Shreeji Shipping Global Ltd (SSGL) has announced the opening of its Initial Public Offering (IPO) of equity shares on Tuesday, August 19, 2025, closing on Thursday, August 21, 2025. The Anchor Investor bidding will take place on Monday, August 18, 2025. The Price Band is set between ₹240 to ₹252 per share, and bids can be placed in lots of 58 shares and multiples thereafter. The total issue consists of 16,298,000 fresh equity shares with a face value of ₹10 each.
The company aims to raise funds for acquisition of Supramax category dry bulk carriers, repayment of borrowings, and general corporate purposes. SSGL is a leading provider of integrated shipping and logistics solutions, operating over 80 vessels and more than 370 earthmoving equipment as of March 31, 2025. They serve 20+ ports in India and Sri Lanka, including Kandla, Bhavnagar, and Puttalam.
Notable clients include Adani Enterprises, Torrent Power, ACC, UltraTech Cement, Ambuja Cements, and ArcelorMittal Nippon Steel India. For fiscal 2025, SSGL posted revenues of ₹6,076.13 million, EBITDA of ₹2,006.82 million, and PAT of ₹1,412.37 million.
The company recently secured a 15-year LOI for floating crane facilities at Syama Prasad Mookerjee Port, Kolkata, and won a ₹8,030.78 crore coal mining contract with Eastern Coalfields Ltd. The IPO is managed by Beeline Capital Advisors Pvt. Ltd. and Elara Capital (India) Pvt. Ltd.. The equity shares will be listed on BSE (designated stock exchange) and NSE.
According to Mr. Saju Nair, CEO of Tivolt Electric Vehicles Pvt. Ltd., this IPO marks a strategic step in scaling infrastructure and expanding market reach. The offering is made under the book-building process, with allocations for QIBs (50%), Non-Institutional Bidders (15%), and Retail Investors (35%). Investors must use the ASBA process with UPI IDs as applicable.