 5.8 | 4.8 | 117.3 | 14 | 302.9 |
Shreeji Shipping Global INFORMATION ON IPO ISSUE
About Shreeji Shipping Global
Shreeji Shipping Global was incorporated on June 14, 1995. The company provides shipping and logistics solutions for dry bulk cargo across ports and jetties in India and Sri Lanka. As of September 30, 2024, it operates a fleet of 75+ vessels and 380+ earthmoving equipment.
Object of the Issue
- 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
Shreeji Shipping Global - PROMOTERS
| Name |
|---|
| Ashokkumar Haridas Lal |
| Jitendra Haridas Lal |
| Ashokkumar Haridas Lal |
| Jitendra Haridas Lal |
Shreeji Shipping Global - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Ashokkumar Haridas Lal | Chairman & Managing Director |
| Jitendra Haridas Lal | Joint Managing Director |
| Thomaskutty Varghese | Independent Director |
| Vipulchandra Sureshchandra Acharya | Independent Director |
| Sheelaben Mansukhlal Dattani | Independent Director |
| Suresh Amritlal Joshi | Independent Director |
Shreeji Shipping Global Book Running Lead Manager
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Elara Capital (India) Private Limited
shreeji.ipo@elaracapital.com
Shreeji Shipping Global Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Shreeji Shipping Global Strengths
Prominent player
With over 25 years of experience, the company specialises in cargo handling, transportation, fleet chartering, and equipment rentals. It is a leading provider of integrated shipping and logistics solutions for dry bulk cargo at all-weather and seasonal ports in India and Sri Lanka
Customer relationship
The company serves customers across sectors like Oil & Gas, Energy, FMCG, coal, and metals on a B2B basis. It served 102 customers in FY24 and 76 customers in the six months ending September 30, 2024
Established operations
The company operates at all-weather and seasonal ports in India and Sri Lanka, focusing on non-major ports with tidal variations and draft restrictions. It handles various dry bulk cargo, including coal, clinker, salt, iron ore, pet coke, sulfur, and limestone
Shreeji Shipping Global Risks
Competition
The company faces strong competition from domestic and international shipping and logistics players, which may impact market share, business performance, and financial stability
Transportation risks
The company faces transportation-related risks, including cargo loss, damage, and personal injury claims, which may not always be fully covered by insurance
Risks of labour strikes
The company's operations may be affected by employee strikes, work stoppages, and labour law compliance risks, potentially increasing employee costs and impacting profitability
IPO FAQs
The promoters of the company are Ashokkumar Haridas Lal, Jitendra Haridas Lal, Ashokkumar Haridas Lal and Jitendra Haridas Lal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 240.0 - 252.0.
The IPO application opens on Aug 19, 2025 and closes on Aug 21, 2025.
The minimum lot size for the IPO is 58. The maximum lot size for the IPO is 754.
For all category investors, the minimum application amount for this IPO is Rs. 13,920.0, the maximum value for this IPO is Rs 190,008.0.
This IPO will be allotted on Aug 22, 2025.
The refund will be credited to your account on Aug 25, 2025.
The allotted shares will be credited to your demat on Aug 25, 2025.
Shreeji Shipping Global Ltd.’s shares listed on the stock exchanges on Aug 26, 2025.