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Shreeji Shipping Global IPO Subscribed 58.1 Times On Final Day, Check GMP

The company operates in the shipping and logistics sector, specialising in dry-bulk cargo.

Shubhayan Bhattacharya

The offer was subscribed 6.6 times on the second day of subscription on Wednesday. (Image: Unsplash)

Shreeji Shipping Global Ltd.'s initial public offering was subscribed 58.1 times on the third and final day on Thursday. The IPO has seen notable demand from non-institutional and retail investors.

The offer was subscribed 6.6 times on the second day of subscription on Wednesday. The mainboard IPO was a book-built issue of Rs 410.71 crore.

Shreeji Shipping Global IPO comprised a fresh issue of 1.63 crore shares. The lot size for retail investors is 58 shares, requiring a minimum investment of Rs 13,920.

Beeline Capital Advisors Pvt. is the book-running lead manager for the Shreeji Shipping Global IPO. Bigshare Services Pvt. is the registrar for the issue.

The company operates in the shipping and logistics sector, specialising in dry-bulk cargo.

Shreeji Shipping Global IPO Details

  • Issue opened: Aug. 19.

  • Issue closes: Aug. 21.

  • IPO Listing Date: Aug. 26.

  • Issue Size: Rs 410.71 crore.

  • Fresh Issue:1.63 crore shares

  • Price Band: Rs 240 and Rs 252 per share.

Shreeji Shipping Global IPO Subscription Details

Shreeji Shipping Global IPO was subscribed 58.10 times as of 7 p.m. on Aug 21.

  • Qualified Institutions: 110.41 times

  • Non-Institutional Buyers: 72.70 times

  • Retail Investors: 21.94 times

Shreeji Shipping Global IPO GMP

The latest grey market premium of the Shreeji Shipping Global IPO was Rs 38 as of 7:34 p.m., according to InvestorGain. With the price band of Rs 252, the estimated listing price is Rs 290, indicating a potential gain of nearly 15%.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisers and read red herring prospectus thoroughly before placing bids.

Also Read: Shreeji Shipping Global Looks To Fund Eastern Expansion With Rs 411 Crore IPO

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Shubhayan Bhattacharya
Shubhayan covers markets and business news at NDTV Profit. He has a keen in... more
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