Shreeji Shipping Global IPO: Check IPO Date, Live Subscription and Key Details
Shreeji Shipping Global Ltd is an integrated shipping and logistics company that specializes in providing solutions for dry bulk cargo. The company's services include cargo handling (lightering, stevedoring, and port management), transportation (door-to-port and port-to-door), and fleet chartering & equipment rentals. The operational fleet consists of over 80 vessels (barges, mini bulk carriers, tug boats, and floating cranes) and over 370 earthmoving equipment. Shreeji Shipping Global operates at more than 20 key ports and jetties in India, with a strong presence along the west coast, and also at the Puttalam Port in Sri Lanka.
Price Range
₹240.00-252.00
Issue Size
410.71
Lot Size
58 shares
IPO Type
Mainboard
GMP
₹38(+15.08%)
Est. Listing Price
₹290
Invisible
-
Invisible
-
Key Metrics
Check Live GMP
Face Value
₹10
EPS
8.67
P/E Ratio
29.07
RoNW
42.91%
ROE
42.91%
Debt to Equity
0.75
Timeline
IPO Opens
19 Aug
IPO Closes
21 Aug
Allotment
22 Aug
Listing
26 Aug
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 19 August 2025 | Subscription starts |
| IPO Close Date | 21 August 2025 | Subscription ends |
| Allotment Date | 22 August 2025 | Allotment |
| Listing Date | 26 August 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,616 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,90,008 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,04,624 |
SHNI (Max)Below ₹10,00,000 | 68 | ₹9,93,888 |
BHNIAbove ₹10,00,000 | 69 | ₹10,08,504 |
IPO Objectives
- Acquisition of Dry Bulk Carriers in Supramax category in the secondary market.
- Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company.
- General Corporate Purposes.
Strengths
- The company is a prominent player in integrated shipping and logistics, offering complete solutions for dry bulk cargo.
- It has strong, long-term relationships with institutional customers, with over 92% of its income from repeat clients, which provides a stable business base.
- The company has its own large fleet of over 80 vessels and earthmoving equipment, which boosts its reliability and operational efficiency.
- It has a proven track record of consistent profit growth (PAT up by 13% in FY25) despite revenue fluctuations, showing strong cost management.
- The IPO proceeds will be used for fleet expansion, which is expected to directly increase the company's capacity and revenue in the future.
Weaknesses
- The company's revenue has been inconsistent, with a notable 17% decline between FY24 and FY25, which raises concerns about its top-line growth.
- The IPO has a high valuation, with a P/E ratio of 29.07x that appears significantly higher than the industry average, making it look fully priced.
- There is high customer concentration, with the top 10 customers accounting for 64% of its revenue, making it vulnerable to the loss of a major client.
- The shipping industry is highly cyclical, and the company's business is dependent on unpredictable factors like global trade volumes, commodity demand, and geopolitical events.
- The company is exposed to fuel price volatility and changes in foreign exchange rates, which can negatively impact its profitability.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 758.58 | 610.65 | 600.92 |
| Revenue (₹ Cr.) | 610.45 | 736.17 | 827.33 |
| PAT (₹ Cr.) | 141.24 | 124.51 | 118.89 |
| Net Worth (₹ Cr.) | 343.17 | 315.18 | 255.81 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Shreeji Shipping Global | 10.76 | 29.07 | 42.91% | 343.17 |
| Global Offshore Services | 1.65 | 59.17 | -6.93% | 82.39 |
| Essar Shipping | 0 | 0.73 | -3.77% | -2,674 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.09x | 2.42x | 110.41x |
| NII | 3.54x | 11.22x | 72.7x |
| S-HNI | 3.06x | 14.47x | 72.37x |
| B-HNI | 3.77x | 9.6x | 72.86x |
| RII | 2.13x | 6.99x | 21.92x |
| Total | 2.13x | 6.59x | 58.08x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 32,59,600 | 35,99,07,922 | 9,069.68 |
| NII | 24,44,700 | 17,77,26,210 | 4,478.7 |
| Small NII | 8,14,900 | 5,89,77,706 | 1,486.24 |
| Big NII | 16,29,800 | 11,87,48,504 | 2,992.46 |
| RII | 57,04,300 | 12,50,29,962 | 3,150.76 |
| Total | 1,14,08,600 | 66,26,64,094 | 16,699.14 |
Company Details
- Shreeji Shipping Global Ltd.
- Shreeji House, Town Hall Circle, Kalavad, Jamnagar, Gujarat-361001
- +91 288 2553331
- info@shreejishipping.in
- https://shreejishipping.in/
Registrar Details
- Bigshare Services Pvt.Ltd.
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html