Shreeji Shipping Global IPO share allotment status is expected to be finalised on August 22, following the strong subscription. The IPO was open for bidding from August 19 to August 21.
The retail segment of the IPO was booked 21.94 times, while the Non-Institutional Investors’ (NIIs) category was subscribed 72.7 times. The Qualified Institutional Buyers (QIBs) booked their quota 110.41 times.The bookbuilding IPO, worth ₹410.71 crore, comprised entirely a fresh issue of 1.63 crore shares.
The company has proposed to utilise the IPO proceeds for acquiring a Dry Bulk Carrier in the “Supramax” category, which is aimed at reinforcing the company’s fleet size.
Investors who placed bids for the IPO shares can check their allotment status online through the BSE, NSE and the official website of the issue registrar, Bigshare Services Pvt Ltd.
Steps to check Shreeji Shipping Global IPO share allotment on BSE:
Access the IPO allotment section on BSE’s website: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
Choose ‘Equity’ for the issue type
From the dropdown menu under issue names, select Shreeji Shipping Global Ltd.
Enter your application number or PAN to move forward
Click search to check your share allotment detailsSteps to check allotment on Bigshare Services’ website:
Go to the link: https://www.bigshareonline.com/ipo_allotment.html
Select any of the server links from the three options
Choose ‘Shreeji Shipping Global’ from the list of companies
Choose any of these: PAN, Application Number, or beneficiary ID
Enter the necessary details
Click ‘Submit’ to obtain allotment status
The IPO allotment status can also be checked on the NSE website by using PAN and the application number.
Shreeji Shipping Global is expected to initiate the transfer of shares to the Demat accounts and refunds on August 25.
Shares of Shreeji Shipping Global Ltd. are tentatively scheduled to be listed on the NSE and BSE on Tuesday, August 26.
A part of the Jamnagar’s Shreeji Group, Shreeji Shipping Global Ltd provides shipping and logistic solutions for dry bulk cargo at several ports and jetties in India and Sri Lanka. The company’s fleet includes more than 80 vessels and over 370 earthmoving machinery.
Operating across more than twenty locations in India and Sri Lanka, the company extends its shipping and logistics services for dry bulk cargo. Its operational areas include some major Indian ports like Kandla, and non-major ones such as Navlakhi, Magdalla, Bhavnagar, Bedi and Dharamtar, along with the overseas port of Puttalam in Sri Lanka.
