Shreeji Shipping Global IPO Launches Today Amid Strong Market Interest
Shreeji Shipping Global has officially launched its Initial Public Offering (IPO) today, August 19, 2025, with a target size of ₹410.71 crore. The IPO will remain open until August 21, 2025, offering shares within a price band of ₹240 to ₹252 each. The company aims to utilize the proceeds for acquiring dry bulk carriers, debt repayment, and general corporate purposes, signaling a strategic move to bolster its operations in the shipping sector.
IPO Details and Allotment Schedule
The Shreeji Shipping Global IPO is set against a backdrop of robust investor interest, with the company’s shares already trading at a premium in the unlisted market. The basis of allotment for the IPO will be finalized on August 22, 2025, with refunds and the credit of shares to demat accounts expected by August 25, 2025. Investors can anticipate the listing of the company’s shares on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on August 26, 2025.
The proceeds from this IPO will primarily be directed towards acquiring Supramax category dry bulk carriers in the secondary market, which is crucial for enhancing the company’s fleet capabilities. Additionally, funds will be allocated for debt repayment and general corporate purposes, reflecting Shreeji Shipping Global’s commitment to strengthening its financial position and operational efficiency.
Market Performance and Financial Outlook
As of now, unlisted shares of Shreeji Shipping Global are trading at ₹278, indicating a premium of 10.32% over the upper price band of ₹252, which translates to a grey market premium (GMP) of ₹26. This positive market sentiment is further supported by the company’s financial performance, which reported a profit after tax of ₹1,412.37 million for FY25, up from ₹1,245.12 million in FY24. The revenue for the same period reached ₹6,076.13 million, with an improved EBITDA margin of 33.03%, showcasing enhanced operational efficiency.
Shreeji Shipping Global, with over 30 years of experience, specializes in integrated shipping and logistics services, particularly in dry bulk cargo handling. The company operates across more than 20 ports in India and Sri Lanka, boasting a fleet of over 80 vessels and 370 pieces of earthmoving equipment. As it aims to expand its business operations, the company is focusing on optimizing costs and enhancing customer experience through value-added services.
Investment firms like Mastertrust have recommended the IPO for long-term investors, indicating confidence in the company’s growth trajectory. However, potential investors are advised to conduct thorough research and consult with certified experts before making investment decisions.
