Shreeji Shipping Global Limited is coming up with its Initial Public Offering (IPO), opening for subscription on 19th August 2025 and closing on 21st August 2025. The company is a well-established shipping and logistics solutions provider, mainly focusing on dry bulk cargo at ports and jetties across India and Sri Lanka.

As of March 31, 2025, the company has a fleet of more than 80 vessels, which includes barges, mini bulk carriers (MBCs), tug boats, and floating cranes. Along with this, it operates more than 370 earthmoving equipment, such as excavators, material handling machines, pay loaders, trailers, tankers, and other vehicles to service clients efficiently.

IPO Structure and Price Band

The IPO is a Book Built Issue worth ₹410.70 crore, consisting entirely of a fresh issue of 1.62 lakh shares. There is no Offer for Sale (OFS) component, meaning the proceeds will directly go to the company for growth and expansion.

• IPO Opens: 19 August 2025

• IPO Closes: 21 August 2025

• Allotment Date: 22 August 2025

• Tentative Listing: 26 August 2025 (BSE & NSE)

• Price Band: ₹240 – ₹252 per equity share

• Market Capitalisation at upper band: ₹4,105.54 crore

• Lot Size: 58 shares

• Retail Minimum Investment: ₹14,616

• HNI Minimum Investment (14 lots): ₹2,04,624

The book running lead managers to the issue are Beeline Capital Advisors Private Limited and Elara Capital (India) Private Limited, while Bigshare Services Private Limited is the registrar.

Financial Performance

Shreeji Shipping Global has shown consistent financial strength over the past three years:

• Revenue from Operations:

  • FY23: ₹8,273.29 million

  • FY24: ₹7,361.74 million

  • FY25: ₹6,104.50 million

• EBITDA:

  • FY23: ₹1,923.81 million

  • FY24: ₹1,983.56 million

  • FY25: ₹2,228.11 million

• Profit After Tax (PAT):

  • FY23: ₹1,188.85 million

  • FY24: ₹1,245.12 million

  • FY25: ₹1,412.37 million

Despite a fall in revenue in FY24 and FY25 compared to FY23, the company has improved its EBITDA and profit margins, showing operational efficiency.

The pre-issue EPS stands at ₹9.83, while the post-issue EPS is expected to be ₹8.67. The P/E ratio ranges from 25.63x (pre-issue) to 29.07x (post-issue), making it moderately priced compared to peers. The ROCE for FY24 is 28.09%, and the ROE and RoNW stand at a strong 42.91%.

Grey Market Premium (GMP) Trend

As of 11th August 2025, the GMP for Shreeji Shipping Global IPO is at ₹0, indicating no premium in the grey market. This suggests limited listing gains for investors. GMP trends can change based on market demand and supply, but currently, no significant activity is being observed.

IPO Allotment Process

Investors can check their IPO allotment status from 22nd August 2025 onwards by following these steps:

1. Visit the registrar’s IPO allotment page.

2. Select Shreeji Shipping Global Limited IPO from the dropdown list.

3. Enter application number, PAN, or DP Client ID.

4. Submit the details to view allotment status.

This process will confirm whether investors have been allotted shares and guide them for the next steps.

IPO Objectives

The net proceeds from the IPO will be utilised as follows:

1. ₹2,511.79 million for acquisition of Dry Bulk Carriers in Supramax category in the secondary market.

2. ₹230.00 million for pre-payment/repayment of outstanding borrowings.

3. Balance for general corporate purposes.

Promoter Experience

The company is promoted by Ashokkumar Haridas Lal and Jitendra Haridas Lal, who have a combined experience of more than 60 years in the shipping and logistics sector. Their expertise and industry connections have been crucial for the company’s growth and operational stability.

Expert Review

Given the company’s strong financials, good profit margins, and experienced promoters, Shreeji Shipping Global presents itself as a stable long-term investment opportunity. However, the lack of GMP activity and the relatively high P/E valuation make it less attractive for those seeking short-term listing gains.

Analysts are suggesting investors avoid this IPO for quick listing gains, but those with a long-term investment horizon and interest in the shipping & logistics sector may consider subscribing.

The Upcoming IPOs in this week and coming weeks are Mangal Electrical Industries, LGT Business Connextions, Vikram Solar, Gem Aromatics, Studio LSD, Shreeji Shipping Global, Patel Retail.

The Current active IPO are Regaal Resources, Mahendra Realtors and Infrastructure.

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