Shreeji Shipping Global IPO: Big Opportunity for Investors, Check GMP, Price Band and Expert Insights
Shreeji Shipping Global IPO Overview
Shreeji Shipping Global has announced its Initial Public Offering (IPO), which is fully a fresh issue of 1.63 crore equity shares.
Through this offering, the company aims to raise around ₹411 crore from the public market. Importantly, this IPO does not include any Offer for Sale (OFS) component, meaning all the proceeds will go directly into company growth and expansion.
Business Model and Operations
According to Swastika Investmart, Shreeji Shipping Global operates in the shipping and logistics sector, with a strong focus on dry bulk cargo services.
The company manages operations across 20 ports and jetties in India and also runs one port in Sri Lanka.
While revenue has shown a downward trend in the past few years, the company’s profitability has improved due to strong cost management strategies and specialized service offerings.
Based on the latest financial results, analysts consider the IPO valuation reasonable and attractive for investors with a medium to long-term horizon.
Utilization of IPO Proceeds
The company plans to utilize the IPO funds strategically for expansion and debt reduction:
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₹251.2 crore will be allocated for acquiring dry bulk carriers in the supramax category from the secondary market.
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₹23 crore will be used to repay existing debt.
This move will help Shreeji Shipping Global strengthen its shipping fleet and reduce its financial liabilities.
IPO Lead Managers
The public issue is being managed by:
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Beeline Capital Advisors Pvt Ltd
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Elara Capital (India) Pvt Ltd
Shreeji Shipping Global IPO GMP Today
As per the latest updates, the Grey Market Premium (GMP) of Shreeji Shipping Global IPO is +₹37.5. This indicates that shares are trading ₹37.50 above the issue price in the unofficial grey market.
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IPO Price Band: ₹255 per share
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Estimated Listing Price: ₹292.5 per share
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Listing Gain: Around 14.71% higher than the IPO price
Over the last 12 trading sessions, the GMP has shown a consistent upward trend, reflecting strong investor demand. The minimum GMP recorded was ₹0.00, while the maximum touched ₹30, signaling robust listing expectations.
Expert Opinions
Market experts suggest that while revenue performance has been soft, the company’s strong profitability and efficient strategies provide confidence.
With the IPO valuation being reasonable, investors with a medium or long-term perspective may find this IPO a worthwhile investment opportunity.
FAQs on Shreeji Shipping Global IPO
Q1. What is the size of Shreeji Shipping Global IPO?
The IPO consists of a fresh issue of 1.63 crore equity shares, aiming to raise ₹411 crore.
Q2. Does this IPO include an Offer for Sale (OFS)?
No, the IPO is a pure fresh issue with no OFS component.
Q3. What is the GMP of Shreeji Shipping Global IPO today?
The current GMP is +₹37.5, which suggests a strong premium in the grey market.
Q4. What will be the estimated listing price?
At the upper price band of ₹255 and with a GMP of ₹37.5, the estimated listing price is around ₹292.5 per share.
Q5. Should investors apply for this IPO?
Analysts believe it is suitable for investors with a medium to long-term outlook, given its strong profitability and expansion plans.