Shreeji Shipping Global IPO – Full Details, Review, GMP & Key Dates
Shreeji Shipping Global IPO has attracted strong interest from both retail and institutional investors. In this post, we’ll break down everything you need to know—subscription trends, price band, GMP, company background, and whether it's worth applying for.
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| Shreeji Shipping Global IPO |
Table of Contents
- IPO Overview
- About the Company
- Financial Highlights
- IPO Objectives
- Grey Market Premium (GMP)
- Subscription Status
- Allotment & Listing Dates
- Should You Apply?
- FAQs
IPO Overview
| Issue Size | ₹410.71 Crore (Fresh Issue) |
|---|---|
| Price Band | ₹240 to ₹252 per share |
| Lot Size | 58 shares |
| Min Investment (Retail) | ₹14,616 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Open Date | August 19, 2025 |
| Close Date | August 21, 2025 |
| Listing Date (Tentative) | August 26, 2025 |
About the Company
Shreeji Shipping Global Ltd. offers integrated shipping and logistics services for dry-bulk cargo, operating across non-major ports and jetties in India and Sri Lanka. As of March 31, 2025, the company manages over 80 vessels—including barges, mini bulk carriers, tugboats, and floating cranes—and more than 370 earthmoving machines. Its presence spans over 20 ports like Kandla, Navlakhi, Magdalla, and international operations in Sri Lanka.
Financial Highlights (FY2025 vs FY2024)
- Revenue: ₹610 crore (↓17% from ₹736 crore in FY24)
- Profit After Tax (PAT): ₹141 crore (↑13.4%)
- EBITDA: ₹200 crore (↑ slight improvement over ₹197.9 crore)
What Will IPO Proceeds Be Used For?
- Purchase dry bulk carriers (Supramax category) — ~₹251 crore
- Debt prepayment or repayment — ~₹23 crore
- General corporate purposes and strengthening operations
Grey Market Premium (GMP) Today
GMP stands between ₹24–₹25, indicating strong investor sentiment and expectations of listing at a premium.
Subscription Status (Day-wise)
- Day 1 (Aug 19): 2.13x subscribed
- Day 2 (Aug 20): 6.59x subscribed
- Day 3 (Aug 21): 46.92x subscribed (final)
Allotment & Listing Details
| Basis of Allotment | August 22, 2025 |
|---|---|
| Refund Initiated | August 25, 2025 |
| Shares Credit to Demat A/C | August 25, 2025 |
| Expected Listing Date | August 26, 2025 |
Should You Consider Applying?
Reasons to Apply:
- Strong subscription—retail response is very high
- Healthy GMP suggests good listing gains
- Robust business model in shipping and logistics
Risks to Keep in Mind:
- Revenue drop of 17% year-on-year
- Dependence on a few key customers—over 17% revenue from largest client
If you're aiming for short-term listing upside, GMP and subscription numbers are in favor. For long-term investors, the company’s growth in dry bulk logistics and expansion plans look promising.
FAQs – Shreeji Shipping Global IPO
- What is the price band?
₹240 to ₹252 per share. - What is the lot size?
58 shares per lot. - When does the IPO open and close?
Opens August 19, closes August 21, 2025. - What is the GMP today?
₹24–₹25 per share. - When is the basis of allotment?
August 22, 2025. - When is the expected listing?
August 26, 2025 on BSE & NSE. - What are the main uses of IPO proceeds?
Acquiring ships, debt reduction, and general corporate use. - Is it a mainboard IPO?
Yes, this is a mainboard IPO. - Is subscription strong?
Yes, reached over 7x by final day. - Should I apply?
Depends on your risk appetite—view looks positive for listing gains.
Disclaimer:
This post is for informational purposes only. Please do your own research before investing. IPO investments are subject to market risks.
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