Mumbai: Shreeji Shipping Global Ltd (SSGL) has announced that its Initial Public Offering (Shreeji Shipping Global IPO) will open for subscription on Tuesday, 19 August 2025, and close on Thursday, 21 August 2025. The anchor investor bidding will take place on Monday, 18 August 2025.
Shreeji Shipping Global IPO has a price band of ₹240–₹252 per equity share with a face value of ₹10. The floor price represents 24 times and the cap price 25.2 times the face value. Bids can be placed for a minimum of 58 equity shares and in multiples thereafter.
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Shreeji Shipping Global IPO: Price Band of ₹240–₹252 Per Equity Share
Shreeji Shipping Global IPO – public issue comprises a 100% fresh issue of 1,62,98,000 equity shares, with proceeds earmarked for acquiring Supramax dry bulk carrier vessels from the secondary market, partial repayment of borrowings, and general corporate purposes.
Founded with a focus on non-major ports and jetties along India’s West Coast, SSGL has grown into a major player in dry bulk cargo handling in India and Sri Lanka.
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The company operates a fleet of over 80 vessels – including barges, mini bulk carriers, tugboats, and floating cranes – and more than 370 earthmoving machines. It serves sectors such as oil & gas, power, FMCG, coal, and metals, with marquee clients including Adani Enterprises, UltraTech Cement, Ambuja Cements, ACC, ArcelorMittal Nippon Steel India, and Ceylon Shipping Corporation.
In FY25, SSGL reported revenue of ₹6,076.13 million, EBITDA of ₹2,006.82 million, and profit after tax of ₹1,412.37 million.
The company has also secured strategic long-term projects, including:
- A 15-year floating crane facility contract at Syama Prasad Mookerjee Port, Kolkata.
- A 25-year coal mining order worth ₹80,307.88 million (excluding GST) from Eastern Coalfields Limited.
The equity shares are proposed to be listed on both the National Stock Exchange (NSE) and BSE, with BSE as the designated stock exchange. Beeline Capital Advisors Pvt. Ltd. and Elara Capital (India) Pvt. Ltd. are acting as the book-running lead managers for the IPO.
