Shreeji Shipping Global IPO Review – Date, Price, GMP, Analysis – Should You Subscribe or Avoid?

Shreeji Shipping Global Limited is coming out with its Initial Public Offering (IPO), aiming to raise ₹410.71 crores through a fresh issue. The company operates in the integrated shipping and logistics sector, focusing on dry-bulk cargo services at various ports and jetties across India and Sri Lanka. In this article, we will do a detailed Shreeji Shipping Global IPO Review and Analysis covering IPO date, price, size, GMP, competitive strengths, financials, objects of the issue, P/E ratio vs peers, reasons to invest, risk factors, and whether you should subscribe or avoid.


About Shreeji Shipping Global Ltd

Incorporated in 1995, Shreeji Shipping Global Ltd is engaged in shipping and logistics, specialising in dry-bulk cargo handling, lightering, stevedoring, fleet chartering, and cargo transportation. The company operates with:

  • 80+ vessels (barges, mini bulk carriers, tugboats, floating cranes)
  • 370+ earthmoving machines
  • Services at 20+ ports and jetties in India and Sri Lanka
  • Client base in Oil & Gas, Energy, FMCG, and Metals sectors

The company employs over 1,173 permanent staff and has a track record of long-term customer relationships.

Shreeji Shipping Global IPO Review – Date, Price, GMP, Analysis – Should You Subscribe or Avoid


Competitive Strengths

  1. Prominent player in integrated shipping and logistics services for dry-bulk cargo.
  2. Strong presence at non-major ports along the west coast of India.
  3. Long-term institutional customer relationships in key industries.
  4. In-house fleet and equipment, ensuring operational control.
  5. Proven track record of profitability despite revenue fluctuations.
  6. Experienced promoters and professional management team.

Shreeji Shipping Global IPO Issue Details

  • IPO Date: August 19, 2025 to August 21, 2025
  • Listing Date: August 26, 2025 (tentative)
  • Price Band: ₹240 to ₹252 per share
  • Face Value: ₹10 per share
  • Lot Size: 58 shares
  • Total Issue Size: 1.63 crore shares (₹410.71 crore)
  • Issue Type: Book Building
  • Fresh Issue: Entire issue is fresh capital
  • Listing At: BSE, NSE
  • Retail Quota: Not less than 35%

Investment Amounts:

  • Retail Minimum: 1 lot = 58 shares = ₹14,616
  • Retail Maximum: 13 lots = ₹1,90,008

Company Financials (₹ in Crores)

Period Ended 31-Mar-25 31-Mar-24 31-Mar-23
Total Assets 758.58 610.65 600.92
Total Income 610.45 736.17 827.33
PAT 141.24 124.51 118.89
EBITDA 200.68 197.89 188.71
Net Worth 343.17 315.18 255.81
Debt/Equity 0.75 0.50 0.69

Key Ratios:

  • ROE: 42.91%
  • ROCE: 28.09%
  • PAT Margin: 23.24%
  • Price to Book Value: 10.76

Objects of the Issue

  1. Acquisition of dry bulk carriers in the Supramax category – ₹251.18 crore
  2. Prepayment/repayment of certain borrowings – ₹23 crore
  3. General corporate purposes

P/E Ratio Compared to Peers

  • EPS (Post-Issue): ₹8.67
  • P/E at upper price band (₹252): ~29.07x
  • As per RHP it says there are no listed peers which are comparable. However as per my view, its near comparable competitors like Global Offshore Services is trading at P/E 59x (Highest) and Essar Shipping trading at P/E 1x and industry average is 12x
  • Peer comparison suggests Shreeji Shipping is priced at a premium considering industry averages in shipping and logistics.

Reasons to Invest

  • Leading player in dry-bulk logistics with diversified fleet.
  • Strong margins (EBITDA margin above 33%).
  • Strategic port presence in west coast non-major ports.
  • Positive profit growth despite revenue decline.
  • IPO proceeds aimed at fleet expansion, which could boost capacity and revenue.

Risk Factors

  • Revenue declined in FY25 vs FY24 (-17%).
  • High P/E valuation vs peers.
  • Shipping industry is cyclical and dependent on global trade volumes.
  • Exposure to fuel price volatility and foreign exchange rates.
  • Dependence on a few large customers for significant revenue share.

How to Apply for Shreeji Shipping Global IPO

Investors can apply via ASBA through their bank’s net banking portal or using UPI through stockbroker platforms like Zerodha, Groww, Angel One, etc. Ensure UPI mandate is approved before 5 PM on August 21, 2025.


Shreeji Shipping Global IPO GMP (Grey Market Premium)

As per market observers, the Shreeji Shipping Global IPO GMP is around ₹40-45 (as of the latest update). This indicates a potential listing gain, though GMP can change before listing.


Conclusion – Should You Subscribe or Avoid?

Shreeji Shipping Global IPO comes from a niche and essential segment of the logistics industry. While the company has shown strong profitability, the drop in revenue and relatively high P/E valuation make it more suitable for investors with a medium to long-term perspective rather than short-term listing gains alone. Conservative investors may wait for post-listing stability.

MyInvestmentIdeas View on Shreeji Shipping Global IPO: Subscribe for medium to long-term gains.


FAQs

1. What is the IPO date for Shreeji Shipping Global?
August 19 to August 21, 2025.

2. What is the price band of Shreeji Shipping Global IPO?
₹240 to ₹252 per share.

3. What is the lot size for retail investors?
58 shares per lot.

4. How much is being raised through this IPO?
₹410.71 crore.

5. Where will the shares be listed?
On BSE and NSE.

6. What is the GMP of Shreeji Shipping Global IPO?
Around ₹40-45 per share (subject to market changes).

7. Should I invest in Shreeji Shipping Global IPO?
Suitable for medium to long-term investors due to strong fundamentals but high valuation.

Disclaimer:  This article is for information purposes only and should not be considered as investment advice. IPO investments are subject to market risks. Please consult your financial advisor before making any investment decision.

Suresh KP

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