The IPO saw strong investor interest during its three days of public bidding, being subscribed over 58 times.
About shreeji shipping ipoThe IPO of Shreeji Shipping Global was available for subscription from August 19 to 21.
The company fixed a price band of ₹240-252 per share for its IPO, where investors bid for a minimum of 58 shares in one lot and in multiples thereof.
Shreeji Shipping Global’s IPO was entirely a fresh issue of 1.63 crore equity shares with no offer for sale (OFS) component.
At the upper end of the price band, the company garnered ₹411 crore through the public issue.Shreeji Shipping Global IPO Objective
The company is planning to use ₹251.2 crore out of the IPO proceeds for acquisition of dry bulk carriers in the supramax category in the secondary market, and ₹23 crore for repaying debt.
Company overview
Shreeji Shipping Global is a provider of shipping and logistic solution for dry bulk cargos, and operates at various ports and jetties in India & Sri Lanka. The flagship company of Jamnagar-based Shreeji Group primarily focuses on non-major ports and jetties, particularly along the west coast of India.
According to a D&B Report, cargo handled at ports in the country is expected to grow at an annual rate of 10.80% to 2,849 MMTs by FY30 from 1,540 million metric tons (MMTs) in FY24.
Ports in Gujarat are set to see even faster growth, with cargo expected to rise to 720 MMTs by FY30 from 317.20 MMTs in FY24, representing a 17.50 per cent annual growth rate.
India has a long coastline with 12 major ports and 217 minor ports. Among these, 78 non-major ports handle cargo, while others are used for fishing
First Published: Aug 26, 2025 10:01 AM IS
