Shreeji Shipping Global IPO

About Shreeji Shipping Global IPO

Shreeji Shipping Global IPO is a book-built issue worth ₹410.71 crore. The IPO consists entirely of a fresh issue of 1.63 crore equity shares. The IPO opens for subscription on August 19, 2025, and closes on August 21, 2025. The allotment is expected to be finalised on August 22, 2025, with tentative listing on BSE and NSE scheduled for August 26, 2025.

The IPO is priced in a band of ₹240 – ₹252 per share. Retail investors must apply for a minimum of 1 lot comprising 58 shares, requiring an investment of ₹14,616 at the cutoff price. S-HNI investors must apply for a minimum of 14 lots (812 shares), amounting to ₹2,04,624, while B-HNI investors must apply for a minimum of 69 lots (4,002 shares), amounting to ₹10,08,504.

Beeline Capital Advisors Private Limited is the book-running lead manager to the issue, and Bigshare Services Private Limited is the registrar.

For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the Shreeji Shipping Global IPO RHP.

Industry Outlook

1. India’s maritime and logistics sector is poised for robust expansion, underpinned by strategic infrastructure development and policy reforms. With a coastline stretching over 7,500 kilometres and a network of 12 major ports and 217 minor ports, the country is well-positioned to become a global shipping hub. Notably, cargo handling activities are concentrated in 78 non-major ports, which are increasingly vital for specialised cargo such as coal and minerals.
2. Gujarat, home to Shreeji Shipping Global Limited, is emerging as a key player in this transformation. The state’s ports handled 317.20 million metric tonnes (MMTs) of cargo in Fiscal 2024, and this figure is projected to reach 720 MMTs by Fiscal 2030, reflecting a compound annual growth rate (CAGR) of 17.50%. This growth is driven by the strategic location of Gujarat’s ports and their ability to support bulk cargo movement efficiently.
3. India’s logistics industry, one of the largest globally, is undergoing a paradigm shift. Liberalisation in the 1990s catalysed international trade and foreign investment, laying the foundation for a modern supply chain ecosystem. Today, the sector encompasses transportation, warehousing, and integrated logistics services, linking suppliers to end-consumers across diverse industries.
4. The competitive landscape is multifaceted, with global and domestic players vying for market share. While large carriers dominate the top tier, regional and niche operators are thriving by offering tailored solutions. The sector’s evolution is further supported by government initiatives such as the Maritime India Vision and the National Logistics Policy, which aim to enhance operational efficiency and reduce logistics costs.

Shreeji Shipping Global IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. Expand its maritime fleet by acquiring dry bulk carriers in the Supramax category through the secondary market. This investment aims to strengthen the company’s operational capacity, enhance service reliability, and support its long-term growth in domestic and international cargo handling.
2. Reduce financial leverage by pre-paying or repaying, in part or full, certain outstanding borrowings. This move is expected to improve the company’s capital structure, reduce interest burden, and bolster financial stability.
3. Support general corporate purposes, including administrative expenses, brand development, and strategic initiatives that reinforce the company’s market presence and operational resilience. These funds will also be directed towards enhancing technological capabilities and expanding service offerings across key ports and jetties.
4. Elevate corporate visibility and governance standards through public listing on BSE and NSE. This will facilitate improved access to capital markets, foster investor confidence, and enable future growth opportunities through strategic partnerships and global collaborations.

About Shreeji Shipping Global Limited

Shreeji Shipping Global Limited was originally constituted as a partnership firm under the name M/s Shreeji Shipping on June 14, 1995. It was subsequently converted into a private limited company on April 11, 2024, and later reconstituted as a public limited company on November 18, 2024, under the Companies Act, 2013.

The company is engaged in providing integrated shipping and logistics solutions for dry bulk cargo across various ports and jetties in India and Sri Lanka. Its services encompass ship-to-ship (STS) lighterage, stevedoring, cargo management, and transportation, including port-to-premise and premise-to-port movements. As of March 31, 2025, Shreeji Shipping operated a fleet comprising over 80 vessels—including barges, mini bulk carriers, tug boats, and floating cranes—and more than 370 units of earthmoving equipment such as excavators, pay loaders, tippers, trailers, and tankers.

With a legacy spanning three decades, the company has established a strong presence in the maritime logistics sector, serving key industries such as oil and gas, energy and power, coal, and fast-moving consumer goods (FMCG). Its operations are concentrated in Gujarat, with strategic access to non-major ports such as Navlakhi, Magdalla, Bhavnagar, Bedi, and Dharmatar, as well as international operations at Puttalam Port in Sri Lanka.

Shreeji Shipping’s growth strategy is anchored in fleet expansion, operational efficiency, and long-term customer relationships. The company aims to capitalise on India’s increasing cargo volumes and port infrastructure development, positioning itself as a reliable logistics partner in the dry bulk segment.

How To Check the Allotment Status of the Shreeji Shipping Global IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Shreeji Shipping Global IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Shreeji Shipping Global IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Shreeji Shipping Global IPO

Registered Office: “Shreeji House”, Town Hall Circle, Kalavad, Jamnagar – 361001, Gujarat, India.

Phone: +91 288 2553331

E-mail: info@shreejishipping.in