Shreeji Shipping Global IPO Day 2: Subscription Status, GMP, and Expert Insights 🌊
The Shreeji Shipping Global IPO is making waves as it enters its second day of subscription on August 20, 2025. On Day 1, the IPO was subscribed 2.13 times, reflecting strong investor enthusiasm 🚢. With a Grey Market Premium (GMP) of ₹30, the IPO signals potential listing gains, making it a hot topic for both retail and institutional investors. Here's everything you need to know to make an informed decision before the subscription window closes on August 21, 2025.
IPO Subscription Status 📊
As of Day 1, the IPO received applications for 2,43,08,496 shares against the 1,14,08,600 shares offered, achieving a subscription rate of 2.13 times. Retail investors led the charge with a subscription of 2.12 times, while Non-Institutional Investors (NIIs) subscribed 3.53 times. Qualified Institutional Buyers (QIBs) showed moderate interest at 1.09 times. This balanced participation highlights confidence in Shreeji Shipping’s growth prospects in the logistics and shipping sector 📈.
Day 2 subscription figures are expected to rise, potentially impacting allotment chances. Investors should keep an eye on real-time updates to gauge demand.
Subscription Breakdown (Day 1)
2.12x
3.53x
1.09x
Grey Market Premium (GMP) Trends 💹
The Grey Market Premium for Shreeji Shipping Global IPO is currently ₹30, suggesting an estimated listing price of ₹282 per share—a potential gain of 11.90% over the upper price band of ₹252. This positive GMP reflects strong market sentiment and investor willingness to pay a premium in the unofficial market ⚖️. Historically, GMP trends can predict listing performance, but they are subject to market volatility. Investors aiming for short-term gains should monitor GMP closely as subscription progresses.
Should You Apply? 🤔
Deciding whether to apply for the Shreeji Shipping Global IPO depends on your investment goals. For short-term investors, the GMP of ₹30 and a potential 12% listing gain make it an attractive opportunity 💰. Long-term investors should consider the company’s fundamentals: a robust fleet of over 80 vessels, operations across 20+ ports, and a 13% profit growth in FY25 despite a 17% revenue drop. However, risks like industry cyclicality and reliance on key customers warrant caution.
Analysts, including those from Canara Bank Securities, recommend subscribing due to Shreeji’s strong market position and attractive P/E ratio of 25.64x. However, some caution against high valuations compared to peers and exposure to global trade fluctuations. Weigh your risk appetite before deciding.
Key IPO Details 📅
Here are the essential details for the Shreeji Shipping Global IPO:
- 💵 Price Band: ₹240–₹252 per share
- 📦 Lot Size: 58 shares per lot (minimum investment ₹13,920 for retail)
- 🗓️ Opening Date: August 19, 2025
- 🗓️ Closing Date: August 21, 2025
- 📅 Allotment Date: Expected August 22, 2025
- 📅 Listing Date: Expected August 26, 2025
IPO Timeline
Anchor Allocation
Subscription
Allotment
Listing
Company Overview and Use of Funds 🏢
Shreeji Shipping Global, founded in 1995, is a leading provider of integrated shipping and logistics solutions for dry bulk cargo. Operating across India and Sri Lanka, it boasts a fleet of over 80 vessels and 370+ earthmoving machines. The company focuses on non-major ports, enhancing efficiency in cargo handling and transportation 🚚. Despite a 17% revenue decline to ₹610.45 crore in FY25, its profit after tax grew 13% to ₹141.24 crore, showcasing operational resilience.
The IPO proceeds of ₹410.71 crore will be used for:
- 🚤 Fleet Expansion: ₹251.18 crore for acquiring Supramax dry bulk carriers
- 💸 Debt Repayment: ₹23 crore to reduce borrowings
- 🏭 General Corporate Purposes: ₹136.53 crore
Final Thoughts 💡
The Shreeji Shipping Global IPO has sparked significant interest, driven by a strong subscription rate and a promising GMP. For short-term investors, the potential 12% listing gain is enticing, while long-term investors may find value in the company’s niche position in dry bulk logistics and its growth plans. However, be mindful of risks like global trade cyclicality and customer concentration. Stay updated with subscription trends and consult a financial advisor to align your investment with your goals before the IPO closes on August 21, 2025.
Frequently Asked Questions ❓
What is the Shreeji Shipping Global IPO price band?
The price band is ₹240 to ₹252 per share, with a minimum lot size of 58 shares.
What is the Grey Market Premium (GMP) today?
As of August 20, 2025, the GMP is ₹30, indicating an estimated listing price of ₹282 per share.
When is the IPO listing date?
The shares are expected to list on BSE and NSE on August 26, 2025.
Should I invest in this IPO?
The decision depends on your investment goals. Short-term investors may benefit from the 12% listing gain indicated by GMP, while long-term investors should evaluate the company’s fundamentals and risks like industry cyclicality.
