Shreeji Shipping Global IPO price band fixed at Rs 240-252/share
Shreeji Shipping Global Ltd is coming up with Rs 411-crore initial public offering (IPO). The company provides shipping and logistics solutions for dry bulk cargo. The company announced a price band of Rs 240 to Rs 252 per share for its IPO.
New Delhi: Shreeji Shipping Global Ltd IPO is all set to open for public subscription from August 19 to 21, 2025. The company has set a price band of Rs 240 to Rs 252 per share for its Rs 411-crore initial public offering. The company is engaged in the business of providing shipping and logistics solutions for dry bulk cargo.
According to a public announcement made by Shreeji Shipping, anchor investors will be allowed to bid on August 18.
Shreeji Shipping Global IPO is a bookbuilding of Rs 410.71 crore, is entirely a fresh issue of 1.63 crore equity shares with no offer-for-sale (OFS) component.
The company’s draft papers mentioned that Shreeji Shipping plans to use Rs 251.2 crore out of the IPO proceeds for purchasing dry bulk carriers in the supramax category in the secondary market, and Rs 23 crore for repaying debt.
50 per cent of IPO is reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors.
Book-running lead managers to Shreeji Shipping's public issue: Beeline Capital Advisors Private Ltd and Elara Capital (India) Private Ltd.
Retail investors applying for Shreeji Shipping Global IPO are required to bid for a minimum lot of 58 shares, for which minimum amount of investment required is Rs 13,920. The NII category investors are mandated to bid for 14 lots for which Rs 2,04,624 is required, while investors bidding in the bNII portion, investors are required to apply for 69 lots.
Shreeji Shipping Global IPO allotment, listing dates
- Shreeji Shipping Global IPO Allotment expected: August 22
- Initiation of Refunds Process to likely to begin on: August 25
- The shares will be credited to the demat accounts of eligible shareholders on 25th August
- The stock will list on BSE and NSE with a tentative date August 26.
The firm is a flagship company of Jamnagar-based Shreeji Group. Its main business is based on non-major ports and jetties, particularly along the west coast of India.
Notably, a report published by D&B Report mentioned that cargo handled at ports in India is expected to grow at an annual rate of 10.80 per cent to 2,849 MMTs by fiscal year 2030.
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