Shreeji Shipping Global IPO will open for bidding on August 19, 2025, and close on August 21, 2025. Shreeji Shipping Global Limited, incorporated in 1995, is a shipping and logistics company specialising in dry-bulk cargo handling. The company’s operations are primarily focused on non-major ports and jetties, particularly along the west coast of India and in Sri Lanka.
This blog will further cover Shreeji Shipping Global IPO details, including the issue size, price band, financial performance, and the company’s plans for operational expansion.
Shreeji Shipping Global IPO Date
The key pointers for the Shreeji Shipping Global IPO dates are:
- Bidding Opening Date: August 19, 2025
- Bidding Closing Date: August 21, 2025
- Allotment Date: August 22, 2025
- Initiation of Refunds (in case of less or no allotment): August 25, 2025
- Shares Credited to Your Demat Account: August 25, 2025
- IPO Listing Date: August 26, 2025
- Listing on Exchange: BSE and NSE
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Shreeji Shipping Global: IPO Issue Size
Shreeji Shipping Global IPO valuation, as denoted by the market capitalisation, stood at ₹4,105 crores. Here are the important details:
- Shreeji Shipping Global IPO Price Band: ₹240 to ₹252 per share
- Lot Size: 58 Shares
- Total Issue Size and Amount: 1.62 crore shares (totalling up to ₹410.71 crores)
- Fresh Issue Size and Amount: 1.62 crore shares (totalling up to ₹410.71 crores)
- Face Value: ₹10 per share
Shreeji Shipping Global IPO Proceeds Usage
The net proceeds from the Shreeji Shipping Global IPO are proposed to be utilised for the following purposes:
- To acquire dry bulk carriers in the Supramax category from the secondary market, with an allocation of ₹251.18 crores.
- To pre-pay or repay, either in part or in full, certain outstanding borrowings of the company, amounting to ₹23 crores.
- To meet general corporate requirements.
Shreeji Shipping Global IPO Reservations
Shreeji Shipping Global IPO reservations to different investors are:
- For QIBs: Not more than 50% of the Net Issue
- For NIIs: Not less than 15% of the Net Issue
- For Retail Investors: Not less than 35% of the Net Issue
Shreeji Shipping Global IPO Lot Size
Shreeji Shipping Global IPO lot size is 58 shares, wherein bidding can be done in multiples. The minimum amount that each category of investor needs to bid in this IPO is:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 58 | ₹14,616 |
| S-HNI (Min) | 14 | 812 | ₹2,04,624 |
| B-HNI (Min) | 69 | 4,002 | ₹10,08,504 |
Shreeji Shipping Global IPO Details: Promoter Holding
The Promoters of the company are Ashokkumar Haridas Lal and Jitendra Haridas Lal.
Shreeji Shipping Global IPO: Company Overview
Shreeji Shipping Global Limited, incorporated in 1995, is a shipping and logistics company that specialises in handling dry-bulk cargo. The company mainly operates at non-major ports and jetties, with a strong presence along the west coast of India and in Sri Lanka. Over the years, it has worked at more than 20 ports and jetties, including Kandla, Navlakhi, Magdalla, Bhavnagar, Bedi, Dharmatar, and Puttalam.
Its range of services covers cargo handling, transportation, and fleet chartering. The cargo handling operations include ship-to-ship lighterage, stevedoring, and complete cargo management. Transportation services ensure smooth delivery of dry-bulk cargo from the port to the customer’s premises and vice versa.
The company also offers fleet chartering and equipment rentals, providing vessels, earthmoving machinery, and other loading and unloading equipment on a hire basis. Additional income is generated from the sale of scrap and other related activities.
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Fleet Count and Customers
As of 31 March 2025, Shreeji Shipping Global operates a fleet of more than 80 vessels, including barges, mini bulk carriers, tugboats, and floating cranes. It also owns over 370 earthmoving machines such as excavators, payloaders, tippers, trailers, tankers, and other material-handling equipment, enabling it to manage large-scale operations efficiently.
The company caters to industries like oil and gas, energy, FMCG, and metals, and employs more than 1,173 permanent staff. Some of the notable clients include Reliance Industries, Adani Enterprise, Ultratech Cement, Nayara Energy, etc.
Competitive Strengths
Shreeji Shipping Global’s competitive strengths include its position as a leading integrated shipping and logistics service provider in India, long-term relationships with institutional customers in key sectors, well-established cargo handling capabilities, and ownership of a sizeable fleet.
Its consistent growth in financial performance and the experience of its promoters and management team further strengthen its market position.
Shreeji Shipping Global Limited: Financial Performance
Shreeji Shipping Global Ltd. key financials for different periods are as follows:
| Particulars (in ₹ Cr) | FY25 | FY24 | YoY Change |
|---|---|---|---|
| Total Income | 610.45 | 736.17 | -17% |
| Profit After Tax (PAT) | 141.24 | 124.51 | 13% |
| EBITDA | 200.68 | 197.89 | 1% |
| Total Assets | 758.58 | 610.65 | 24% |
| Total Borrowing | 256.47 | 158.88 | 61% |
| Return on Equity (RoE) | 42.91% | 43.61% | -1% |
| Debt to Equity Ratio (in Times) | 0.75 | 0.50 | 25% |
| Volume of Cargo Handled (in MMTs) | 15.71 | 13.78 | 14% |
- Shreeji Shipping Global Ltd. reported a 17% decline in total income to ₹610.45 crores in FY25, mainly due to lower sales proceeds from cargo handling, transportation, fleet chartering, and equipment rentals.
- Despite the drop in revenue, profit after tax rose by 13%, increasing from ₹124.51 crores to ₹141.24 crores, supported by cost control measures and operational efficiencies.
- EBITDA showed a marginal improvement of 1%, rising from ₹197.89 crores in FY24 to ₹200.68 crores in FY25, indicating stable core profitability despite reduced turnover.
- Total assets increased by 24% year-on-year, standing at ₹758.58 crores in FY25, highlighting ongoing investments in fleet and equipment.
- Total borrowings rose sharply by 61%, from ₹158.88 crores in FY24 to ₹256.47 crores in FY25, indicating higher leverage to support expansion and operational requirements.
- ROE fell slightly to 42.91% while the debt-to-equity ratio rose to 0.75, still indicating strong returns on shareholders’ equity alongside manageable leverage.
- The total volume of cargo handled rose to 15.71 MMT in FY25, indicating strong operational performance.
Shreeji Shipping Global IPO: Risk Factors
Shreeji Shipping Global IPO GMP is ₹9.5 as of August 12, 2025 (at 10:01). It is expected to list at a 3.77% gain at a price of ₹261.5. However, GMP is not a safe or assured criterion to bid for an IPO. It is important to do your own analysis before investing in any IPO.
Shreeji Shipping Global Ltd. is exposed to various risk factors that can eventually affect its business and investors’ perception:
- A large share of revenue comes from the company’s top ten customers, with the largest contributing over 20% in FY25. Losing any of these customers or a decline in their purchases could negatively impact business performance and financial health.
- The company operates in a highly competitive shipping and logistics market, facing pressure from both domestic and international players, which could reduce market share and affect revenue, profitability, and cash flows.
- Cargo handling operations are concentrated mainly at ports and jetties along the west coast of India. Any disruption or adverse event at these locations could harm the company’s business, financial position, and operational results.
For all the insights on Shreeji Shipping Global IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for the Shreeji Shipping Global IPO easily on the SMC ACE Apply by opening free demat account now.
Frequently Asked Questions – FAQs
1. What is the Shreeji Shipping Global IPO opening and closing date?
Shreeji Shipping Global IPO will open for subscription on 19 August 2025 and closes on 21 August 2025.
2. On which stock exchanges will the Shreeji Shipping Global IPO be listed?
The shares are going to be listed on both the BSE and NSE, with a tentative listing date of 26 August 2025.
3. How will the company use the funds raised from this IPO?
The proceeds will be used to acquire Supramax category dry bulk carriers from the secondary market, repay certain borrowings, and meet general corporate expenses.
References:
https://www.chittorgarh.net/reports/ipo_notes/shreeji-shipping-rhp.pdf
https://www.investorgain.com/gmp/shreeji-shipping-global-ipo-gmp/1375/
Author: All Content is verified by SMC Global Securities.
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