Shreeji Shipping Global IPO Price: ₹240 to ₹252 per share
IPO Dates: 19th August 2025 – 21st August 2025
Company Overview
Shreeji Shipping Global Limited traces its roots back to June 1995, when it began operations as a partnership firm under the name M/s Shreeji Shipping. Over the years, the company underwent significant transformations. In April 2024, it was converted into a private limited company named Shreeji Shipping Global Pvt. Ltd., and later, in October 2024, it transitioned into a public limited company as Shreeji Shipping Global Limited.
As the flagship entity of the Jamnagar-based Shreeji Group, the company is promoted and led by Ashokumar Haridas Lal and Jitendra Haridas Lal, who together possess over 60 years of experience in the shipping and logistics sector.
Business Overview
Shreeji Shipping Global Limited is a leading shipping and logistics service provider specializing in dry bulk cargo. It operates extensively at non-major ports and jetties along the West Coast of India and has a growing presence in Sri Lanka.
The company offers a complete suite of shipping and logistics services, including cargo handling, transportation, fleet chartering, and equipment rentals, providing clients with an integrated, single-window solution.
As of March 31, 2025, the company operates a fleet of over 80 vessels—comprising barges, mini bulk carriers (MBCs), tugboats, and floating cranes—and maintains more than 370 earthmoving machines, including excavators, material handling machines, payloaders, tippers, trailers, tankers, and other specialized vehicles. It employs 1,173 permanent staff to support its operations.
Geographic Presence
While capable of servicing major ports, the company has established its niche in non-major ports and jetties. It has delivered services at over 20 ports and jetties, including:
- Past Operations: Konta Port and Boffa Port (Guinea, West Africa)
- Major Indian Port: Kandla
- Non-Major Ports: Navlakhi, Magdalla, Bhavnagar, Bedi, Dharmatar
- International Ports: Puttalam Port (Sri Lanka)
Service Offerings
Cargo Handling Services
- Ship-to-Ship (STS) Lighterage operations for efficient cargo transfer between vessels
- Stevedoring for safe loading and unloading of cargo at ports
- Comprehensive Cargo Management ensuring smooth handling from arrival to dispatch
- Additional port-related support services tailored to client needs
Transportation
- End-to-end cargo movement from port to customer premises and vice versa
- Integrated dry bulk logistics designed for speed, safety, and efficiency
Fleet Chartering & Equipment Rentals
- Provision of vessels and earthmoving machinery on a charter basis
- Availability of specialized equipment for loading and unloading operations
Other Operational Income
- Revenue from scrap sales and other incidental activities
Customer Base
Shreeji Shipping Global caters to a wide range of industries, including Oil & Gas, Energy & Power, FMCG, Coal, and Metals. Some of its key clients include:
- Ceylon Shipping Corporation
- Adani Enterprises
- Torrent Power
- UltraTech Cement
- Ambuja Cements & ACC
- Tata International
- ArcelorMittal Nippon Steel India
In FY 2025, the company served 106 customers, with 14 new client acquisitions during the year.
Competitive Strengths
- Prominent player in integrated shipping and logistics for dry bulk cargo in India
- Strong institutional customer relationships across key sectors
- Proven operational capabilities supported by a large fleet and equipment base
- Established expertise in cargo handling at non-major ports
- Consistent financial growth and performance
- Experienced promoters and a committed management team
Bidding Starts In
Shreeji Shipping Global IPO Specifics:
| IPO Date | August 19, 2025 to August 21, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹240 to ₹252 per share |
| Lot Size | 58 Shares |
| Total Issue Size | 1,62,98,000 shares (aggregating up to ₹410.71 Cr) |
| Fresh Issue | 1,62,98,000 shares (aggregating up to ₹410.71 Cr) |
| Issue Type | Book Built Issue 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 Timetable (Important Dates)
| IPO Open Date | Tuesday, August 19 2025 |
| IPO Close Date | Thursday, August 21 2025 |
| Basis of Allotment | Friday, August 22 2025 |
| Initiation of Refunds | Monday, August 25 2025 |
| Credit of Shares to Demat | Monday, August 25 2025 |
| Listing Date | Tuesday, August 26 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2025 |
Shreeji Shipping Global IPO Lot Size
Bidders have the opportunity to bid for a minimum of 58 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 Reservation
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Shreeji Shipping Global Limited IPO Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Assets | 600.92 | 610.65 | 758.58 |
| Revenue | 827.33 | 736.17 | 610.45 |
| Profit After Tax | 118.89 | 124.51 | 141.24 |
| EBITDA | 188.71 | 197.89 | 200.68 |
| Net Worth | 255.81 | 315.18 | 343.17 |
| Reserves & Surplus | 255.71 | 315.08 | 196.55 |
| Total Borrowing | 175.45 | 158.88 | 256.47 |
Key Performance Indicator – Shreeji Shipping Global IPO
| KPI | Values |
|---|---|
| Market Cap | ₹4,105.54 Cr |
| EPS | ₹9.63 |
| P/E (x) | 26.16 |
| ROE | 42.91% |
| ROCE | 28.09% |
| PAT Margin | 23.24% |
| RoNW | 42.91% |
| Debt/Equity | 0.75 |
Objects of the Issue:
Shreeji Shipping Global Limited proposes to utilize the net proceeds from its Initial Public Offering (IPO) for the following purposes:
Acquisition of Dry Bulk Carriers:
An amount of ₹251.18 crore will be used for acquiring dry bulk carriers in the Supramax category from the secondary market. This investment will enhance the company’s fleet capacity and operational capabilities.
Repayment/Pre-payment of Borrowings:
₹23.00 crore will be allocated towards the repayment or pre-payment, in part or full, of certain outstanding borrowings availed by the company, thereby reducing debt obligations.
General Corporate Purposes:
The balance of the funds will be utilized for general corporate activities, which may include administrative expenses, business expansion, and other strategic initiatives to support the company’s growth plans.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
