Here’s a full and detailed summary of the Shreeji Shipping Global Limited IPO, based on the latest filings, media reports, and official disclosures.
Industry: Shipping & logistics solutions for dry bulk cargo, focused on non-major ports along India’s west coast and select international ports like Puttalam (Sri Lanka).
IPO Timeline
| Event | Date |
|---|---|
| Anchor Investor Bidding | August 18, 2025 |
| IPO Opens for Bidding | August 19, 2025 |
| IPO Closes for Bidding | August 21, 2025 |
| Basis of Allotment | August 22, 2025 |
| Refund Initiation | August 25, 2025 |
| Shares Credited to Demat | August 25, 2025 |
| Listing Date | August 26, 2025 |
IPO Details
- Type: 100% fresh issue — no offer-for-sale component
- Issue Size: Approximately ₹410–411 crore, via ~1.63–1.63 crore shares at the upper price band
- Face Value: ₹10 per equity share
- Price Band: ₹240–₹252 per share
- Lot Size (Retail): 58 shares per lot; minimum investment ~₹13,920
- Issue Type: Bookbuilding IPO
- Listing At: BSE, NSE
- Share Holding Pre Issue: 14,66,20,254 shares
- Share Holding Post Issue: 16,29,18,254 shares
GMP of Shreeji Shipping Global Limited IPO
Here’s the latest update on the Grey Market Premium (GMP) for the Shreeji Shipping Global Limited IPO:
Summary Table
| Platform / Source | GMP Value | Notes |
|---|---|---|
| LiveMint | ₹9.50 | Implies estimated listing at ₹261.50 |
| InvestorGain / IPO Central | Not specified / ₹252 mention | Likely referencing price band, not GMP |
| Other Sources | No data yet | GMP not yet published or still evolving |
What This Means
- A GMP of ₹9.50 signals strong investor sentiment and positive anticipation around the IPO.
- The expected listing price of ₹261.50 suggests a potential ~3.8% gain over the upper issue price (₹252).
- But, remember: GMP is speculative and unofficial. It is derived from over-the-counter sentiment—not a regulated or guaranteed indicator.
Promoters of Shreeji Shipping Global Limited
Here are the promoters of Shreeji Shipping Global Limited along with detailed profiles based on official sources:
1. Ashokkumar Haridas Lal
- Role: Chairman & Managing Director
- Experience: Approximately 28–30 years in the shipping and logistics industry
- Education: Up to matriculation level
- Other Roles: Director at Jamnagar District Cooperative Bank
2. Jitendra Haridas Lal
- Role: Joint Managing Director
- Education: Bachelor’s degrees in Science (Mathematics) and Law from Saurashtra University
- Experience: Around 28–30 years in the shipping and logistics industry
- Other Roles: Chairman of Jamnagar District Cooperative Bank; Former President of the Jamnagar Chamber of Commerce & Industries and the Seeds and Grain Merchants Association
- Involvement: A key promoter since inception
Summary Table
| Promoter Name | Role | Experience | Additional Roles |
|---|---|---|---|
| Ashokkumar Haridas Lal | Chairman & Managing Director | ~28–30 years | Director at Jamnagar District Cooperative Bank |
| Jitendra Haridas Lal | Joint Managing Director | ~28–30 years | Chairman at Jamnagar District Cooperative Bank; Former President of local industry bodies |
Shreeji Shipping Global Limited IPO Lot Size
Here’s the lot size information for the Shreeji Shipping Global Limited IPO, presented in a clear and structured manner:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 58 | ₹14,616 |
| Retail (Max) | 13 | 754 | ₹1,90,008 |
| S-HNI (Min) | 14 | 812 | ₹2,04,624 |
| S-HNI (Max) | 68 | 3,944 | ₹9,93,888 |
| B-HNI (Min) | 69 | 4,002 | ₹10,08,504 |
Shreeji Shipping Global Limited IPO Promoter Holding
Here are the pre-IPO promoter holdings for Shreeji Shipping Global Limited, based on credible IPO data:
| Promoter Name | Pre-Issue Shares | Pre-Issue % Holding |
|---|---|---|
| Ashokkumar Haridas Lal | 68,178,418 | 46.5% |
| Jitendra Haridas Lal | 68,178,418 | 46.5% |
| Deenaben Ashokkumar Lal | 1,466,203 | 1.0% |
| Mitesh Ashokkumar Lal | 1,466,203 | 1.0% |
| Viraj Ashokkumar Lal | 1,466,203 | 1.0% |
| Ashok Lal family beneficiary | 733,100 | 0.5% |
| Kamalben Jitendrakumar Lal | 2,932,405 | 2.0% |
| Krishnaraj Jitendrakumar Lal | 1,466,204 | 1.0% |
| Jitendra Lal family beneficiary | 733,100 | 0.5% |
Together, these entities account for the entire promoter shareholding of 100% prior to the IPO—there is no Offer for Sale (OFS) component, so promoter shares remain intact post-IPO.
Summary
The promoters—mainly the Lal family—collectively retain full ownership of the company pre-IPO. Since the IPO is a 100% fresh issue, these holdings are not diluted and continue to encompass 100% of the issued equity.
About Shreeji Shipping Global Limited
Origins & Evolution
- The company began as a partnership firm named M/s Shreeji Shipping in 1995. It transitioned to a private limited entity in April 2024, and shortly thereafter—by November 2024—became Shreeji Shipping Global Limited, as approved by shareholders.
Vision & Mission
- With a goal of becoming a leading port-based services provider, the firm emphasizes client-centric operations driven by innovative infrastructure and a professionally skilled workforce.
Business Operations
Service Portfolio
- Cargo Handling: Ship-to-ship lightering, stevedoring, and cargo management.
- Transportation: End-to-end dry bulk logistics from port to premises and vice versa.
- Fleet Chartering & Equipment Rentals: Leasing vessels (e.g., barges, tugs) and heavy machinery (over 370+ machines).
- Ancillary Income: Scrap sales and miscellaneous operational services.
Scale & Presence
- Operates a fleet of 75–80+ vessels, including barges, mini bulk carriers, tugboats, and floating cranes (as of early 2025).
- Services over 20 ports and jetties along India’s west coast and international locations like Puttalam Port in Sri Lanka.
Client Coverage
- Maintains strong relationships in Oil & Gas, Energy, FMCG, Coal, and Metals sectors, with more than 90% of FY25 revenue from repeat clients.
Summary Table
| Category | Details |
|---|---|
| Founded | 1995 (partnership), became public limited in 2024 |
| Services | Cargo handling, transport, fleet/equipment rentals, ancillary services |
| Fleet & Equipment | 75–80+ vessels, 370+ earthmoving machines |
| Geography | Operates across 20+ India ports and Sri Lanka’s Puttalam port |
| Key Sectors | Oil & Gas, Energy, FMCG, Coal, Metals |
| Competitive Edge | Integrated capabilities, regional dominance, strong client ties |
Shreeji Shipping Global Limited Financial Information
Here’s a consolidated breakdown of Shreeji Shipping Global Limited financial performance, as disclosed in its IPO documentation and credible financial sources:
| Period Ended | 31 Mar 2025 | Mar 31 2024 | 31 Mar 2023 |
| Assets | ₹758.58 Crore | ₹610.65 Crore | ₹600.92 Crore |
| Total Income | ₹610.45 Crore | ₹736.17 Crore | ₹827.33 Crore |
| Profit After Tax | ₹141.24 Crore | ₹124.51 Crore | ₹118.89 Crore |
| EBITDA | ₹200.68 Crore | ₹197.89 Crore | ₹188.71 Crore |
| Net Worth | ₹343.17 Crore | ₹315.18 Crore | ₹255.81 Crore |
| Reserves and Surplus | ₹196.55 Crore | ₹315.08 Crore | ₹255.71 Crore |
| Total Borrowing | ₹256.47 Crore | ₹158.88 Crore | ₹175.45 Crore |
Key Insights:
- Revenue Trend: Declined from ₹826.99 crore in 2022–2023 to ₹607.60 crore in 2024–2025, indicating headwinds in topline growth.
- Profitability: EBITDA and PAT both improved steadily, with EBITDA margin rising from 22.82% to 33.03%, and PAT margin from 14.38% to 23.24%.
Key Performance Indicator (KPI)
Here are the Key Performance Indicators (KPIs) for Shreeji Shipping Global Limited as presented in its IPO documents:
| KPI | Values |
|---|---|
| ROE | 42.91% |
| ROCE | 28.09% |
| Debt/Equity | 0.75 |
| RoNW | 42.91% |
| PAT Margin | 23.24% |
| EBITDA Margin | 33.03% |
| Price to Book Value | 10.76 |
Strengths of Shreeji Shipping Global Limited IPO
Strong Integrated Logistics Model
Shreeji provides end-to-end shipping and logistics solutions—cargo handling, transportation, fleet chartering, and equipment rentals—especially at non-major ports along India’s west coast and Sri Lanka.
Robust Asset Base & Operational Capability
As of late 2024, the company operated over 75–80 vessels and maintained more than 370–380 earthmoving machines, backed by a skilled in-house team of technicians for efficient maintenance.
Loyal Institutional Clientele
Over 92% of FY25 revenue came from repeat customers across key sectors such as Oil & Gas, Energy, FMCG, Coal, and Metals—highlighting strong client trust and retention.
Seasoned Promoters & Professional Management
The company benefits from decades of leadership experience, and Crisil notes it has a sound financial profile with moderate leverage, strong interest coverage, and healthy cash accruals.
Risks of Shreeji Shipping Global Limited IPO
Customer Concentration
The top ten clients contribute a substantial part of total revenue, with the largest single client accounting for over 17.39% of revenue in just one half-year period.
High Exposure to Economic Cycles & Working Capital Needs
Being in logistics, revenue and demand are heavily tied to global and domestic trade volumes. Additionally, it holds high gross current assets—114–154 days, estimated at 135 days—reflecting large working capital requirements.
Geographic Concentration and Port Dependency
A majority of operations are limited to a specific region (India’s west coast and Sri Lanka). Any local disruptions—like competition from major ports, weather events, or regulatory changes—could significantly affect operations.
Competitive & Market Pressures
The highly fragmented logistics and shipping industry exposes the company to stiff competition, pricing pressure, and geopolitical or trade-related risks.
Summary Table
| Strengths | Risks |
|---|---|
| Integrated service provider with strong asset base | High client concentration (top customer >17% revenue) |
| Large fleet and equipment capabilities | Reliance on trade cycles and extensive working capital |
| Long-term institutional client relationships | Geographic concentration in limited port networks |
| Experienced promoters and strong financial metrics | Intense competition and exposure to external disruptions |
Shreeji Shipping Global Limited Contact Details
Here are the official contact details for Shreeji Shipping Global Limited, including its corporate office and IPO-related registrar:
Corporate Contact – Shreeji Shipping Global Limited
| Contact Type | Details |
|---|---|
| Registered & Corporate Office | Shreeji House, Town Hall Circle, Kalavad, Jamnagar – 361001, Gujarat, India |
| Phone | +91-288-2553331 (also +91-288-2673331 as an alternate) |
| info@shreejishipping.in | |
| Website | www.shreejishipping.in |
PO Registrar – Bigshare Services Pvt. Ltd.
| Contact Type | Details |
|---|---|
| Address | S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, Andheri East, Mumbai – 400093 |
| Phone | +91-22-6263 8200 |
| investor@bigshareonline.com | |
| Website | www.bigshareonline.com |
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