Shreeji Shipping Global’s Initial Public Offer (IPO) will open for bidding on August 19. The book building issue will mop up a total of Rs 410.71 crore from the investors. The issue is entirely a fresh issue of 1.63 crore shares. The price band for the IPO was set at Rs 240 to Rs 252 per equity share.
Shreeji Shipping Global IPO: Allotment and listing of shares
Shreeji Shipping Global IPO will close on Aug 21. The allotment for the IPO is expected to be finalised on Aug 22. The listing of the shares of Shreeji Shipping Global on the bourses, BSE and NSE, is likely to be on August 26, as per the tentative schedule.
Shreeji Shipping Global IPO: Lot size
The lot size for a retail application is 58, which sums up to Rs 13,920. The lot size investment for small NII is 14 lots of 812 shares, amounting to Rs 2 lakh, and for big NII, it is 69 lots of 4,002 shares, totalling to Rs 10 lakh.
Shreeji Shipping Global IPO: Lead book runner and registrar
Beeline Capital Advisors Pvt. Ltd. is the book-running lead manager to the issue, and Bigshare Services Pvt. Ltd. is working as the registrar of the IPO.
Shreeji Shipping Global IPO: About Shreeji Shipping Global
Shreeji Shipping Global is in the business of shipping and logistics, focusing on dry-bulk cargo. The company is primarily engaged in non-major ports and jetties, especially along the west coast of India and Sri Lanka. Shreeji Shipping Global has provided services at over 20 ports and jetties. The company offers services such as cargo handling, including lightening, stevedoring, and cargo management. It also provides transportation that encompasses port-to-premise drop-off and vice versa for complete logistics.
Shreeji Shipping Global IPO: Financials of Shreeji Shipping Global
The company’s net profit for the financial year 2024-25 came in at Rs 141.24 crore, up from Rs 124.51 crore posted a year ago. Its total income came in at Rs 610.45 crore in FY25, a drop from Rs 736.17 crore reported in FY24.