Shreeji Shipping Global Share Price: IPO Price Band Set at ₹240–₹252 Per Share

Market Performance

Gujarat-based Shreeji Shipping Global has announced the price band for its upcoming IPO, setting it between ₹240 and ₹252 per share. The public offering will open for subscription on August 19, 2025, and close on August 21, 2025.

The anchor bidding is scheduled to begin on August 18, 2025.

Main News

• IPO Size: 1.6 crore shares (pure fresh issue)
• Upper Price Band Valuation: Approximately ₹410.71 crore
• Merchant Bankers: Beeline Capital Advisors and Elara Capital (India)
• IPO Filing Timeline: Draft papers filed in January 2025, SEBI approval in May 2025

Shreeji Shipping Global provides cargo handling, transportation, fleet chartering, and equipment rental services across various ports in India and Sri Lanka. The company primarily operates along the West Coast of India, focusing on non-major ports and jetties.

Company Details

• Fleet Strength: Over 80 vessels (including barges, mini bulk carriers, tug boats, and floating cranes)
• Equipment Assets: More than 370 earthmoving machines
• Flagship Company: Part of the Jamnagar-based Shreeji Group
• Business Focus: Dry bulk cargo solutions

Financial Performance (FY25)

• Revenue: ₹607.6 crore (- 17% YoY)
• Net Profit: ₹141.2 crore (+ 13.4% YoY)

Utilization of IPO Proceeds

• ₹251.2 crore – Acquisition of dry bulk carriers (Supramax category) from the secondary market
• ₹23 crore – Debt repayment
• Remaining funds – General corporate purposes

Summary

The Shreeji Shipping Global share price for its IPO has been fixed between ₹240 and ₹252, with the issue set to raise around ₹410 crore at the upper band. The company, known for its strong presence in the dry bulk cargo segment, plans to use the proceeds for fleet expansion, debt reduction, and business growth initiatives.