Company Overview
Founded in 1995, Shreeji Shipping Global Ltd is a Gujarat-based logistics firm specializing in dry bulk cargo handling across non-major ports in India and Sri Lanka. With a fleet of over 80 vessels and 370+ pieces of equipment, the company serves ports like Kandla, Magdalla, Bhavnagar, and Puttalam.
IPO Snapshot
IPO Dates: August 19–21, 2025
Price Band: ₹240–₹252 per share
Lot Size: 58 shares
Minimum Investment: ₹13,920
Issue Size: ₹410.71 crore (100% fresh issue)
Listing Date: August 26, 2025 (BSE & NSE)
Lead Managers: Elara Capital & Beeline Capital
Registrar: Bigshare Services Pvt. Ltd.
Promoters: Ashokkumar Haridas Lal & Jitendra Haridas Lal.
Financial Highlights
- FY25 Revenue: ₹607.6 crore (↓17% YoY)
- FY25 Net Profit: ₹141.24 crore (↑13.4% YoY)
- GMP (Grey Market Premium): ₹31 as of August 13, indicating ~10% listing gain
IPO Objectives
- Fleet Expansion: ₹251.2 crore allocated for acquiring Supramax dry bulk carriers
- Debt Repayment: ₹23 crore
- General Corporate Use: Remaining funds
Risks to Watch
- Heavy reliance on top 10 customers (17.39% revenue from one client)
- Revenue decline despite profit growth
- No listed peers for direct comparison
Why You Might Consider Investing
1. Strong Industry Position: One of India’s leading integrated dry bulk logistics providers.
Long-standing relationships with institutional clients across energy, coal, FMCG, and metals.
2. Fleet Expansion & Asset Acquisition: ₹251.2 crore earmarked for acquiring Supramax vessels. Enhances operational capacity and cost efficiency.
3. Profit Growth Despite Revenue Dip: FY25 Net Profit: ₹141.24 crore (↑13.4% YoY). Indicates strong cost control and margin resilience.
4. Global Expansion Plans: Exploring overseas ports in West Africa, Bangladesh, and developed markets. Received LOI for floating crane facilities at Diamond Harbour (15-year contract).
5. Grey Market Premium (GMP): GMP of ₹25–₹31 suggests positive sentiment and potential listing gains.
