Shreeji Shipping Global stock list with 8% Premium above IPO price

Shreeji Shipping Global shares made their market debut on Tuesday with a positive offer. The stock was opened on RS 271.85 on the BSE, a premium of 7.9% compared to the IPO price of RS 252, while it was mentioned on the NSE on RS 270 with a premium of 7%. In the non -recorded market, shares of Shreeji Shipping Global found a gray market premium of 13% prior to the list, indicating the expectations of a healthy debut.

The RS 411 Crore IPO, which ran from 19 to 21 August, was a completely fresh edition of 1.63 Crore shares, each priced RS 252.

The yield of the IPO will be used to acquire dry bulk carriers in the Supramax category, repaying loans and general business purposes.

Investors’ question was strong, with the IPO in general subscribing 58.08 times. Qualified institutional buyers (QIBS) led the rally with 110.41 times subscription, while non-institutional investors (NIIS) subscribed 72.70 times and 21.92 times retail investors.

Shreeji Shipping Global was founded in 1995 and is a shipping and logistics company that specializes in Droog-Bulk freight activities.

The company serves more than 20 Indian ports and a Sri Lankan port, which operates a fleet of more than 80 ships, including inland shipping lists, bulk carriers, tugboats and floating cranes. It also manages a fleet of 370 earth machines for freight handling and logistics.Read also: gem aromatics shares list with 2% premium above IPO price

Financially, the RS 610.45 Crore income booked in FY25, against RS 736.17 Crore in FY24, while the profit after the tax rose 13% to RS 141.24 Crore.

(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)