Shreeji Shipping Global IPO
Shreeji Shipping Global IPO Price Range is ₹240 - ₹252, with a minimum investment of ₹14,616 for 58 shares per lot.
Subscription Rate
58.097x
as on 21 Aug 2025, 07:46PM IST
Minimum Investment
₹14,616
/ 58 shares
IPO Status
Price Band
₹240 - ₹252
Bidding Dates
Aug 19, 2025 - Aug 21, 2025
Issue Size
₹410.71 Cr
Lot Size
58 shares
Min Investment
₹14,616
Listing Exchange
NSE
IPO Doc
Shreeji Shipping Global IPO Application Timeline
IPO Subscription Status
as on 21 Aug 2025, 07:46PM IST
IPO subscribed over
🚀 58.097x
This IPO has been subscribed by 21.94x in the retail category and 110.415x in the QIB category.
Subscription Rate
| Total Subscription | 58.097x |
| Retail Individual Investors | 21.94x |
| Qualified Institutional Buyers | 110.415x |
| Non Institutional Investors | 72.704x |
Shreeji Shipping Global IPO: What You Should Know
Considering Shreeji Shipping Global IPO? Watch this video to understand how the company operates in logistics and shipping, its financial health, strengths, and challenges, to help you take a well-informed call.
Objectives of IPO
- Shreeji Shipping Global Ltd is offering 16,298,000 new equity shares for a consideration of up to ₹410.71 crore via the IPO. This entire offering consists solely of a "Fresh Issue," meaning that all the money raised will go directly to the company for its business operations and not to existing shareholders.
- It plans to use ₹251.18 crore to buy large ships called "Dry Bulk Carriers" in the "Supramax category" from the secondary market. These are mid-sized ships with a capacity of 48,000-60,000 DWT (Dead Weight Tonnage), and the company is looking for vessels built between 2008 and 2012 with about 12 years of useful life remaining. This purchase is intended to grow its services, especially in providing complete end-to-end logistics solutions, and to improve its position in the market.
- The company will use ₹23 crore to repay some of its existing loans. As of March 31, 2025, the company's total borrowings stood at ₹256.47 crore, and its debt-to-equity ratio was 0.75. By paying down these loans, the company aims to reduce its overall debt and maintain a healthier debt-to-equity ratio.
- The remaining portion of the funds, which will not exceed 25% of the total money raised, will be used for general corporate purposes. This can include various day-to-day operational expenses like paying salaries, buying inventory, or covering short-term and long-term working capital needs.
Financial Performance of Shreeji Shipping Global
The company's revenue has dropped year-on-year to ₹610 crore in FY25 as compared to ₹736 crore in FY24 and ₹827 crore in FY23. This is a nearly 14% annual drop rate in revenue during the period. However, the company managed to grow its margins; as a result, its net profit surged to ₹141 crore in FY25 as compared to ₹119 crore in FY23.
Strengths and Risks
Strengths
It is a significant player in India's integrated shipping and logistics, supported by a substantial fleet of over 80 vessels and more than 370 earthmoving equipment as of March 31, 2025. This enables broad service delivery.
It maintains strong client relationships, with eight of its top 10 customers having over 5 years of engagement as of March 31, 2025. Key clients across various sectors include Reliance Industries, Adani Enterprises, Torrent Power, Tata International, and Agarwal Coal Corporation.
It provides comprehensive shipping solutions as a "single-window" service across over 20 ports and jetties. For FY25, cargo handling contributed 79.39% of revenue, transportation 11.78%, and fleet chartering and equipment rentals 7.80%.
The company demonstrates strong profitability, improving EBITDA margin to 33% and a profit margin to 23.2% in FY25, despite shrinking topline, reflecting operational efficiency.
Its promoters have a combined over 60 years of experience in the shipping and logistics industry. Their vision is crucial for growth and navigating complex market challenges.
Risks
The company’s revenue has show a 14.3% decline annually. From ₹827 crore in FY23, the operating revenue has shrank to ₹608 crore during the last financial year (FY25).
The company's largest customer accounted for 20.86% of its FY25 revenue, hile top 5, including Adani Enterprises, Agarwal Coal Corporation, Ceylon Shipping Corporation, etc, accounted for 50.8%. Losing these major clients could severely impact its financial results.
A significant portion of its revenue (54.11% in FY25) comes from Oil and Gas, Energy and Power, and Coal sectors, while Shipping and Logistics and FMCG formed 7.09% and 2.92%, respectively. Fluctuations in these industries could lead to reduced business.
As of March 31, 2025, it had total borrowings of ₹256.47 crore with a debt-to-equity ratio of 0.75. The borrowings have grown at an annual rate of 20.9% per year between FY23 to FY25.
As of March 31, 2025, the company had ₹413.14 crore in bank guarantees and ₹30.1 crore in tax litigations. These potential liabilities could become actual financial burdens.
How to Apply for Shreeji Shipping Global IPO on INDmoney
- Download the INDmoney app and complete your KYC.
- Go to INDstocks → IPO, or just search “IPO”.
- Tap on Shreeji Shipping Global IPO from the list of live IPOs.
- View key details like price band, lot size, and dates.
- Tap Apply Now and choose your number of lots.
- Use INDpay UPI for instant mandate tracking.
- Your funds will be blocked until the share allotment is finalized.
Shreeji Shipping Global Shareholding Pattern
| Promoters & Promoter Group | 100% | |
| Name | Role | Stakeholding |
| Ashokkumar Haridas Lal | Promoter | 46.5% |
| Jitendra Haridas Lal | Promoter | 46.5% |
| Kamalben Jitendrakumar Lal | Promoter Group | 2% |
| Krishnaraj Jitendrakumar Lal | Promoter Group | 1% |
| Deenaben Ashokkumar Lal | Promoter Group | 1% |
| Mitesh Ashokkumar Lal | Promoter Group | 1% |
| Viraj Ashokkumar Lal | Promoter Group | 1% |
| Others | 1% |
About Shreeji Shipping Global
The company primarily serves other businesses (B2B) in key sectors like Oil and Gas, Energy and Power, Fast Moving Consumer Goods (FMCG), Coal, and Metal. Its operations span over twenty ports and jetties, mainly along India's West Coast, and also in Sri Lanka. Shreeji Shipping served 106 customers in FY25, with 92.21% of that fiscal's revenue coming from existing clients. Long-standing relationships are a strong point, as 8 of its top 10 customers have over 5 years of association. However, it maintains significant reliance on top clients; its largest customer contributed 20.86% of FY25 revenue, and top 10 customers together provided 64.12%.
Recognized as a prominent player in India's integrated shipping and logistics sector, Shreeji Shipping's future strategy emphasizes cost optimization and improving operational efficiency. It plans to grow by expanding its services, including offering complete end-to-end logistics solutions. A key growth initiative is the acquisition of Dry Bulk Carriers in the Supramax category, aiming to boost its capabilities and competitive standing in the market.
Frequently Asked Questions of Shreeji Shipping Global IPO
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Who are the promoters of Shreeji Shipping Global?
Shreeji Shipping Global is promoted by Ashokkumar Haridas Lal and Jitendra Haridas Lal. They collectively own 93% of the company's shares, with each holding 46.5%.
Who are the competitors of Shreeji Shipping Global?
Shreeji Shipping Global operates in a competitive market, facing significant competition from domestic and international shipping and logistics players. However, the company states there are no listed peer group companies of comparable size in its specific industry, either in India or globally.
How does Shreeji Shipping Global make money?
Shreeji Shipping Global primarily makes money by offering integrated shipping and logistics solutions for dry bulk cargo. In FY25, cargo handling contributed 79.39% of its revenue, transportation 11.78%, and fleet chartering/equipment rentals 7.80%. It also provides other port services.