Shreeji Shipping sets IPO price as ₹240-252

JAMNAGAR : Shreeji Shipping Global Ltd has fixed ₹240-252 as price band for its upcoming public issue that will open for subscription on August 19 and end on August 21.

The company plans to raise ₹410.71 crore through the initial public offering (IPO), which would be entirely a fresh issue of 1.63 crore shares.

The company plans to utilise net proceeds from the fresh issue towards acquisition of vessels (Dry Bulk Carriers in Supramax category from secondary market) estimated to be ₹251.18 crore, prepayment/repayment, in part or full, of certain outstanding borrowings availed by the company worth ₹23 crore and the balance towards general corporate purposes.

Logistic solutions
Shreeji Shipping Global provides shipping and logistic solutions for dry bulk cargo at various ports and jetties in India and Sri Lanka.

As of March 31, 2025, it operates a fleet of over 80 vessels, including barges, mini bulk carriers, tug boats and floating cranes, along with more than 370 earthmoving equipment.

The company has evolved into an integrated shipping and logistic solutions provider, focusing primarily on non-major ports and jetties along India’s West Coast, and has served over 20 ports including Kandla, Navlakhi, Magdalla, Bhavnagar, Bedi, Dharmatar and Puttalam Port in Sri Lanka, according to a release.

Beeline Capital Advisors Private Limited and Elara Capital (India) Private Limited are the book running lead managers to the IPO.