Shreeji Shipping Global shares made their market debut on Tuesday with a positive listing. The stock opened at ₹271.85 on the BSE, a 7.9 per cent premium over the IPO price of ₹252, while on the NSE it listed at ₹270 with a 7 per cent premium. In the unlisted market, shares of Shreeji Shipping Global commanded a 13 per cent grey market premium ahead of listing, indicating expectations of a healthy debut.
The ₹411 crore IPO, which ran from August 19 to 21, was an entirely fresh issue of 1.63 crore shares priced at ₹252 each.
Proceeds from the IPO will be used for acquiring dry bulk carriers in the Supramax category , repaying borrowings, and general corporate purposes.
Investor demand was strong, with the IPO subscribed 58.08 times overall. Qualified Institutional Buyers (QIBs) led the rally with 110.41 times subscription, while Non-Institutional Investors (NIIs) subscribed 72.70 times and retail investors 21.92 times.
Founded in 1995, Shreeji Shipping Global is a shipping and logistics company specialising in dry-bulk cargo operations.
The company serves over 20 Indian ports and one Sri Lankan port, operating a fleet of more than 80 vessels, including barges, bulk carriers, tugboats, and floating cranes. It also manages a fleet of 370 earthmoving machines for cargo handling and logistics.
Financially, the company posted ₹610.45 crore revenue in FY25, down from ₹736.17 crore in FY24, while profit after tax rose 13 per cent to ₹141.24 crore.