Shreeji Shipping Global Ltd (SSGL) announced that it will open its Bid / Issue in relation to its initial public offer (IPO) of Equity Shares on Tuesday 19 August 2025. The Bid/ Issue will close on Thursday, 21 August 2025. The Anchor investor bidding date shall be Monday, 18 August 2025.
Bids can be made for a minimum of 58 Equity Shares and in multiples of 58 Equity Shares thereafter. The Price Band of the Issue has been fixed at ₹ 240 to ₹ 252 per Equity Share.
- Issue Opens: August 19, 2025
- Issue Closes: August 21, 2025
- Face Value: Rs 10 each
- Price Band: Rs 240 – 252 per share
- Lot Size: 58 Shares
- Listing: BSE, NSE
The total issue size consists of 100% fresh issue of 16,298,000 equity shares with face value ₹10 each. The Company plans to utilize 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, Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company estimated to be ₹23 crore and balance amount towards General Corporate Purposes. There are no listed peer group companies (i.e., companies of comparable size in the same industry), in India or globally that engage in a business similar to that of the Company.
The company 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. Leveraging its industry expertise and extensive transportation network, it caters to sectors such as Oil & Gas, Energy & Power, FMCG, Coal and Metals, offering end-to-end single-window services that enhance customer convenience and drive revenue growth.
The company caters to a diverse range of customers including Ceylon Shipping Corporation Limited, Adani Enterprises Limited, Torrent Power Limited, Tata International Limited, RSPL Limited, Shree Digvijay Cement Corporation Limited, UltraTech Cement Limited, Ambuja Cements Limited, ACC Limited, Agarwal Coal Corporation Private Limited, Taranjot Resources Private Limited, Mohit Minerals Limited, Balaji Malts Private Limited, FC Agarwal Coal Private Limited, Green Gold Global Resources Private Limited, A T Trade Overseas Private Limited, PRH Resources Private Limited, Global Logistics and ArcelorMittal Nippon Steel India Limited. For the Fiscal 2025, the company has generated revenue from operations of ₹ 6,076.13 million, EBITDA of ₹ 2,006.82 million and Profit after tax of ₹ 1,412.37 million.
The company has received a Letter of Intent (LOI) for setting up Floating Crane Facilities for cargo and container lightening/topping-up at Diamond Harbour and other deep draft locations under Syama Prasad Mookerjee Port, Kolkata, for 15 years. In addition, the company is planning to enter into coal mining business with consortium of partners, pursuant to which it has secured an order from Eastern Coalfields Limited valued at ₹80,307.88 million (excluding GST) over a period of 25 years (contract period).
The Company is a prominent player in the integrated shipping and logistics services sector in India, with long-standing relationships with institutional customers across key industry segments. It has established cargo handling operations in the dry bulk segment and possesses operational capabilities supported by its own fleet. The Company has demonstrated a proven track record of growth in its financial performance, driven by its operational efficiency and customer-centric approach. Its business is led by experienced promoters and supported by a committed management team.
