Shreeji Shipping Global IPO made an impressive debut on 26 August 2025, with its shares listing strongly on the stock exchanges. On the BSE, Shreeji Shipping Global shares opened at ₹271.85, representing a nearly 8% premium over the IPO price of ₹252 per share. On the NSE, the stock began trading at ₹270, marking a 7.14% gain from the issue price. The listing valued the company at a market capitalisation of over ₹4,428.93 crore.
Key Details of the Shreeji Shipping Global IPO
The IPO was open for subscription from 19 to 21 August 2025. Shreeji Shipping Global set its price band at ₹240–252 per share, with a minimum application of 58 shares per lot and multiples thereof.
This public issue was entirely a fresh issue, comprising 1.63 crore equity shares, with no offer-for-sale component. At the upper end of the price band, the IPO raised ₹411 crore.
Planned Use of IPO Proceeds
The company intends to use ₹251.2 crore of the IPO proceeds to acquire dry bulk carriers in the supramax category from the secondary market. Another ₹23 crore is earmarked for repaying existing debt, strengthening the company’s financial position.
Strong Investor Response
Shreeji Shipping Global IPO saw remarkable demand, being oversubscribed more than 58 times during its three-day subscription period. This highlights the confidence of investors in the company’s business model and growth prospects.
About Shreeji Shipping Global
Shreeji Shipping Global provides shipping and logistics solutions for dry bulk cargo and operates across various ports and jetties in India and Sri Lanka. The Jamnagar-based Shreeji Group primarily focuses on non-major ports along India’s west coast.
According to a D&B report, cargo handled at Indian ports is projected to grow at an annual rate of 10.8%, increasing from 1,540 million metric tons (MMTs) in FY24 to 2,849 MMTs by FY30. Gujarat’s ports are expected to see even faster growth, with cargo volumes rising to 720 MMTs by FY30 from 317.2 MMTs in FY24, representing a 17.5% annual growth rate. India has a long coastline with 12 major ports and 217 minor ports, 78 of which handle cargo, while the rest are mainly used for fishing.
Market Outlook and Strategic Position
The strong listing of Shreeji Shipping Global IPO reflects investor confidence in the company’s expansion strategy. With plans to acquire additional supramax carriers and strengthen operations, the company is well-positioned to capitalise on growing demand in India’s shipping sector.
Conclusion
The successful debut of Shreeji Shipping Global IPO, listing at nearly 8% above the issue price, underscores the company’s solid fundamentals and growth potential. With clear plans for fleet expansion and debt repayment, Shreeji Shipping Global is poised to enhance its position in the shipping and logistics industry while offering investors a promising investment opportunity. Explore Share Market Today to get latest insights on Shreeji Shipping Global Ltd.
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