Aug.21, 2025 : The IPO of Shreeji shipping and Global Ltd. (one of the units of Jamnagar-based Shreeji group) ended its three-day subscription in exciting zeal.
Membership Boom In All types of Investors
In total subscription was an impressive 7.55 times, mostly
instigated by an interest of retail investors.
• Further
into segment-wise performance :
• Retail
Individual Investors (RIIs) exceeded its target about 7.9 times subscription.
• Non-Institutional Investors (NIIs) demonstrated such
extraordinary demand of 14.7 times of their allocated quota.
• There was moderate participation by Qualified Institutional Buyers (QIBs), which signed up 2.4 times its share
Size, Price Band and IPO Structure :
• The IPO,
a completely fresh issue, comprised 1.62-1.63 crore equity shares with a price
band of 240-252 INR per share and raised approximately 1.62-1.63 crores or
410-411 crores.
The capital will be raised will be used on strategic expansion,
which will include:
• Purchase of Supra max dry bulk carriers already in the secondary market,
• Repayment or fall forward of existing borrowings,
• Overall corporate purposes.
Grey Market Premium Signals Listing Momentum :
• The grey market premium (GMP) at 3rd Day was 27 indicating
an estimated offer price of 279/- per share- nearly 11 per cent higher than the
upper price band.
• Other sources modestly improve this figure: GMP of 35 and an
estimated listing price of 287, indicating about a 14 percent gain on listing.
• It is worth bearing in mind that GMP is speculative and
sentimental indicative in nature, and is only indicative of listing gains.
Upcoming Milestones :
Finalisation of allotment: 22nd August, 2025.
• Demat Credit Date : Shares will probably be credited in the month of August 25, 2025.
It is tentatively scheduled on August 26, 2025 to be listed
on BSE and NSE
Is the IPO Worthy of Note ?
Strengths That ICE Out :
• The positive reception of the IPO subscriptions due to the
retail investment spread reflects the general confidence of the investors.
• The desirability of issuing fresh suggests a complete funding advantage of the company without promoter dilution.
• The GMP trends are an indication of a possible successful
healthy listing pop.
• Shreeji shipping has strong operational foundation in dry
bulk logistics both in India and Sri lanka with good returns ratio, and niche
services.
Risk Considerations :
• Overdependence on grey market info can lead to over
expectations- reality can be different.
• Concentration risk exists on dependence on a solitary big
client.
• Operation performance indicates a fall in revenue, but
profitability management is not listed on the company.
• Valuation multiples, such as P/E and P/B, are being traded
at a higher side on comparison with industry averages.
Final Verdict :
" Shreeji Shipping Global IPO has definitely drawn the
attention of the markets. The strategic growth and logistic footprint of the
company can be seen as an advantage among long-term investors. Short-term
subscribers will need to hope that a listing pop occurs, but only where the
grey market premium is realised "
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