Company Overview
Founded in 1995 and headquartered in Jamnagar, Gujarat, Shreeji Shipping Global Ltd. is a leading dry-bulk cargo shipping and logistics company. The firm specializes in handling operations at non-major ports and jetties across India’s west coast and Sri Lanka.
The company provides:
- Cargo handling services – lightering, stevedoring, port cargo management
- Logistics & transportation – port-to-factory and factory-to-port cargo movement
- Fleet chartering & rentals – vessels, barges, tugboats, floating cranes
- Allied services – earthmoving machinery, scrap sales
Fleet Strength (as of FY25):
- 80+ vessels including barges, tugs, floating cranes
- 370+ earthmoving equipment (excavators, trailers, tankers)
- 1173+ employees across operations
Promoted by Ashokkumar Haridas Lal (CMD) and Jitendra Haridas Lal (JMD), the management brings 28+ years of industry expertise.
IPO Details
- Issue Size: ~₹411 crore (Fresh Issue)
- Price Band: ₹240 – ₹252 per share
- Lot Size: Retail investors can apply in multiples of the set lot size
- IPO Dates:
- Open: August 19, 2025
- Close: August 21, 2025
- Allotment: August 22, 2025
- Refund/ Debit: August 25, 2025
- Listing (BSE & NSE): August 26, 2025
- Funds Utilization:
- Acquisition of Supramax dry-bulk carriers
- Repayment of existing borrowings
- General corporate purposes
Financial Performance
| Metric | FY25 (₹ Cr) | FY24 (₹ Cr) |
|---|---|---|
| Revenue | 607.6 | 731.0 |
| EBITDA | 200.7 | 197.9 |
| PAT | 141.2 | 124.5 |
| Total Assets | 758.6 | 610.7 |
| Net Worth | 343.2 | 315.2 |
| Borrowings | 256.5 | 158.9 |
Ratios:
- ROE: 42.9%
- ROCE: 28.1%
- PAT Margin: 23.2%
- EBITDA Margin: 33%
- Debt-Equity Ratio: 0.75
Strengths
✅ Strong fleet & equipment network across Indian ports
✅ Decades of operational experience in dry-bulk logistics
✅ Diversified client base across Oil & Gas, Energy, Metals, FMCG
✅ Strong profit margins with consistent cash flows
Challenges
⚠️ Dependency on cyclical industries (Oil, Energy, Metals)
⚠️ High competition in port logistics & coastal shipping
⚠️ External risks like weather disruptions & global trade volatility
Market Impact & Investor Takeaway
The IPO of Shreeji Shipping Global Ltd. comes at a time when India is investing heavily in maritime infrastructure and port-led growth. With strong financial metrics, robust margins, and a focused utilization of IPO proceeds for fleet expansion, the company is well-positioned to ride the next wave of shipping demand.
📊 Retail Traders Note:
- Short-term investors may benefit from listing gains given GMP trends.
- Long-term investors should track global commodity cycles and fleet expansion efficiency before holding.
Subscription
| Investor | 19 Aug 2025 | 20 Aug 2025 | 21 Aug 2025 |
|---|---|---|---|
| Anchor | 1 | 1 | 1 |
| QIB | 1.09 | 2.42 | 110.41 |
| Non-Institutional | 3.54 | 11.22 | 72.49 |
| BNII | 3.77 | 9.60 | 72.84 |
| SNII | 3.06 | 14.47 | 71.77 |
| Retail | 2.13 | 6.99 | 20.88 |
| Total | 2.13 | 6.59 | 57.52 |
GMP Trend:
| Date | GMP |
|---|---|
| 19 Aug 2025 | ₹30 (11.90%) |
| 20 Aug 2025 | ₹35 (13.89%) |
| 21 Aug 2025 | ₹40 (15.87%) |
It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Patel Retail IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Patel Retail IPO or not.
How to Check IPO Allotment Status:
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NSE Website
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- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
BSE Webiste
To check IPO allotment status, follow the steps below:
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- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
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