Shreeji Shipping Global Ltd (SSGL), a leading integrated shipping and logistics solutions provider in India, is set to launch its Initial Public Offering (IPO) on Tuesday, 19 August 2025. The IPO will close on Thursday, 21 August 2025, with anchor investor bidding scheduled for Monday, 18 August 2025. The price band has been fixed between ₹240 and ₹252 per equity share of face value ₹10 each, with the floor price being 24 times and the cap price 25.2 times the face value. Bids can be placed for a minimum of 58 equity shares and in multiples thereafter.
IPO Structure and Fund Utilization
The issue consists of a 100% fresh issue of 16,298,000 equity shares. The company plans to utilize the net proceeds from the IPO for acquiring dry bulk carrier vessels, pre-payment or repayment of certain borrowings, and general corporate purposes. The expected investment in vessels is ₹251.18 crore, with ₹23 crore allocated for debt repayment. This strategic capital raise is intended to enhance the company’s fleet and operational efficiency as it aims to scale its presence in key logistics sectors.
Strong Operational Footprint and Financial Performance
As of March 31, 2025, SSGL operates over 80 vessels and 370+ earthmoving equipment, servicing more than 20 ports across India and Sri Lanka. It caters to major sectors such as oil & gas, energy, FMCG, coal, and metals. Key clients include Adani Enterprises, UltraTech Cement, ArcelorMittal Nippon Steel, and others. The company reported robust financials in FY25, with revenue of ₹6,076.13 million, EBITDA of ₹2,006.82 million, and a net profit of ₹1,412.37 million.
Expansion Plans and Industry Positioning
Shreeji Shipping has received a Letter of Intent for a 15-year contract to establish floating crane facilities at Diamond Harbour under Syama Prasad Mookerjee Port. It also secured a 25-year coal mining order from Eastern Coalfields Ltd, worth ₹8,030.79 crore (excluding GST). With no direct listed peers in India or globally, SSGL positions itself as a niche player with a diversified service model, extensive fleet, and growing client base.
Listing and Book Building Details
The IPO is being made through the Book Building Process as per SEBI ICDR Regulations, with allocations to QIBs, Non-Institutional Investors, and Retail Individual Bidders. A minimum of 35% is reserved for retail investors. The equity shares are proposed to be listed on BSE and NSE, with BSE as the designated stock exchange. Beeline Capital Advisors and Elara Capital are the Book Running Lead Managers to the issue. Interested investors can refer to the Red Herring Prospectus (RHP) for complete details.
