Shreeji Shipping shares list at 8% premium to IPO Price on BSE

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Shreeji Shipping Global Ltd., is a leading provider of integrated shipping and logistics solutions for dry bulk cargo across India and Sri Lanka, has listed on at a premium of 8% to IPO price.

Shreeji Shipping Global IPO was a book build issue of ₹410.71 crores. The issue is entirely a fresh issue of 1.63 crore shares of ₹410.71 crore, with price band set at ₹252.00 per share. IPO closed on Aug 21, 2025. Beeline Capital Advisors Pvt. Ltd. is the book running lead manager

Anand Rathi further assigned a “Subscribe Long Term” to the IPO, and added, “Shreeji Shipping Global Limited is recognized as a leading and well established player in the field of integrated shipping and logistics services in India. The company has successfully built and maintained long-standing relationships with reputed institutional customers across several critical industries. Over the years, it has also developed a strong presence in cargo handling operations, particularly in the dry bulk cargo segment. In addition, the company’s operational strength is further reinforced by the advantage of owning and managing its own fleet, which enhances reliability, efficiency, and service delivery for its clients.

At the upper price band company is valuing at P/E of 28.5x to its FY25 earnings, with EV/EBITDA of 21.4x and market cap of ₹ 41,055 million post issue of equity shares.”

Shreeji Shipping Global Ltd is a leading provider of integrated shipping and logistics solutions for dry bulk cargo across India and Sri Lanka. With a fleet of over 80 vessels—including barges, mini bulk carriers, tugboats, and floating cranes—and more than 370 units of earthmoving and cargo-handling equipment, the company delivers end-to-end services in cargo handling, transportation, fleet chartering, and equipment rentals.

Founded in 1995, Shreeji Shipping Global carries forward a legacy of over three decades in the shipping and logistics sector. Promoted by industry veterans Ashokkumar Haridas Lal and Jitendra Haridas Lal, who bring more than 60 years of combined experience, the company has grown into a trusted partner for dry bulk cargo handling at both all-weather and seasonal ports.

While it operates at major ports such as Kandla, Shreeji Shipping Global’s core focus lies on non-major ports and jetties, particularly along India’s West Coast, as well as international operations at Sri Lanka’s Puttalam Port. By consistently handling over 15 million metric tonnes of cargo annually, the company continues to strengthen its position as a reliable and efficient shipping and logistics service provider.

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