Shreeji Shipping Global IPO Day 2 Live: GMP, Review, Subscription Status, Apply or Not?
The sentiment of the stock market is always an emotional roller coaster for investors. Whenever a new IPO comes, a single question roams in people’s minds—”Should I invest in this IPO or not?” Today we will talk about Shreeji Shipping Global IPO, which is now open for subscription and is creating a strong buzz among its investors.
Shreeji Shipping Global IPO GMP Today
One thing is always discussed with every new IPO in the market—GMP, i.e., Grey Market Premium. Shreeji Shipping Global IPO GMP is trading at a premium of ₹30 per share today, which means the IPO is expected to list at ₹282 above the price band of ₹240–₹252 per share. This represents a premium of approx. 11.9%, which reflects the demand for the IPO and investor confidence.
Shreeji Shipping Global IPO Subscription Status
Talking about subscription, Shreeji Shipping Global IPO showed a strong response on the very first day. The IPO was subscribed 2.13 times on Day 1. Retail investors booked it 2.12 times, Non-Institutional Investors (NII) subscribed to it 3.53 times, and Qualified Institutional Buyers (QIBs) also showed bids of 1.09 times. Till 17:00 IST, the company received bids for 2,43,08,496 shares while the offer size was 11,408,600 shares. This clearly shows that there is a good demand for this IPO in the market.
Shreeji Shipping Global IPO Company Profile
Shreeji Shipping Global is part of the Jamnagar-based Shreeji Group, which provides shipping and logistics solutions for dry bulk cargo. The main focus of the company is on non-major ports and jetties on the west coast of India. The company currently operates in 20 ports and jetties and has one port in Sri Lanka.
According to the D&B report on India’s shipping industry, 1,540 MMT of cargo was handled in FY24, which is expected to increase to 2,849 MMT by FY30. This shows an annual growth rate of 10.8%. If we talk only about Gujarat’s ports, this growth will be even faster—from 317.20 MMT it is expected to reach 720 MMT by FY30, which is 17.5% annual growth. This clearly signals a big opportunity, and Shreeji Shipping Global wants to ride on this growth wave.
Shreeji Shipping Global IPO Review
The review of brokerage houses is mixed but positive regarding this IPO. Canara Bank Securities says that the company has a solid growth path due to strong long-term institutional relationships, consistent revenue, and favorable industry trends. The IPO is being considered attractively priced at a P/E ratio of 25.64x. Risk factors include the cyclical nature of global trade and the volatility of commodity demand, but for the long term they have given it a “SUBSCRIBE” rating.
Swastika Investmart has also said in its review that the company has a strong positioning in the dry bulk cargo segment and profitability has improved due to cost management. They say that this IPO can be a reasonable investment option from a medium- to long-term perspective.
Shreeji Shipping Global IPO Financial Details
The entire structure of the IPO is a fresh issue of 1.63 crore equity shares, meaning there is no Offer For Sale (OFS) in it. The company’s target is to raise ₹411 crore from the IPO. Out of this, the company will use ₹251.2 crore to buy its supramax category dry bulk carriers, which will be acquired from the secondary market. Also, ₹23 crore will be invested in its existing debt repayment. The lead managers of the IPO are Beeline Capital Advisors Pvt Ltd and Elara Capital (India) Pvt Ltd.
Shreeji Shipping Global IPO GMP Trend
If we talk about the grey market, GMP has fluctuated a lot in the last 14 sessions. Minimum GMP is ₹0 and the maximum has gone up to ₹30. The current trend is positive, which means that the IPO listing can happen with good demand. If the market sentiment is strong, the listing of the Shreeji Shipping Global IPO can bring a solid gain for premium investors.
Should I apply for the Shreeji Shipping Global IPO or not?
The most important question is—should I apply or not? If you are a long-term investor, experts say that subscribing to this IPO can be beneficial. The company has huge potential due to the growth of the shipping and logistics sector. Yes, good hopes are also there for short-term listing gains as the grey market premium is positive. But like every investment, this IPO also has risks that investors need to understand.
Conclusion
In today’s market environment, the Shreeji Shipping Global IPO is creating a strong buzz. GMP is positive, subscription numbers are impressive, and the fundamentals of the company also align with the sector growth. If you believe in the long-term growth story, then considering this IPO can be a smart decision.
Disclaimer:
This article is for informational purposes only. This is not any kind of financial advice. Always seek advice from your financial advisor before investing in the stock market.
Also Read
Vikram Solar IPO: Price Band, GMP, Financials & Listing Date – Full Details Inside
