Shreeji Shipping IPO Subscription Hits 7.55 Times on Day 3—Should You Subscribe?
There is big news for the investors of the stock market—Shreeji Shipping IPO has rocked even before its listing. The IPO has received a tremendous response till Day 3, in which the Grey Market Premium (GMP) also clearly shows the investor sentiment. Today we will understand in detail what the subscription status of the Shreeji Shipping IPO is,its GMP signaling is, and whether you should invest in this IPO or not.
Shreeji Shipping IPO GMP Today
In the IPO market, investors first look at the GMP, because it shows the mood of the market. The grey market premium of Shreeji Shipping IPO was trading at ₹27 as of Thursday. Meaning, if the issue price is ₹252, the expected listing price could be around ₹279—reflecting an 11% premium.
But one thing must be remembered: GMP is an unofficial indicator and can fluctuate till the day of listing. Hence, it should not be considered a confirmed signal, but it is a fact that investor sentiment is positive at this time.
Shreeji Shipping IPO Subscription Status
The response to the Shreeji Shipping IPO on Day 3 was strong. The IPO was subscribed 7.55 times, which indicates that investor demand is quite high.
Retail individual investors subscribed to their quota 7.9 times.
Non-institutional investors showed even stronger demand; they subscribed to their quota of 24.44 lakh shares 14.7 times.
Qualified Institutional Buyers also showed their interest by subscribing 2.4 times.
This demand clearly shows that there is a lot of hunger in the market for IPO.
Shreeji Shipping IPO Price Band and Details
The company has launched its Shreeji Shipping IPO at a price band of Rs 240-252 per share. The total issue size is Rs 411 crore, and this is a fresh issue, meaning the entire funding will go directly to the company.
1.63 crore equity shares have been offered in this IPO, in which a 50% quota is allocated for QIBs, 35% for retail investors, and 15% for NIIs.
The company’s shares will start trading on the stock exchange from 26 August.
Purpose of Shreeji Shipping IPO
This IPO has a clear objective. The company will use Rs 251.2 crore to purchase Supramax-category dry bulk carriers, which will expand its fleet and enhance operational capacity.
Along with this, Rs 23 crore has been kept for debt repayment, which will strengthen the company’s balance sheet.
Both these moves are very strategic steps for the long-term growth of the company.
Shreeji Shipping Financial Performance
The numbers of financial performance tell an interesting story. Shreeji Shipping’s revenue in FY25 was ₹610 crore, which is almost 17% less than ₹736.17 crore in FY24 last year. But despite this decline, the company has shown good improvement in profitability. Profit After Tax (PAT) jumped 13.4% to ₹141 crore, while it was ₹124 crore in FY24. EBITDA has also improved slightly, increasing from ₹197.89 crore in FY24 to ₹200 crore in FY25. This performance clearly signals that the company is managing its operations efficiently.
Shreeji Shipping Company Overview & Market Outlook
Jamnagar, Gujarat-headquartered Shreeji Shipping Global is a leading player in the dry bulk cargo logistics sector. The company operates mainly on the west coast of India, with a focus on private jetties and non-major ports.
According to a Dun & Bradstreet report, India’s port cargo volume is estimated to grow from 1,540 MMT in FY24 to 2,849 MMT by FY30, a growth of 10.8% CAGR. Gujarat ports will grow even faster—at 17.5% CAGR, with the potential to reach 720 MMT.
In this scenario, the market opportunity for Shreeji Shipping is huge, as it has established a strong position by focusing on non-major ports.
For the IPO, Beeline Capital Advisors Pvt Ltd and Elara Capital (India) Pvt Ltd are the lead managers.
Should You Subscribe to the Shreeji Shipping IPO?
Now the most important question is—should you subscribe to the Shreeji Shipping IPO?
According to Anand Rathi’s research, Shreeji Shipping is a strong and well-established player in the shipping and logistics sector. The company has its own fleet, which further strengthens its efficiency and service quality.
Talking about valuation, the company’s P/E ratio at the upper price band is 28.5 times, and EV/EBITDA is 21.4 times. Market capitalization after issuance will be Rs 41,055 million.
Looking at the valuations, the IPO seems fully priced, but considering the company’s strong market presence and long-term growth potential, Anand Rathi has given it a “Subscribe—Long Term” rating.
If your investment horizon is long-term, then this IPO can be a good option.
Disclaimer:
This article is for informational purposes only. The financial data and market sentiments given here are based on publicly available sources. Always seek the advice of your financial advisor before taking any investment decision. There is always risk in the stock market.
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