The much-awaited listing of Shreeji Shipping Global Ltd. finally hit the stock exchanges on August 26, 2025. The company made a positive entry but soon lost some steam during the session, leaving investors watching closely.
Market Performance
Shreeji Shipping Global’s shares saw a mixed start:
- NSE: Opened at ₹270 per share (a 7.14% premium over IPO price of ₹252)
- BSE: Listed at ₹271.85, marking nearly an 8% gain over the issue price
- By 11:35 am, the stock slipped and was trading at ₹261 on NSE and ₹261.10 on BSE
- Market capitalization on debut stood at ₹4,428.93 crore
In simple terms, while the debut began strong, the stock quickly corrected by around 4% from its opening levels.
Company Details
Shreeji Shipping Global is not a new player in the Indian logistics and shipping sector. With over 30 years of industry experience, the company has carved a strong position in operations along the west coast of India, particularly at minor ports.
A closer look at its business model:
- Focus on asset ownership and operational control
- A robust fleet of 83 ships
- A large base of 376 earth-moving machines supporting port and logistics activities
This structure provides the company with a competitive edge in handling shipping and logistics services efficiently.
Shreeji Shipping Global IPO Highlights
The IPO journey drew significant investor attention before the market listing.
- Issue Price Band: ₹240–₹252 per share
- IPO Size: Fresh issue of 1.63 crore equity shares (no offer-for-sale component)
- Subscription: Over 58 times during the three-day bidding period (August 19–21)
- Fund Utilization Plan:
- ₹251.2 crore for buying supramax category dry bulk carriers in the secondary market
- ₹23 crore for debt repayment
- ₹251.2 crore for buying supramax category dry bulk carriers in the secondary market
The strong subscription figures reflected the rising interest in India’s logistics transformation story.
Summary
The Shreeji Shipping Global share made a promising entry with a premium over its IPO price, but the excitement was short-lived as the stock slipped about 4% from its opening levels. Still, the company enters the market with a solid operational base, a healthy order book, and a significant role in India’s west coast port logistics.
For now, investors will watch closely how the Shreeji Shipping share price stabilizes in the coming sessions, especially as the company deploys IPO proceeds towards fleet expansion and debt reduction.
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