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 ā¹10 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 companyās purpose.Ā
Shreeji Shipping IPO lead managers
Shreeji Shipping Limited’s lead managers’ names are Elara Capital India Pvt Ltd and Beeline Capital Advisors Pvt Ltd.Ā
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.Ā
Shreeji Shipping IPO Proceed utilization
First and foremost, ā¹289.43 crores from the IPO money will be used for the main work of purchasing dry bulk carriers in the Supramax category.Ā
Moreover, Rs ā¹19.5 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 ā¹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ā¹572.62 | ā¹458.55 | ā¹83.46 |
| 2023 | ā¹827.33 | ā¹671.24 | ā¹118.89 |
| 2024 | ā¹736.17 | ā¹569.28 | ā¹124.51 |
| September 2024 | ā¹300.98 | ā¹216.46 | ā¹80.54 |
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): | ā¹8.49 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 43.61% |
| Net Asset Value (NAV): | ā¹21.50 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | NA | NA | NA | NA | NA |
| NA | NA | NA | NA | NA | NA |
Objects of the Issue
- Acquisition of Dry Bulk Carriers in Supramax category in the secondary market; (āAcquisition of Vesselsā)
- 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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