Shreeji Shipping Global IPO Day 3: Issue Subscribed 58.08x, GMP at ₹35
Shreeji Shipping Global IPO will be closing today for subscription on August 21, 2025. The company launched its ₹410.71 crores IPO on August 19, 2025. The allotment process is expected to be finalised on August 22, 2025 and the company shares will be listed both on NSE and BSE. The tentative listing date is fixed as August 26, 2025.
Shreeji Shipping Global IPO Details
Shreeji Shipping Global IPO is a book-building issue of ₹410.71 crores and is entirely a fresh issue of 1.63 crore shares. The price band is set between ₹240 and ₹252 per share and and the minimum lot size for an application is 58. The minimum investment amount required for retail investor is ₹13,920 (58 shares).
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
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Shreeji Shipping Global IPO Day 3 Subscription Status
[21 August 2025, 5 PM]
On Day 3, Shreeji Shipping Global IPO saw a subscription of 58.08 times. The public issue was subscribed 21.92 times in the retail category, 110.41 times in QIB, and 72.70 times in the NII category.
Also Raed : Shreeji Shipping Global IPO Day 1 Subscription Status ,Shreeji Shipping Global IPO Day 2 Subscription Status
Utilisation of IPO Proceeds
The net proceeds from the fresh will be used towards:
- Acquisition of Dry Bulk Carriers in Supramax category in the secondary market.
- Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company.
- General corporate purposes.
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Shreeji Shipping Global Ltd GMP Details
According to Livemint as of 21 August 2025 (09:26 am), Shreeji Shipping Global Ltd GMP stood at ₹35. The estimated listing price is expected to be ₹287, indicating a 13.89% gain per share over the upper price band of ₹252.
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Source: Livemint Media Report dated 21 August, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
Shreeji Shipping Global Ltd - Business Overview
Shreeji Shipping Global Limited, founded in 1995, is a leading provider of integrated shipping and logistics solutions for dry-bulk cargo. Originally a partnership firm, it became a private limited company in April 2024 and was converted into a public company in November 2024.
The company offers services such as cargo handling, port-to-plant logistics, vessel chartering, and equipment rentals. It operates across 20+ Indian ports and jetties including Kandla, Magdalla, Navlakhi, Bedi, and Dharamtar. It has also expanded internationally to Sri Lanka and West Africa.
The company reported a revenue of ₹610.45 crore in FY25 and a net profit of ₹141.24 crore.
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