Shreeji Shipping Global IPO GMP: Logistics Service Provider’s Public Issue Witnesses Strong Demand on the Last Day of Bidding

The bidding window of Shreeji Shipping IPO (Shreeji Shipping Global Ltd) is scheduled to close today, August 21. Since its bidding window opened on August 19, the public issue has been oversubscribed nearly 14 times. The shipping and logistics company’s issue is seeing sustained investor interest on the final day of bidding.

Shreeji Shipping Global IPO GMP

The grey market premium for Shreeji Shipping Global’s unlisted shares is ranging between Rs 35 and Rs 36 apiece as per websites monitoring the movement of unlisted shares on the grey market. Given the GMP of Rs 36, the stock is likely to make a strong debut with a premium of over 14 per cent at Rs 288 per share.

Shreeji Shipping Global IPO Subscription Update

Shreeji Shipping Global IPO has received applications for more than 158.69 million shares so far on the third day of bidding compared to the 11.4 million shares offered for subscription across categories. The issue has been oversubscribed 13.91 times at the time of writing the story.

The shipping and logistics issue has been subscribed over 12.91 times in the retail individual investors category so far. Retail investors applied for over 73.62 million shares compared to the 5.7 million shares reserved for the category.

Non-Institutional Investors (NIIs) applied for over 75.55 million shares against the 2.44 million shares set aside for them. The logistics company’s issue was booked 30.91 times in the NII category. Qualified Institutional Buyers (QIBs) applied for 9.51 million shares of the shipping company on the final day of bidding against the 3.25 million shares set aside for the category and booked the issue 2.92 times.

Shreeji Shipping Global IPO: Offer Size and Price Band

Shreeji Shipping IPO is worth Rs 410.71 crore. Shreeji Shipping IPO comprises a fresh issuance of 16.29 million shares. The price band for Shreeji Shipping IPO was set at Rs 240 to Rs 252 per share.

Shreeji Shipping Global IPO: Lot Size and Minimum Investment

Retail investors interested in applying for Shreeji Shipping IPO can place bids for a minimum of 58 shares, which aggregates to an investment of Rs 14,616. The minimum lot size for Small Non-Institutional Investors (SNIIs) interested in applying for Shreeji Shipping IPO is 14 lots or 812 shares, amounting to an investment of Rs 2,04,624.

Shreeji Shipping IPO: Subscription window, listing date, allotment date

Shreeji Shipping IPO bidding window opened on August 19. Shreeji Shipping IPO bidding window is scheduled to close on August 21. The basis of allotment of Shreeji Shipping IPO will be decided on August 22.

After the basis of allotment for Shreeji Shipping IPO is decided the logistics company will initiate refunds for unsuccessful applicants on August 25. Successful bidders will receive shares of Shreeji Shipping in their demat accounts on August 25 as well. Shreeji Shipping’s shares will make their D-street debut on the NSE and BSE. The tentative listing date for Shreeji Shipping Limited’s shares is August 26.

Shreeji Shipping: Key financials

Shreeji Shipping’s total income for FY25 stood at Rs 610.45 crore, decreasing by over 17 per cent from Rs 736.17 crore in FY24. The shipping company’s profit-after-tax increased by over 13 per cent to Rs 141.24 crore in FY25 compared to Rs 124.51 crore in the preceding fiscal. The supermarket chain’s net worth increased by over 8 per cent to Rs 343.17 crore in FY25 compared to Rs 315.18 crore in FY24.

Shreeji Shipping IPO: Registrar

Beeline Capital Advisors Pvt Ltd is the book running lead manager for the shipping company’s public issue and the registrar is Bigshare Services Pvt.Ltd.

Shreeji Shipping: Promoters

Promoters of the logistics company include Ashokkumar Haridas Laland Jitendra Haridas Lal. The shareholding of Ashokkumar Haridas Laland Jitendra Haridas Lal will decrease to 90 per cent post the issue.

Shreeji Shipping IPO: Objective

The company plans to use the money generated via the public issue for purchasing dry bulk carriers and repayment of borrowings along with the fulfillment of general corporate purposes.

About Shreeji Shipping Ltd

Shreeji Shipping Global Ltd commenced operations in 1995. The logistics company operates mainly in non-major ports and jetties located on the west coast of India and Sri Lanka.