Latest news with #ShreejiShippingGlobal
Mint
14 hours ago
- Business
- Mint
Shreeji Shipping Global IPO: From subscription information to financials, here are 10 key things to know from the RHP
Shreeji Shipping Global IPO: From subscription information to financials, here are 10 key things investors must know from the RHP before subscribing Shreeji Shipping Global's initial public offering (IPO) begins subscriptions on August 19, 2025, and ends on August 21, 2025. The allotment for the Shreeji Shipping Global IPO is expected to be completed on August 22, 2025. Shreeji Shipping Global IPO has a book build of ₹ 410.71 crores. The issue is totally a fresh issue of 1.63 crore shares worth ₹ 410.71 crore. The Shreeji Shipping Global IPO price band is set from ₹ 240.00 to ₹ 252.00 per share. The lot size for an application is 58. Considering lot size and price band, the minimum investment for retail is ₹ 13,920 (58 shares). The lot size investment for small NII is 14 lots (812 shares) worth ₹ 2,04,624, while for big NII it is 69 lots (4,002 shares) for ₹ 10,08,504. Shreeji Shipping Global IPO will list on the BSE and NSE, with a tentative listing date of August 26, 2025. Shreeji Shipping Global Limited, founded in 1995, is a shipping and logistics firm focused on dry-bulk cargo. Shreeji Shipping Global specializes in non-major ports and jetties, particularly along India's west coast and in Sri Lanka. The company has served more than 20 ports and jetties, including Kandla, Navlakhi, Magdalla, Bhavnagar, Bedi, Dharmatar, and Puttalam. The promoters of the company are Ashok Kumar Haridas Lal and Jitendra Haridas Lal. Shreeji Shipping Global Ltd.'s revenue fell by 17%, but profit after tax (PAT) increased by 13% during the fiscal years ended March 31, 2025, and March 31, 2024. Elara Capital (India) Pvt. Ltd. and Beeline Capital Advisors Pvt. Ltd. are the book running lead managers, while Bigshare Services Pvt. Ltd. is the issue registrar. Shreeji Shipping Global derives a significant portion of its revenue from operations from top ten customers, with our single largest customer contributing more than 17.39% of its revenue from operations in the six-month period ended September 30, 2024. Loss of any of these customers or a reduction in purchases by any of them could adversely affect its business, results of operations, and financial condition. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
&w=3840&q=100)
Business Standard
a day ago
- Business
- Business Standard
Shreeji Shipping fixes IPO price band at ₹240-252 for its ₹411 cr IPO
Shipping and logistics solutions provider Shreeji Shipping Global Ltd, which on Monday fixed the price band at Rs 240-252 per share for its Rs 411-crore initial public offering, said the company may look at more overseas ports to expand its marine assets business. The company also said it has received a Letter of Intent (LOI) for setting up floating crane facilities for cargo and container lightening/topping-up at Diamond Harbour and other deep-draft locations under Syama Prasad Mookerjee Port, Kolkata, for 15 years. Earlier, the Jamnagar (Gujarat)-based Shreeji Shipping Global said it has fixed a price band of Rs 240-252 per share for its Rs 411-crore IPO, which will hit the market on August 19. The company said it plans to use Rs 251.2 crore of the IPO proceeds for the acquisition of dry bulk carriers in the supramax category in the secondary market, and Rs 23 crore for repaying debt. "We will be exploring various ports where there is lighterage and minor port operations. So be it West Africa or Bangladesh or anywhere or in developed countries, wherever there is a need for our marine assets, we'll be heading there," Krishnaraj Lal, Director at Shreeji Shipping, told PTI. Globally, the company has its marine assets as per the client's requirements, he said, adding, "We can also build as per their telemetry requirement." Lighterage is the process of transferring cargo from one vessel to another, typically from a larger "mother" vessel to a smaller vessel such as a barge or mini bulk carrier. This ship-to-ship transfer method is used to load or unload cargo efficiently, allowing larger vessels to offload some of their cargo to navigate shallower waters or reach ports with draft restrictions. The company focuses on non-major ports and jetties, particularly along the west coast of India, providing shipping and logistics solutions for dry bulk cargo at various ports and jetties in the domestic market as well as Sri Lanka. As of March 31 this year, it was operating a fleet of over 80 vessels, including barges, mini bulk carriers, tug boats and floating cranes, along with over 370 earthmoving equipment, serving over 20 ports including Kandla, Navlakhi, Magdalla, Bhavnagar, Bedi, Dharmatar and Puttalam Port in Sri Lanka. Leveraging its industry expertise and extensive transportation network, it caters to sectors such as Oil & Gas, Energy & Power, FMCG, Coal and Metals, offering end-to-end single-window services that enhance customer convenience and drive revenue growth. "We are planning to expand with port specific vessels as per the draft restrictions of the ports. We will be expanding our fleet and we'll be constructing the fleet in such a way that it gets accumulated and accommodated in the port but also at the same time the client gets the benefit of economies of scale. " So the overall objective of this IPO is to construct more and more fleets which can reduce the logistic costs of the end user," Lal said. He said that the company was only diluting 10 per cent as of now, and "we are planning to do an added arm by purchasing a few vessels like the Supramax size class of vessels and other coastal vessels and use this fund in building new vessels." "Also, in future, we will be raising funds for making new waterfronts, which can reduce the cost of the industry and create more volumes and its utility also," he said. In addition, the company is planning to enter into the coal mining business with a consortium of partners, for which it has secured an order from Eastern Coalfields Limited valued over a period of 25 years (contract period), it said.
Mint
2 days ago
- Business
- Mint
Shreeji Shipping Global IPO: Price band set at ₹240-252 per share; check key dates, issue details, more
Shreeji Shipping Global IPO price band has been fixed in the range of ₹ 240 to ₹ 252 per equity share of the face value of ₹ 10. The Shreeji Shipping Global IPO date of subscription is scheduled for Tuesday, August 19 and will close on Thursday, August 21. The allocation to anchor investors for the Shreeji Shipping Global IPO is scheduled to take place on Monday, August 18. The floor price and the cap price are 24 times and 25.2 times the face value of the equity shares, respectively. The Shreeji Shipping Global IPO lot size is 58 equity shares and in multiples of 58 equity shares thereafter. Shreeji Shipping Global IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. Tentatively, Shreeji Shipping Global IPO basis of allotment of shares will be finalised on Friday, August 22 and the company will initiate refunds on Monday, August 25 while the shares will be credited to the demat account of allottees on the same day following refund. Shreeji Shipping Global share price is likely to be listed on BSE and NSE on Tuesday, August 26. Shreeji Shipping Global IPO will consist solely of a fresh issue totalling 1.6 crore shares. If priced at the upper limit, the total size of the issue will approximate ₹ 410.71 crore. Shreeji Shipping Global, the main entity of the Jamnagar-based Shreeji Group, primarily concentrates on non-major ports and jetties, especially along India's West Coast. The company intends to allocate ₹ 251.2 crore from the IPO proceeds for the purchase of dry bulk carriers in the Supramax category from the secondary market, and ₹ 23 crore will be used to reduce debt. The remaining funds will be dedicated to general corporate needs. Beeline Capital Advisors Pvt Ltd will serve as the book-running lead manager for the Shreeji Shipping Global IPO, while Bigshare Services Pvt Ltd will handle the registrar duties for the issue. Shreeji Shipping Global is engaged in the shipping and logistics sector, specializing in dry-bulk cargo. The company primarily targets non-major ports and jetties, particularly situated along the western coast of India and Sri Lanka. Shreeji Shipping Global has delivered services at more than 20 ports and jetties, including Kandla, Navlakhi, Magdalla, Bhavnagar, Bedi, Dharmatar, and Puttalam. Shreeji Shipping Global IPO GMP today is +9.5. This indicates Shreeji Shipping Global share price were trading at a premium of ₹ 9.5 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Shreeji Shipping Global share price was indicated at ₹ 261.5 apiece, which is 3.77% higher than the IPO price of ₹ 252. According to the most recent five sessions of grey market activity, today's IPO GMP is trending upwards and indicates a solid listing. The minimum GMP recorded is ₹ 0.00, while the maximum reaches ₹ 9.50, as noted by experts at 'Grey market premium' indicates investors' readiness to pay more than the issue price.
Economic Times
2 days ago
- Business
- Economic Times
Shreeji Shipping sets IPO price band at Rs 240-252/ share
Shreeji Shipping Global Ltd, a provider of shipping and logistics solutions for dry bulk cargo, on Monday announced a price band of Rs 240 to Rs 252 per share for its Rs 411-crore initial public offering (IPO). ADVERTISEMENT The company's maiden public issue would be available for public subscription from August 19 to 21, and the one-day bidding for anchor investors is scheduled for August 18, according to a public announcement made by Shreeji Shipping. Shreeji Shipping Global's IPO is entirely a fresh issue of 1.63 crore equity shares with no offer-for-sale (OFS) component. At the upper-end of the price band, the company is expected to garner Rs 411 crore through the public issue. The company is planning to use Rs 251.2 crore out of the IPO proceeds for acquisition of dry bulk carriers in the supramax category in the secondary market, and Rs 23 crore for repaying debt. Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. The flagship company of Jamnagar-based Shreeji Group primarily focuses on non-major ports and jetties, particularly along the west coast of India. ADVERTISEMENT According to a D&B Report, cargo handled at ports in India is expected to grow at an annual rate of 10.80 per cent to 2,849 MMTs by fiscal year 2030, from 1,540 million metric tons (MMTs) in fiscal 2024. Unlock 500+ Stock Recos on App Ports in Gujarat are set to see even faster growth, with cargo expected to rise to 720 MMTs by fiscal 2030, from 317.20 MMTs in fiscal 2024, representing a 17.50 per cent annual growth rate. ADVERTISEMENT India has a long coastline with 12 major ports and 217 minor ports. Among these, 78 non-major ports handle cargo, while others are used for fishing. Beeline Capital Advisors Private Ltd and Elara Capital (India) Private Ltd are the book-running lead managers to Shreeji Shipping's public issue. ADVERTISEMENT Shares of the company are expected to begin trading on the bourses from August 26. So far this year, 44 mainboard companies have launched their IPOs. In addition, two more are lined up -- BlueStone Jewellery and Lifestyle opens its issue on August 11, followed by agro-based firm Regaal Resources on August 12. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Business
- Time of India
Shreeji Shipping sets IPO price band at Rs 240-252/ share
Shreeji Shipping Global Ltd , a provider of shipping and logistics solutions for dry bulk cargo, on Monday announced a price band of Rs 240 to Rs 252 per share for its Rs 411-crore initial public offering (IPO). The company's maiden public issue would be available for public subscription from August 19 to 21, and the one-day bidding for anchor investors is scheduled for August 18, according to a public announcement made by Shreeji Shipping. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Shreeji Shipping Global's IPO is entirely a fresh issue of 1.63 crore equity shares with no offer-for-sale (OFS) component. At the upper-end of the price band, the company is expected to garner Rs 411 crore through the public issue. The company is planning to use Rs 251.2 crore out of the IPO proceeds for acquisition of dry bulk carriers in the supramax category in the secondary market, and Rs 23 crore for repaying debt. Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Live Events The flagship company of Jamnagar-based Shreeji Group primarily focuses on non-major ports and jetties, particularly along the west coast of India. According to a D&B Report, cargo handled at ports in India is expected to grow at an annual rate of 10.80 per cent to 2,849 MMTs by fiscal year 2030, from 1,540 million metric tons (MMTs) in fiscal 2024. Ports in Gujarat are set to see even faster growth, with cargo expected to rise to 720 MMTs by fiscal 2030, from 317.20 MMTs in fiscal 2024, representing a 17.50 per cent annual growth rate. India has a long coastline with 12 major ports and 217 minor ports. Among these, 78 non-major ports handle cargo, while others are used for fishing. Beeline Capital Advisors Private Ltd and Elara Capital (India) Private Ltd are the book-running lead managers to Shreeji Shipping's public issue. Shares of the company are expected to begin trading on the bourses from August 26. So far this year, 44 mainboard companies have launched their IPOs. In addition, two more are lined up -- BlueStone Jewellery and Lifestyle opens its issue on August 11, followed by agro-based firm Regaal Resources on August 12.
