Shreeji Shipping IPO Date, Review, Price and Key Information

Shreeji Shipping IPO is fully book build issue and it is fully fresh issue. The total offering consists of 2 crore shares.

The dates for the Shreeji Shipping IPO have not been announced yet.

The allotment process is expected to be finalized by [.]. The Shreeji Shipping IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].

The price band for the Shreeji Shipping IPO has not been announced yet.

Registrar for this IPO is Bigshare Services Private Limited and lead managers for Shreeji Shipping IPO are Beeline Capital Advisors Private Limited, Elara Capital (India) Private Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹10 Per Equity Share
Total Issue Size	20,000,000 Shares
Fresh Issue	20,000,000 Shares
Issue Type	Fresh Issue
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

About Shreeji Shipping Company

Shreeji Shipping Global Limited, founded in 1995 and incorporated as a limited company in 2024, is a leading provider of integrated shipping and logistics solutions for dry bulk cargo. With over two decades of experience, the company handles approximately 14 million tonnes of dry bulk cargo at anchorage across the West Coast of India, Sri Lanka and West Africa.

The company's core focus is lighterage operations at anchorage, efficiently handling materials like coal, clinker, and iron ore across 21 ports and terminals. As of September 30, 2024, Shreeji Shipping boasts a fleet of 76 vessels, including self-propelled barges, mini-bulk carriers, motor tugs, and floating cranes, alongside 384 earthmoving equipment units.

Shreeji Shipping is committed to innovation and cost-efficiency, exemplified by the establishment of state-of-the-art environmental safeguards at sulphur handling terminal for Reliance Industries Limited (RIL). The company's key clients include industry giants such as Reliance Industries Limited, Adani Enterprise Limited, and ArcelorMittal Nippon Steel India Limited(AM/NS) . With a strong focus on non-major ports and jetties along India's West Coast, Shreeji Shipping is strategically positioned for continued growth and market dominance.

Shreeji Shipping Financial Details

Particulars	Sep 2024	Mar 2024	Mar 2023	Mar 2022
Assets	756.38	643.66	629.45	587.23
Revenue	300.98	736.17	827.33	572.62
Profit After Tax	80.54	124.51	118.89	83.46
Net Worth	306.18	285.5	204.39	91.83
Total Borrowing	264.54	158.88	175.45	234.97

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
8.49	43.61%	21.50	0.50

Offer Objectives

The company plans to utilize the net proceeds from its fresh issue of Equity Shares for several key objectives. A significant portion, ₹289.434 crore, is earmarked for the Acquisition of Dry Bulk Carriers in the Supramax category through the secondary market. Another ₹19.507 crore is allocated for the Pre-payment/ re-payment of certain outstanding company borrowings.

The remaining net issue proceeds will be used for General Corporate Purposes. It's specified that the amount allocated for general corporate purposes will not exceed 25% of the gross proceeds. The details and the exact amount will be finalized upon determination of the issue price and will be updated in the Prospectus before filing with the RoC.

In addition to the specific financial objectives, the company anticipates several benefits from the listing of its equity shares on the stock exchanges, including an enhancement of its visibility and brand image, and the creation of a public market for its equity shares in India. These activities align with the company's Memorandum of Association.