Shreeji Shipping Global Share Price: IPO Fully Subscribed on Day 1

Market Performance

Shreeji Shipping Global’s IPO received a strong response from investors on its very first day of bidding. The Gujarat-based shipping and logistics company saw subscription numbers exceed the total shares offered.

• IPO Size: Rs 411 crore
• Total bids received: Over 1.31 crore shares (against 1.14 crore shares on offer)
• Retail Individual Investors (RII) subscription: 1.3 times
• Non-Institutional Investors (NII) subscription: Nearly 2 times
• Qualified Institutional Buyers (QIB) subscription: 17%

This high participation reflects robust investor interest ahead of the company’s stock market debut.

Main News

Shreeji Shipping Global launched its maiden public issue to raise Rs 411 crore through a completely fresh issue of shares.

• Price band: Rs 240-252 per share
• IPO dates: August 19 to August 21, 2025
• Minimum bid: 58 shares (Rs 14,616 at upper price band)
• Allotment finalization: Likely by August 22, 2025
• Stock debut: Scheduled for August 26, 2025

A day before the IPO opened, the company raised Rs 123.2 crore from 14 anchor investors, showing strong institutional support.

Company Details

Shreeji Shipping Global, a flagship company of the Jamnagar-based Shreeji Group, offers end-to-end shipping and logistics services for dry bulk cargo at various ports and jetties in India and Sri Lanka.

Key highlights of the company:

• Fleet of over 80 vessels, including barges, mini bulk carriers, tug boats, and floating cranes
• More than 370 earthmoving equipment
• Focus on expansion from land to port operations
• Aims to optimize costs and improve operational efficiency
• Plans to enhance customer experience and maximize asset utilization

Use of IPO proceeds:

• Acquisition of Supramax category dry bulk carriers: Rs 251.2 crore
• Debt repayment: Rs 23 crore
• General corporate purposes: Remaining 

Summary

Shreeji Shipping Global’s IPO has been fully subscribed on the first day, with strong participation from both retail and institutional investors. The company plans to use IPO funds for fleet expansion, debt repayment, and corporate purposes. With a robust logistics network and operational focus, the company is positioned to strengthen its presence in the Indian shipping sector.