Shreeji Shipping Global Subscription
Last updated on 21-Aug-2025 15:43:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 3259600 | 324753020 | 99.63 |
| HNIs | 2444700 | 176529670 | 72.21 |
| HNIs 10+ | 1629800 | 118518882 | 72.72 |
| HNIs 2+ | 814900 | 58010788 | 71.19 |
| Retail | 5704300 | 116675526 | 20.45 |
| Total | 11408600 | 617958216 | 54.17 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 2007 | 29046 | 14.47 |
| HNIs (2-10L) | 1004 | 69475 | 69.2 |
| Retail | 98350 | 1767480 | 17.97 |
| Total Applications: 1866001 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 82.14 | 8183.78 | 99.63 |
| FIIs | - | 1570.67 | - |
| DIIs | - | 4915.18 | - |
| Mutual funds | - | 60.66 | - |
| Others | - | 1637.27 | - |
| HNIs | 61.61 | 4448.55 | 72.21 |
| HNIs 10+ | 41.07 | 2986.68 | 72.72 |
| HNIs 2+ | 20.54 | 1461.87 | 71.19 |
| Retail | 143.75 | 2940.22 | 20.45 |
| Total | 287.5 | 15572.55 | 54.17 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹33.7 | @8% ₹38.5 | @9% ₹43.3 | @10% ₹48.1 | @11% ₹53 | @12% ₹57.8 |
Shreeji Shipping Global About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 58 | 14616 | 98350 |
| sHNI | 14 | 812 | 204624 | 1004 |
| bHNI | 69 | 4002 | 1008504 | 2007 |
IPO Details
| Total Issue Size | 16,298,000 shares (aggregating up to 411 Cr) |
| Fresh Issue | 16,298,000 shares (aggregating up to 411 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE , BSE |
| Share Holding Pre Issue | 14,66,20,254 shares |
| Share Holding Post Issue | 16,29,18,254 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not less than 15.00% of the Net Issue |
Key Performance Indicator (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 42.91% | 43.61% | 58.17% |
| ROCE | 28.09% | 35.33% | 38.05% |
| EPS (BASIC) | 9.83 | 8.89 | 8.49 |
| P/E Pre IPO | 26.16 | ||
| P/E Post IPO | 29.07 |
Company Financial In Crore
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 758.58 | 610.66 | 600.9 |
| Revenue | 607.62 | 731.01 | 826.99 |
| Profit After Tax | 141.23 | 124.51 | 118.88 |
| EBITDA | 200.68 | 197.89 | 188.71 |
| Net Worth | 343.17 | 315.18 | 255.8 |
| Reserves and Surplus | 196.55 | 315.08 | 255.7 |
| Total Borrowing | 256.47 | 158.89 | 175.45 |
COMPARISON WITH INDUSTRY PEERS
There are no listed peer group companies (i.e., companies of comparable size in the same industry), in India or globally (outside India) that engage in a business similar to that of the Company.
About Company
Business Focus: Shipping & logistics services specializing in dry-bulk cargo.
Geography: Operations primarily on the west coast of India & Sri Lanka, serving 20+ ports (e.g., Kandla, Navlakhi, Magdalla, Bhavnagar, Puttalam).
Core Services
- Cargo Handling:
Lightering (STS), Stevedoring, Cargo Management. - Transportation:
Port-to-premise logistics and vice versa for dry bulk cargo. - Fleet Chartering & Rentals:
Vessels, tugboats, floating cranes, and earthmoving machinery on a charter basis. - Other Income:
Sale of scrap and miscellaneous operational services.
Assets & Capacity
- Fleet: 75+ vessels (barges, MBCs, tugboats, floating cranes).
- Machinery: 380+ earthmoving machines (excavators, payloaders, trailers, etc.).
- Employees: 1000+ (as of Sept 2024).
Strength
Strong Asset Base : As of March 31, 2025, the company owns 80+ vessels and 370+ earthmoving equipment, enabling efficient dry bulk cargo operations across India and Sri Lanka.
Established Cargo Handling Expertise : With 30+ years of experience, the company offers a wide range of services including STS lightering, stevedoring, and cargo management, handling over 15.7 MMT cargo in Fiscal 2025.
In-House Operational Capabilities : Owns and maintains a fleet of barges, MBCs, tugs, cranes, and logistics machinery, supported by a dedicated in-house team of 94 technical staff for maintenance and repair.
Weakness
High Industry Dependency : Over 50% of revenue comes from customers in Oil & Gas, Energy, and Coal sectors. Any slowdown in these industries can directly impact business volume and client retention.
Reliance on Cargo Handling : A major portion of revenue depends on cargo handling operations. Inability to maintain expected profit margins may adversely affect financial performance.
Competitive Pressure : Faces intense competition from domestic and international logistics players, which may lead to market share loss and impact overall profitability and growth.
Shreeji Shipping Global Lead Manager(s)
Shreeji Shipping Global Address
Shreeji House,
Town Hall Circle,
Kalavad
Jamnagar, Gujarat, 361001
Phone: +91 288 2553331
Email: info@shreejishipping.in
Website: https://shreejishipping.in/