Shreeji Shipping Global IPO
Bookbuilding IPO | ₹411.00 Cr | Listing at BSE, NSE
IPO Open
Tue, Aug 19, 2025
IPO Close
Thu, Aug 21, 2025
Price Band
₹240.00 to ₹252.00
Market Cap (Pre-IPO)
₹4,105.54 Cr
IPO Details
| IPO Date | Aug 19, 2025 to Aug 21, 2025 |
| Listing Date | Tentative: Aug 26, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹240.00 to ₹252.00 |
| Lot Size | 58 Shares (Minimum: ₹14,616.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹411.00 Crores |
| Total Shares Offered | 16,298,000 shares |
| Offer For Sale | 16,298,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 110.41x |
| NII | 72.70x |
| RII | 21.92x |
| Total | 58.08x |
Shreeji Shipping Global IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 81,49,000 (50.00%) |
| Retail Shares Offered | 57,04,300 (35.00%) |
| NII Shares Offered | 24,44,700 (15.00%) |
Shreeji Shipping Global IPO Lot Size
Investors can bid for a minimum of 58 shares and in multiples thereof
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 58 | ₹14,616 |
| Retail (Max) | 13 | 754 | ₹190,008 |
| S-HNI (Min) | 14 | 812 | ₹204,624 |
| S-HNI (Max) | 68 | 3,944 | ₹993,888 |
| B-HNI (Min) | 69 | 4,002 | ₹1,008,504 |
Shreeji Shipping Global Financial Information (Restated Consolidated)
Shreeji Shipping Global Ltd.'s revenue decreased by 17% and profit after tax (PAT) rose by 13% between the financial year ending with March 31, 2025 and March 31, 2024
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 758.58 | 610.65 | 600.92 |
| Total Income | 610.45 | 736.17 | 827.33 |
| Profit After Tax | 141.24 | 124.51 | 118.89 |
| EBITDA | 200.68 | 197.89 | 188.71 |
| NET Worth | 343.17 | 315.18 | 255.81 |
| Reserves and Surplus | 196.55 | 315.08 | 255.71 |
| Total Borrowing | 256.47 | 158.88 | 175.45 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 42.91% |
| ROCE (Return on Capital Employed) | 28.09% |
| Debt/Equity | 0.75 |
| RoNW (Return on Net Worth) | 42.91% |
| PAT Margin (Profit After Tax Margin) | 23.24% |
| EBITDA Margin | 33.03% |
| Price to Book Value | 10.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.63 | 8.67 |
| P/E (x) | 26.16 | 29.07 |
| Promoter Holding | 100.00% | 90.00% |
Company Promoters
- The Promoters of the company are Ashokkumar Haridas Laland Jitendra Haridas Lal.
Company Overview
Incorporated in 1995, Shreeji Shipping Global Limited is a shipping and logistics company focusing on dry-bulk cargo. Shreeji Shipping Global primarily focuses on non-major ports and jetties, especially along the west coast of India and Sri Lanka.
The company has provided services at over 20 ports and jetties, including Kandla, Navlakhi, Magdalla, Bhavnagar, Bedi, Dharmatar, and Puttalam.
The company's services include the following
Service Offering
- Cargo handling services include lightering, stevedoring, and cargo management.
- Transportation encompasses port-to-premise drop-off and vice versa for complete logistics.
- Fleet chartering and equipment rentals involve providing vessels and earthmoving equipment on a charter basis, along with other necessary loading and unloading equipment.
- Other operational income includes the sale of scrap and miscellaneous activities.
As of March 31, 2025, the company operates a fleet that exceeds 80 vessels, which includes barges, mini bulk carriers (MBCs), tugboats, and floating cranes.
Furthermore, the company maintains a portfolio of more than 370 earthmoving machines, encompassing material handling equipment, excavators, payloaders, tippers (including trailers), tankers, and various other vehicles used to provide client services.
Under the cargo handling segment, the company offers STS (ship-to-ship) Lighterage, Stevedoring and other port services, including cargo management services. The company offers transportation for dry bulk cargo, including port-to-premise drop-off and vice versa.
The company serves customers in sectors like Oil and Gas, Energy, FMCG, and Metals.
As of March 31, 2025, the company employs over 1173 permanent employees.
Company Strengths
- Prominent player in integrated shipping and logistic service provider in India.
- Long-term institutional customer relationships in key sectors.
- Established cargo handling operations for Dry Bulk Cargo
- Operational capabilities of its own fleet
- Proven Track Record of Growth in Financial Performance.
- Experienced Promoters and committed Management Team.
Use of Proceeds
| 1) | Acquisition of Dry Bulk Carriers in Supramax category in the secondary marketAcquisition of Dry Bulk Carriers in Supramax category in the secondary market | 251.18 |
| 2) | Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company | 23.00 |
| 3) | General Corporate Purposes | 95.36 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Shreeji Shipping Global IPO Peer Comparison
Shreeji Shipping Global peer comparison with similar listed entities. (As on March 31, 2025)
Quick Info
| Sector | Shipping and Logistics |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹4,105.54 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Aug 19, 2025 |
| IPO Close | Aug 21, 2025 |
| Allotment Date | Aug 22, 2025 |
| Credit to Demat | Aug 25, 2025 |
| Listing Date | Tentative: Aug 26, 2025 |
Lead Manager(s)
Beeline Capital Advisors Pvt.Ltd.
Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
Description
- 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 bidding started from Aug 19, 2025 and ended on Aug 21, 2025. The allotment for Shreeji Shipping Global IPO was finalized on Aug 22, 2025. The shares got listed on BSE, NSE on Aug 26, 2025.
- Shreeji Shipping Global IPO price band is set at ₹252.00 per share . The lot size for an application is 58. The minimum amount of investment required by an retail is ₹14,616 (58 shares) (based on upper price). 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.