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.
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.
