Current Infraprojects IPO...
20 Aug, 2025
Shreeji Shipping Global IPO
Shreeji Shipping Global Ltd IPO is a fresh issue of 16,298,000 equity shares of face value of 10, with face value of ₹10 each, seeking to raise about ₹410.71 crores. The issue will open on 19th August 2025 and close on 21st August 2025, with the shares proposed to be listed on the NSE and the BSE by 26th August 2025. The IPO distribution is 50% to Qualified Institutional Buyers (QIBs), 35% to retail investors and 15% to non-institutional investors. It is not a fresh equity issue with any offer-for-sale of existing shareholders.
Company Background
Shreeji Shipping Global Ltd is a shipping and shipping-related services company based in Gujarat, India and was founded in 1995 as a partnership firm, but in late 2024, it became a public limited company. The company is promoted by Ashokkumar Haridas Lal and Jitendra Haridas Lal and it has more than 30 years of experience in integrated shipping and logistical services, with most of its services being dry bulk cargo shipping and logistics services. The company is involved in operations in the different ports and jetties, mainly the west coast of India, as well as in Sri Lanka and specializes in non-major ports and provides a single-window logistic solution to its customers.
Operations & Product Range
Facility & Production
The Shreeji Shipping Global owns a fleet of over 75 vessels and around 380 earthmoving equipment as of September 2024. It has an operation at over 20 ports and jetties, including the major ports such as Kandla and non-major ports such as Navlakhi, Magdalla, Bhavnagar, along with overseas ones such as Puttalam Port in Sri Lanka and Konta and Boffa in West Africa.
Brands & Market Presence
The shipping company focuses on important industries like Oil & Gas, Energy & Power, FMCG, Coal and metal industries and has long-term institutional contracts and presence in regional ports which are poorly served by the bigger companies.
Revenue Channels
Shreeji Shipping generates revenue primarily through:
- Cargo handling (ship-to-ship lightering, stevedoring, cargo handling)
- Transportation (dry bulk cargo port-to-premise and premise-to-port delivery)
- Chartering of fleets and rentals of equipment (vessels and earthmoving machines)
- Other operational income such as the sale of scrap and sundry activities
The revenue has been generated through diversified customers through their B2B model and emphasis on non-major ports. In FY 2024-25, the company reported a revenue of ₹607.60 crore under operations and an EBITDA of ₹200.6 crore and a profit after tax of ₹141.2 crore.
Management & Shareholding
Promoters & Shareholding
Ashokkumar Haridas Lal (Chairman & Managing Director, 28 years industry experience) and Jitendra Haridas Lal (Joint Managing Director, Science, Law degree, 28 years experience). Both the promoters have been with the company since its inception and are well known in allied industry associations and cooperative banks in the region. The promoters own 100 percent of the company at present and after the IPO, it will be 90 percent, reducing the promoter stake.
Board Members
The Board of Directors has independent directors such as Thomaskutty Varghese (a marine scientist who has a lot of experience in port planning) and Viral M Mamtora (a Chartered Accountant with 15 years of experience in finance).
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Shreeji Shipping Global IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Shreeji Shipping Global IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 19, 2025 to August 21, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹240 to ₹252 per share |
| Lot Size | 58 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,62,98,000 shares (aggregating up to ₹410.71 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 14,66,20,254 shares |
| Share Holding Post Issue | 16,29,18,254 shares |
Shreeji Shipping Global IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Aug 19, 2025 |
| IPO Close Date | Thu, Aug 21, 2025 |
| Tentative Allotment | Fri, Aug 22, 2025 |
| Initiation of Refunds | Mon, Aug 25, 2025 |
| Credit of Shares to Demat | Mon, Aug 25, 2025 |
| Tentative Listing Date | Tue, Aug 26, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2025 |
Shreeji Shipping Global IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 58 | ₹14,616 |
| Retail (Max) | 13 | 754 | ₹1,90,008 |
| S-HNI (Min) | 14 | 812 | ₹2,04,624 |
| S-HNI (Max) | 68 | 3,944 | ₹9,93,888 |
| B-HNI (Min) | 69 | 4,002 | ₹10,08,504 |
Shreeji Shipping Global IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 90% |
Competitive Strength:
- ● Mature and strong integrated shipping and logistics player with 30 years of experience in the industry
- ● The possession of a large fleet and equipment that enables control of assets and service reliability
- ● Excellent long-term customer relationships with 92%+ revenue coming in through existing customers
- ● Strategic non-major ports along the west coast, lower competition focus
- ● Established and dedicated promoters and management team that has experience in the industry and regulator
Shreeji Shipping Global IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 758.58 | 610.45 | 141.24 | 343.17 | 256.47 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 610.65 | 736.17 | 124.51 | 315 | 158.88 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 600.92 | 827.33 | 118.89 | 255.81 | 175.45 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 42.91% |
| ROCE | 28.09% |
| Debt/Equity | 0.75 |
| RoNW | 42.91% |
| PAT Margin | 23.24% |
| EBITDA Margin | 33.03% |
| Price to Book Value | 10.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.63 | 8.67 |
| P/E (x) | 26.16 | 29.07 |
IPO Objectives
- Purchases of dry bulk carriers of supramax type (₹251.2 crore)
- Settlement of prior debt as balance sheet enhancement (₹23 crore)
- General corporate uses like infrastructure investment, working capital and other strategic plans
These objectives aim to enhance the company’s operational capabilities and financial position to support future growth.
Conclusion
The Shreeji Shipping Global IPO presents a prospect to the investors to join the growth of an established integrated shipping and logistics company with a firm presence in the emerging non-major port area of India. The company is well placed to take advantage of the expanding cargo handling market in India and adjacent states with experienced promoters, strong asset base and expansion and debt reduction strategies.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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What are the opening and closing dates of the Shreeji Shipping IPO?
August 19, 2025 to August 21, 2025.
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What is Shreeji Shipping Global Limited’s main business?
Dry bulk shipping and logistics services, cargo handling, transportation, fleet chartering and equipment rentals.
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What are the plans to use the proceeds of the IPO?
To obtain other vessels, to repay debt and otherwise as a general corporate purpose.
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4. Who are the company promoters?
Ashokkumar Haridas Lal and Jitendra Haridas Lal.
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Are there listed peers of the company?
No, it does not have directly listed peers, which gives investors a unique position in the market.
