Shreeji Shipping Global IPO
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Schedule of Shreeji Shipping Global
| Issue open date | 19 Aug 2025 |
| Issue close date | 21 Aug 2025 |
| UPI mandate deadline | 21 Aug 2025 (5 PM) |
| Allotment finalization | 22 Aug 2025 |
| Refund initiation | 25 Aug 2025 |
| Share credit | 25 Aug 2025 |
| Listing date | 26 Aug 2025 |
| Mandate end date | 05 Sep 2025 |
| Lock-in end date for anchor investors (50%) | 21 Sep 2025 |
| Lock-in end date for anchor investors (remaining) | 20 Nov 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Shreeji Shipping Global
Shreeji Shipping Global, founded by Ashok Kumar Haridas Lal and Jitendra Haridas Lal, has established itself as a key player in the integrated shipping and logistics sector. With a fleet of over 75 vessels and 380 earthmoving equipment, Shreeji Shipping delivers dependable services focused mainly on non-major ports along the West Coast of India and in Srilanka. The company is supported by a dedicated team of professionals, ensuring its ability to meet the diversified needs of its clientele across several industries, including Oil and Gas, Energy and Power, and Fast-Moving Consumer Goods.
Financials of Shreeji Shipping Global
Utilisation of proceeds
| Purpose | INR crores |
| Acquisition of Dry Bulk Carriers in Supramax category in the secondary market | 251.18 |
| Pre-payment/ re-payment, in part or full, of certain outstanding borrowings | 23 |
| General corporate purposes |
Strengths
- Extensive experience with over two and a half decades in industry.
- Fleet consists of 75 vessels and 380 earthmoving equipment.
- Operations focused on India and Sri Lanka’s major ports.
- Revenue primarily from long-standing existing customers.
- Promoters bring over 55 years of industry expertise.
Risks
- Significant working capital needs may affect cash flow management.
- Unsecured borrowings can lead to potential cross-default risks.
- Modernization of ports and jetties could impact operations.
- Limited insurance coverage may not cover major disruptions.
- Exchange rate fluctuations affect overseas revenue and expenses.