Shreeji Shipping Global IPO: Price Band Set For Rs 411 Crore Fresh Issue
The Shreeji Shipping IPO will open on Tuesday, Aug. 19, and close on Thursday, Aug. 21.
Shreeji Shipping Global Ltd. announced the price band for the upcoming initial public offering of new shares worth up to Rs 410.7 crore. The company will offer shares in the range of Rs 240 to Rs 252 apiece.
The IPO will be a complete fresh issuance of 1.62 crore shares with a face value of Rs 10 each. There will be no offer-for-sale by promoters and existing investors.
The Shreeji Shipping IPO will open on Tuesday, Aug. 19, and close on Thursday, Aug. 21. The pre-IPO anchor round for institutional investors will be held on Aug. 18. The tentative date of allotment of shares to IPO investors will be Friday, Aug. 22 and the stock will be listed on the NSE and BSE on Aug. 26.
The lot size for an application is 58. The minimum amount of investment required by an individual investor (retail) is Rs 13,920 (58 shares).
Beeline Capital Advisors Pvt. and Elara Capital (India) Pvt. are the book-running lead managers for the issue.
Jamnagar, Gujarat-based Shreeji Shipping Global is a shipping and logistics company focusing on dry-bulk cargo and primarily focuses on non-major ports and jetties, especially along the west coast of India and Sri Lanka, according to its offer documents.
The company has provided services at over 20 ports and jetties, including Kandla, Navlakhi, Magdalla, Bhavnagar, Bedi, Dharmatar, and Puttalam.
Shreeji Shipping will use Rs 251 crore out of IPO proceeds for the acquisition of dry bulk carriers in the supramax category in the secondary market, and further use Rs 23 crore for repaying debt.
The company reported a revenue of operations of Rs 607.6 crore in fiscal 2025, down 17% over the previous year. Net profit rose 13% tof Rs 141 crore.
