Shreeji Shipping submitted DRHP to SEBI for an IPO

Shreeji Shipping IPO date is not announced yet. Shreeji Shipping is a book built issue and have plan to raise around ₹5,000 crores via IPO that comprises fresh issue of ₹[.] crore and offer for sale up to [.] Equity Shares with face value of 10 each. The retail quota is 35%, QIB is 50%, and HNI is 15% as per DRHP. The IPO to list on NSE and BSE.

Shreeji Shipping IPO Details

Jamnagar-based shipping and logistic solutions provider Shreeji Shipping Global Limited filed DRHP with SEBI. Moreover, it is an entirely fresh issue of up to 2 crore equity shares, with a face value of ₹10 per share, according to the DRHP. As this IPO does not have OFS, therefore all the money from the IPO will be utilized for the company’s purpose. 

Shreeji Shipping IPO lead managers

Shreeji Shipping Limited’s lead managers’ names are Elara Capital India Pvt Ltd and Beeline Capital Advisors Pvt Ltd. 


Shreeji Shipping and Logistics Promoters and Registers

Shreeji Shipping Ashokkumar Haridas Laland Jitendra Haridas Lal are the promoters, and Bigshare Services Pvt Ltd is the registrar for the issue. 

Shreeji Shipping IPO Proceed utilization

First and foremost, ₹289.43 crores from the IPO money will be used for the main work of purchasing dry bulk carriers in the Supramax category. 

Moreover, Rs ₹19.5 crore would go for the debt, and the rest of the money has been decided to be used for the company’s general purposes.

About Company

Shreeji Shipping and Logistics was founded in 2000 and is involved in non-major ports and jetties and jetties, especially on the West Coast. As per the sources, this firm has provided around 20 ports and jetties, along with Indian ports like Kandla, and non-major ones like Navlakhi, Magdalla, Bhavnagar, Bedi, and Dharmatar, as well as the overseas Puttalam Port in Sri Lanka.

Shreeji Shipping and Logistics does not have any peer group comparison till now in India and overseas. Promoters are the main strength of this company as they have an experience of 35 years, which are strong point to consider advanced knowledge, big contact, and are able to make substantial decision regarding business. Financially, the revenue from this is Rs 299.35 crore and the profit is Rs 80.54 crore respectively.

Shreeji Shipping IPO Prospectus:

DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:To be Updated Soon

Shreeji Shipping Company Financial Report

Amount ₹ in Crores

Period EndedRevenueExpenseProfit After Tax
2022₹572.62₹458.55₹83.46
2023₹827.33₹671.24₹118.89
2024₹736.17₹569.28₹124.51
September 2024₹300.98₹216.46₹80.54

Shreeji Shipping IPO Valuation – FY2024

Shreeji Shipping IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹8.49 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):43.61%
Net Asset Value (NAV):₹21.50

Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
NANANANANANA
NANANANANANA

Objects of the Issue

  • Acquisition of Dry Bulk Carriers in Supramax category in the secondary market; (“Acquisition of Vessels”)
  • Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by our Company;
  • General Corporate Purposes

IPO Lead Managers aka Merchant Bankers

  • Beeline Capital Advisors Private Limited
  • Elara Capital (India) Private Limited
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