Shreeji Shipping Global Ltd, one of India’s leading logistics companies specialising in dry bulk cargo at non-major ports, has launched its initial public offering (IPO). The issue has attracted considerable investor attention due to the company’s robust business model, fleet expansion plans and strong demand scenario in India’s shipping and logistics sector.
The Shreeji Shipping Global IPO open on August 19, 2025, and close on August 21, 2025. it is already showing strong IPO subscription numbers. Investors are also keeping an eye on the grey market premium (GMP), which indicates expectations of a good listing.
Shreeji Shipping Global IPO Highlights
Issue Size and Structure
Shreeji Shipping Global ltd IPO is a fresh issue of around 16.3 million shares, it purpose to raise up to ₹410-411 crore. It does not involve any offer for sale (OFS), ensuring that all funds raised will be used directly for the company’s growth and debt reduction.
Price Band and Lot Size
- Price Band: ₹240–₹252 per share
- Lot Size: 58 shares per lot
- Minimum Investment: ₹14,616 for retail investors
- Maximum Retail Investment: 754 shares
Allocation Breakdown
- Qualified Institutional Buyers (QIBs): 50%
- Retail Investors: 35%
- Non-Institutional Investors (NIIs): 15%
Key Dates of Shreeji Shipping Global IPO
- IPO Opens: August 19, 2025
- IPO Closes: August 21, 2025
- Allotment Date: August 22, 2025
- Refund & Demat Credit: August 25, 2025
- Listing Date: August 26, 2025 (on BSE and NSE)
Use of IPO Proceeds
The funds raised will be strategically used for:
- Acquiring Supramax dry bulk carriers from the secondary market (₹251–252 crore).
- Debt repayment (around ₹23 crore).
- General corporate purposes to strengthen the company’s financial position.
Company Overview
Shreeji Petroleum Global operates an interactive fleet of over 80 players including barges, mini bulk carriers, tagboats and floating cranes. It also has over 370 earthmoving fleets that handle cargo operations at over 20 ports and jetties in India and one jetty in Sri Lanka.
The company’s business model focuses on non-major ports, a fast-growing segment, especially in Gujarat, which is projected to see cargo handling growth at a CAGR of nearly 10.8% by FY2030.
Anchor Investors
Ahead of this shreeji shipping global IPO launch, the company raised ₹123.2 crore from anchor investors. Key participants included:
- Bank of India Mutual Fund
- Morgan Stanley Asia (Singapore)
- BNP Paribas Fund Management
This anchor book investment has boosted market confidence in the IPO.
Shreeji Shipping Global IPO Subscription Status
The IPO has seen strong demand across categories:
- Day 1 (August 19): Subscribed 2.13× overall (Retail 2.12×, NIIs 3.53×, QIBs 1.09×).
- Day 2 (August 20): Subscribed 2.78× overall.
- Midway through Day 2: Subscription further climbed to 3.56× (Retail 4.01×, NIIs 5.71×, QIBs 1.14×).
This rapid oversubscription highlights the strong investor appetite for the IPO.
Shreeji Shipping Global IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP) has remained steady, signaling positive listing expectations:
- Initial GMP: Around ₹26 (10%), suggesting a listing at ~₹278.
- Current GMP: About ₹27–30 (11–12%), indicating a possible listing at ₹280–282 per share.
Stable IPO GMP trends suggest continued optimism among investors.
Analyst Views
Market experts, including Canara Bank Securities and Swastika Investmart, have rated the IPO as “Subscribe for Long Term”. Analysts highlight Shreeji’s operational strength, established fleet, and focus on non-major ports as major advantages.
However, investors are also advised to note risks such as:
- Dependence on cyclical shipping industry trends.
- High reliance on key clients.
- Fluctuations in commodity trade volumes.
Conclusion
Shreeji Shipping Global Limited’s IPO is turning out to be one of the most promising issues of August 2025. With strong subscription figures, stable grey market premium and positive analysts’ outlook, it is attracting attention from both retail and institutional investors. The upcoming listing on August 26, 2025 will be closely watched to see if the market sentiment translates into strong early gains.
Disclaimer – This article is for informational purposes only and does not constitute investment advice, financial guidance, or a recommendation to buy or sell any securities. Investors should read the Red Herring Prospectus (RHP) carefully and consult their financial advisor before making any investment decision. Market figures, GMP figures and subscription status are based on publicly available information and may change at any time.
Leave a Reply