by Suman Gupta
MUMBAI, 11 AUGUST, 2025 : Gujarat-based Shreeji Shipping Global Limited IPO will Open on Tuesday August 19, 2025. The IPO price band is set at Rs. 240 – 252 Per Equity Share. The Anchor bidding commences one day prior on Monday August 18, 2025 and the issue will close on August 21, 2025. The IPO aims to raise approximately Rs 410.71 crore at the upper price band.
The IPO offers 50% of the net offer to qualified institutional bidders, 15% to non-institutional investors, and 35% to retail investors. This structure aims to balance investor participation across different categories. Shreeji Shipping Global does not have any listed peers, which positions it uniquely for potential investors.
The company plans to allocate the proceeds to expand its fleet and repay debt. Specifically, Rs 251.2 crore will be used to acquire dry bulk carriers and Rs 23 crore to repay existing debt. The remainder will be utilised for general corporate purposes.
Shreeji Shipping Global reported a net profit of Rs 141.24 crore for the fiscal year ending March 31, 2025, marking a 13.4% increase from the previous year. However, revenue declined nearly 17%, dropping to Rs 607.6 crore. The company operates over 80 vessels and more than 370 pieces of equipment, catering to ports in India and Sri Lanka.
The company filed draft papers with SEBI in January and received approval in May. The IPO’s objective is to strengthen the company’s financial standing by acquiring new assets and reducing debt, enhancing its operational capabilities.
Beeline Capital Advisors and Elara Capital (India) are the lead managers for the IPO.
Shreeji Shipping Global Limited provides shipping and logistic solutions for dry bulk cargo. The company primarily focuses on non-major ports and jetties, especially along the west coast of India. As of September 2024, the company has a fleet of 75 vessels and over 380 earthmoving equipment. Shreeji Shipping has provided services at more than 20 ports and jetties, including major Indian ports like Kandla and non-major ports like Navlakhi, Magdalla, Bhavnagar, Bedi and Dharmatar, as well as the overseas port at Puttalam in Sri Lanka. The company also serves Konta and Boffa in West Africa.
