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SHREEJISPG IPO

Shreeji Shipping Global Limited
Start Date19-08-2025
Application Timing10am-5pm
Price Range₹240 - ₹252
Min Qty58
Min. Investment₹13920
Listing Date26-08-2025
Close Date21-08-2025

About Shreeji Shipping Global Limited

Incorporated in 1995, Shreeji Shipping Global Ltd is an integrated shipping and logistics company specializing in dry-bulk cargo handling. The company primarily operates across non-major ports and jetties along the west coast of India and Sri Lanka.

Shreeji Shipping Global provides services at more than 20 ports and jetties, including Kandla, Navlakhi, Magdalla, Bhavnagar, Bedi, Dharmatar, and Puttalam. Its diversified services include cargo handling, transportation, fleet chartering, and equipment rentals.

As of March 31, 2025, the company operates a fleet of over 80 vessels, including barges, mini bulk carriers, tugboats, and floating cranes. It also manages a portfolio of 370+ earthmoving machines for material handling and transportation. With over 1173 permanent employees, Shreeji Shipping serves key industries such as Oil & Gas, Energy, FMCG, and Metals.

Why To Invest in Shreeji Shipping Global Limited

Strong Industry Position: Shreeji Shipping is a prominent player in the dry-bulk cargo logistics sector.
Diversified Services: Offers integrated logistics solutions covering cargo handling, transportation, and fleet management.
Long-Term Customer Relationships: Strong institutional ties across key sectors.
Fleet Strength: Ownership of a large fleet and heavy equipment ensures operational efficiency.
Financial Growth: Despite a dip in revenue in FY25, PAT increased by 13% YoY, highlighting profitability.
Attractive KPIs: ROE at 42.91% and EBITDA margin at 33.03% reflect strong financial performance.
Utilization of IPO Proceeds: Focused on acquiring new vessels and reducing debt, which may enhance operational capacity and balance sheet strength.

Financial Table
Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 758.58 610.65 600.92
Total Income 610.45 736.17827.33
Profit After Tax 141.24124.51 118.89
EBITDA200.68197.89188.71
Net Worth 343.17315.18255.81
Reserves and Surplus 196.55315.08255.71
Total Borrowing 256.47158.88175.45
Strengths And Risks
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Established Brand in Shipping & Logistics: Shreeji Shipping Global is a well-recognized player in India’s integrated shipping and logistics industry with decades of operational experience.
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Strong Operational Network: The company operates across more than 20 ports and jetties, ensuring wide geographical reach and service reliability.
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Proven Financial Growth: Despite fluctuations in revenue, the company has consistently maintained profitability, showcasing resilience in its financial performance.
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Experienced Leadership: Backed by highly experienced promoters and a committed management team, the company benefits from strong industry expertise.
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Large Fleet Capacity: With a fleet of over 80 vessels and more than 370 material handling machines, the company ensures efficient cargo handling and transportation.
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Strong Financial Ratios: Key financial indicators such as ROE of 42.91% and PAT margin of 23.24% reflect strong operational efficiency and profitability.
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Decline in Revenue: The company’s revenue fell by 17% in FY25 compared to FY24, raising concerns over growth sustainability.
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High Borrowings: Total borrowings increased to Rs. 256.47 crore in FY25, indicating higher debt obligations that may impact future profitability.
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Industry Cyclicality: The company operates in sectors like oil, energy, and metals, which are highly cyclical and vulnerable to global economic conditions.
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Earnings Dilution: Post-IPO, EPS is expected to dilute from Rs. 9.63 to Rs. 8.67, which may affect investor valuations.
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Dependence on Non-Major Ports: A large portion of operations is focused on non-major ports, which may limit scalability compared to competitors operating at major ports.
FAQs
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