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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
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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.
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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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