Shreeji Shipping Global Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹240 - ₹252
- Lot size
- 58 shares
- Issue amount
- ₹411 cr
- Total subscription
- 58.1×
- Opens
- 19 Aug 2025
- Closes
- 21 Aug 2025
- Allotment
- 22 Aug 2025
- Listing
- 26 Aug 2025
Offer at a glance
Issue overview
- Issue size
- 1,62,98,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,920
- Fresh issue
- ₹411 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Pvt Ltd
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,616
- Issue type
- Bookbuilding IPO
- Shares before issue
- 14,66,20,254
- Shares after issue
- 16,66,20,254
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 58 | ₹14,616 |
| sHNI | 14 | 812 | ₹2,04,624 |
| bHNI | 69 | 4,002 | ₹10,08,504 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 2,007 | 14,786 |
| HNIs (2-10L) | 1,004 | 42,483 |
| RETAIL | 98,350 | 12,83,886 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 82.14 | 9,069.68 |
| RETAIL | 143.75 | 3,153.88 |
| NIB | 61.61 | 4,479.03 |
| HNIs 2+ | 20.54 | 1,486.57 |
| HNIs 10+ | 41.07 | 2,992.46 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 9.83 | 8.89 | 8.49 |
| ROE | 42.91 | 43.61 | 58.17 |
| ROCE | 28.09 | 35.33 | 38.05 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 26.16 | 0 | 0 |
| POST IPO(PE) | 29.07 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Established in 1995, the company is engaged in providing shipping and logistics services with a specialization in dry-bulk cargo. Its operations are primarily concentrated along the west coast of India and in Sri Lanka, catering to over 20 ports including Kandla, Navlakhi, Magdalla, Bhavnagar, and Puttalam. The company’s core services include cargo handling such as lightering (ship-to-ship transfer), stevedoring, and cargo management. It also offers transportation services, managing port-to-premise logistics and vice versa for dry bulk cargo. Additionally, it provides fleet chartering and rentals, offering vessels, tugboats, floating cranes, and earthmoving machinery on a charter basis. The company also earns other income from the sale of scrap and various operational services. As of September 2024, it owns a fleet of over 75 vessels, including barges, mini bulk carriers (MBCs), tugboats, and floating cranes, along with more than 380 earthmoving machines such as excavators, payloaders, and trailers. The workforce comprises over 1,000 employees.
Strengths
- Robust Asset Portfolio: As of March 31, 2025, the company possesses a fleet of 80+ vessels and over 370 earthmoving machines, supporting seamless dry bulk cargo operations throughout India and Sri Lanka.
- Proven Cargo Handling Experience: Backed by over 30 years in the industry, the company delivers comprehensive services including STS lightering, stevedoring, and cargo management, handling more than 15.7 MMT of cargo during Fiscal 2025.
- Self-Sufficient Operational Infrastructure: The company operates its own fleet of barges, MBCs, tugs, cranes, and logistics equipment, maintained by a skilled in-house team of 94 technical personnel dedicated to regular upkeep and repairs.
Risk factors
- High Sector Concentration: More than 50% of the company’s revenue is derived from clients in the Oil & Gas, Energy, and Coal sectors, making it vulnerable to industry-specific downturns that could affect business volume and customer retention.
- Revenue Concentration in Cargo Handling: A significant share of earnings comes from cargo handling activities. Any challenges in sustaining profit margins in this segment could negatively impact overall financial performance.
- Intense Market Competition: The company operates in a highly competitive environment, facing strong rivalry from both domestic and global logistics providers, which may result in reduced market share and hinder long-term profitability and growth.
Promoters
Ashokkumar Haridas Laland
Jitendra Haridas Lal
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited, Elara Capital (India) Private Limited
Registrar & contacts
Bigshare Services Pvt Ltd
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Shreeji House, Town Hall Circle, Kalavad Jamnagar, Gujarat, 361001
+91 288 2553331
[email protected]Company website ↗Understanding SHREEJISPG IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.