Shreeji Shipping Global IPO Sees 2.13 Times Subscription on Day 1

The Shreeji Shipping Global IPO has received a positive response from investors, with a subscription of 2.13 times on Day 1. The company is offering shares in a price band of Rs. 240 to Rs. 252 per share, with a minimum lot size of 58 shares. The issue size stands at Rs.410.71 crore, of which is entirely a fresh issue. Stay tuned for the latest updates on the Shreeji Shipping Global IPO subscription status as the offering progresses.

Shreeji Shipping Global IPO Subscription Status - Day 1

The Shreeji Shipping Global IPO has received a solid response from investors, with an overall subscription of 2.13x on Day 1. The Retail Category Investors subscribed at 2.13x, while Non-Institutional Investors (NIIs) showed strong demand with a subscription of 3.54x. Qualified Institutional Buyers (QIBs) were comparatively moderate, subscribing at 1.09x.

Company Overview of Shreeji Shipping Global IPO 

The company is the flagship entity of the Jamnagar-based Shreeji Group and a leading provider of integrated shipping and logistics solutions for dry bulk cargo across India and Sri Lanka. With a legacy spanning more than three decades, it has earned a strong reputation in cargo handling, transportation, fleet chartering, equipment rentals, and allied port services.

The company operates a diversified fleet of over 80 vessels—including barges, mini bulk carriers (MBCs), tugboats, and floating cranes, along with more than 370 earthmoving and material handling equipment such as excavators, pay loaders, trailers, tippers, and tankers. This extensive infrastructure enables efficient handling of large-scale port operations and seamless logistics support.

With a strategic focus on non-major ports and jetties along India’s West Coast, the company has extended its services to more than 20 locations, including Kandla, Navlakhi, Magdalla, Bhavnagar, Bedi, and Dharmatar, as well as the overseas Puttalam Port in Sri Lanka.

The company’s service portfolio includes Ship-to-Ship (STS) lighterage, stevedoring, cargo management, and port services, complemented by comprehensive transportation solutions such as port-to-premise and premise-to-port cargo movement. 

Strengths and Risks of Shreeji Shipping Global IPO

Let’s dive into the strengths and risks to assess if the Shreeji Shipping Global IPO is good or bad for investors.

Strengths: 

• The company operates a large fleet of 80+ vessels and 370+ earthmoving equipment, enabling efficient handling of high cargo volumes.

• The company has a strong strategic focus on non-major ports along India’s West Coast, while also serving major ports like Kandla and overseas locations such as Puttalam Port in Sri Lanka and previously Guinea in West Africa.

• The company derives the majority of its revenue from India (92.84% in FY 2025), with additional contributions from Sri Lanka (7.16%).

• The company has built a trusted brand, maintaining long-term relationships with 8 of its top 10 customers that have been associated for over five years.

• The company provides end-to-end integrated services, including STS lighterage, stevedoring, cargo management, transportation, fleet chartering, and equipment rentals.

• The company serves a diverse customer base across Oil & Gas, Energy & Power, FMCG, Coal, and Metal industries, with 92%+ of revenues consistently generated from existing clients.

• The company owns and maintains its vessels and equipment through in-house teams, ensuring operational efficiency, cost optimization, and high reliability.

Risks:

• The company derived 20.86%, 15.20%, and 16.83% of its revenue in Fiscal 2025, 2024, and 2023 respectively from its largest customer. Any reduction in business or loss of this client could materially impact revenues, cash flows, and financial performance.

• A significant portion of revenue is concentrated among the top 10 customers, contributing 64.12% in Fiscal 2025, 68.79% in Fiscal 2024, and 75.87% in Fiscal 2023. The loss of any of these relationships could adversely affect operations.

• Revenue is heavily linked to the performance of sectors such as Oil & Gas, Energy & Power, and Coal, which together contributed 54.11% in Fiscal 2025, 49.51% in Fiscal 2024, and 46.15% in Fiscal 2023. A downturn in these industries could reduce demand for services.

• The company’s revenue is predominantly dependent on cargo handling. Failure to achieve desired operating margins in this segment may negatively affect financial results.

• The company faces intense competition from both domestic and international logistics providers, which may impact its market share and profitability.

• The company is exposed to risks associated with cargo transportation, including potential claims for loss or damage to cargo and personal injury. Not all such risks may be adequately covered by insurance.

Shreeji Shipping Global IPO Details

• IPO Date: 19 to 21 August, 2025

• Issue Price: Rs 240 to Rs 252 per share

• Lot Size: 58 Shares

• Total Issue Size: Rs 410.71 crore

• Tentative Allotment Date: August 22, 2025

• Tentative Listing Date: August 26, 2025

How to Apply for Shreeji Shipping Global IPO

• Visit the Rupeezy app or Rupezy DOCK.

• Navigate to the IPO section on the Home Page

• Here, you can view all the IPOs with details such as market lot, minimum bid quantity, price range, and analysis.

• You can read the Red Herring Prospectus for the issue details.

• Click on Apply.

• Enter your UPI ID for payment & place the bid.

• While placing the bid, enter the cutoff price or desired price in the range specified. Select quantity as per lot size. 

• Submit to complete the order.