Shreeji Shipping Global IPO; Shreeji Shipping Global IPO is a book build issue of ₹410.71 crores. The issue is entirely a fresh issue of 1.63 crore shares of ₹410.71 crore.
Shreeji Shipping Global IPO opens for subscription on Aug 19, 2025 and closes on Aug 21, 2025. The allotment for the Shreeji Shipping Global IPO is expected to be finalized on Aug 22, 2025. Shreeji Shipping Global IPO will list on BSE, NSE with a tentative listing date fixed as Aug 26, 2025.
Shreeji Shipping Global IPO price band is set at ₹240.00 to ₹252.00 per share . The lot size for an application is 58. The minimum amount of investment required by an retail is ₹13,920 (58 shares). The lot size investment for sNII is 14 lots (812 shares), amounting to ₹2,04,624, and for bNII, it is 69 lots (4,002 shares), amounting to ₹10,08,504.
Shreeji Shipping Global IPO Overview
| Detail | Information |
|---|---|
| IPO Price Band | ₹240 – ₹252 per share |
| Issue Size | ~₹410.7 crore |
| Issue Type | Fresh Issue (no OFS) |
| Face Value | ₹10 per share |
| Lot Size | 58 shares |
| Retail Allocation | 35% |
| QIB Allocation | 50% |
| NII Allocation | 15% |
| Exchanges | NSE, BSE |
| Promoter Holding Pre-IPO | ~100% |
| Promoter Holding Post-IPO | ~90% |
| Objective of Issue | Fleet expansion, debt repayment, corporate purposes |
Important IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | August 19, 2025 |
| IPO Closing Date | August 21, 2025 |
| Allotment Date | August 22, 2025 |
| Refund Initiation | August 25, 2025 |
| Shares Credit to Demat | August 25, 2025 |
| Listing Date | August 26, 2025 |
IPO Lot Size & Investment Details
| Category | Lot Size | Shares | Amount at Upper Band |
|---|---|---|---|
| Retail Minimum | 1 | 58 | ₹14,616 |
| Retail Maximum | 13 | 754 | ₹1,90,008 |
| S-HNI Minimum | 14 | 812 | ₹2,04,624 |
| B-HNI Minimum | 69 | 4,002 | ₹10,08,504 |
Company Overview
Shreeji Shipping Global Limited, headquartered in Jamnagar, Gujarat, is a prominent shipping and logistics services provider, focusing on dry bulk cargo handling and coastal shipping. Founded in 1995, the company operates across 20+ major and non-major ports in India and also has operations at Puttalam port in Sri Lanka. It manages a fleet of more than 80 vessels including barges, tugboats, floating cranes, and mini bulk carriers, along with over 370 cargo-handling and earth-moving equipment. The company transports an estimated 14 million metric tonnes of cargo annually, serving industries like power, steel, cement, and infrastructure.
Financial Information (Restated Consolidated)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue (₹ Crore) | 610.45 | 736.17 | 652.12 |
| EBITDA (₹ Crore) | 201.56 | 229.44 | 192.48 |
| PAT (₹ Crore) | 141.24 | 124.51 | 108.62 |
| EBITDA Margin (%) | 33.03 | 31.16 | 29.51 |
| PAT Margin (%) | 23.14 | 16.91 | 16.65 |
| Net Worth (₹ Crore) | 341.29 | 280.16 | 191.26 |
| Total Assets (₹ Crore) | 1,010.42 | 876.53 | 732.40 |
| Total Borrowings (₹ Crore) | 255.97 | 221.82 | 186.59 |
Key Performance Indicators (KPI)
| KPI | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Return on Equity (ROE) | 42.9% | 44.45% | 56.81% |
| Return on Capital Employed (ROCE) | 28.09% | 26.88% | 27.42% |
| Debt to Equity Ratio | 0.75 | 0.79 | 0.98 |
| EPS (₹) | 41.36 | 39.03 | 37.64 |
| NAV per Share (₹) | 97.56 | 80.09 | 66.48 |
Use of IPO Proceeds
The IPO proceeds will be used strategically: ₹251.18 crore for acquiring Supramax dry bulk carriers, ₹23 crore for partial or full repayment of debt, and the balance for general corporate purposes. This will enhance the fleet size, reduce finance costs, and support future growth.
Strengths of the Company
Shreeji Shipping Global has a well-diversified fleet, strong port network coverage, experienced management, and established relationships with industrial clients. Its integrated logistics model—from cargo handling at ports to coastal transport—gives it a competitive edge. Non-major port operations often face less congestion and faster turnaround times, boosting operational efficiency.
Risks and Challenges
Potential risks include dependency on specific customers, fluctuations in cargo volumes, high fuel price volatility, regulatory changes, and maintenance costs. The shipping industry is cyclical, meaning earnings can be impacted by economic slowdowns or reduced trade activity.
Industry Outlook
India’s shipping sector is poised for growth due to increasing infrastructure investment, industrial expansion, and policy support for coastal shipping. Demand for dry bulk transport is expected to remain strong, driven by sectors like power, steel, and cement. Government initiatives to modernize ports and expand non-major port capacity will also benefit companies like Shreeji Shipping Global.
Investor Takeaway
At the given price band, the IPO offers an opportunity to invest in a company with strong financials, proven operational capabilities, and clear growth plans. Long-term investors may find value in its expansion strategy and high return ratios, while short-term gains will depend on listing sentiment and market trends.
