Shreeji Shipping Global IPO To Open On Tuesday, 19 August 2025

• Price Band fixed at ₹240 to ₹252 per Equity Share of face value of ₹10 each;
• The Floor Price is 24 times the face value of Equity Shares and the Cap Price is 25.2 times the face value of the Equity Shares;
• Bid /Issue will open on Tuesday, 19 August 2025 and close on Thursday, 21 August 2025. The Anchor Investor Bidding Data Shall close on Monday, 18 August 2025;
• Bids can be made for a minimum of 58 Equity Shares and in multiples of 58 Equity Shares thereafter;
• RHP link:  https://beelinemb.com/wp-content/uploads/2025/08/Shreeji-Shipping-Global-Limited_RHP.pdf

Ahmedabad, 12 August 2025:  Shreeji Shipping Global Ltd (SSGL) announced that it will open its Bid / Issue in relation to its initial public offer (IPO) of Equity Shares on Tuesday 19 August 2025. The Bid/ Issue will close on Thursday, 21 August 2025.

The Anchor investor bidding date shall be Monday, 18 August 2025. Bids can be made for a minimum of 58 Equity Shares and in multiples of 58 Equity Shares thereafter. (“Bid Details”)

The Price Band of the Issue has been fixed at ₹ 240 to ₹ 252 per Equity Share. (“Issue Price”)

The total issue size consists of 100% fresh issue of 16,298,000 equity shares with face value ₹10 each (“Fresh Issue”). The Company plans to utilize net proceeds from the fresh issue towards Acquisition of vessels (Dry Bulk Carriers in Supramax category from secondary market) estimated to be ₹2,511.79 million [₹251.18 crore], Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company estimated to be ₹230 million [₹23 crore] and balance amount towards General Corporate Purposes. (“The Object of The Issue”). There are no listed peer group companies (i.e., companies of comparable size in the same industry), in India or globally that engage in a business similar to that of the Company.

The company provides shipping and logistic solutions for dry bulk cargo at various ports and jetties in India and Sri Lanka. As of March 31, 2025, it operates a fleet of over 80 vessels, including barges, mini bulk carriers, tug boats and floating cranes, along with more than 370 earthmoving equipment. The company has evolved into an integrated shipping and logistic solutions provider, focusing primarily on non-major ports and jetties along India’s West Coast, and has served over 20 ports including Kandla, Navlakhi, Magdalla, Bhavnagar, Bedi, Dharmatar and Puttalam Port in Sri Lanka. Leveraging its industry expertise and extensive transportation network, it caters to sectors such as Oil & Gas, Energy & Power, FMCG, Coal and Metals, offering end-to-end single-window services that enhance customer convenience and drive revenue growth.

The company caters to a diverse range of customers including Ceylon Shipping Corporation Limited, Adani Enterprises Limited, Torrent Power Limited, Tata International Limited, RSPL Limited, Shree Digvijay Cement Corporation Limited, UltraTech Cement Limited, Ambuja Cements Limited, ACC Limited, Agarwal Coal Corporation Private Limited, Taranjot Resources Private Limited, Mohit Minerals Limited, Balaji Malts Private Limited, FC Agarwal Coal Private Limited, Green Gold Global Resources Private Limited, A T Trade Overseas Private Limited, PRH Resources Private Limited, Global Logistics and ArcelorMittal Nippon Steel India Limited. For the Fiscal 2025, the company has generated revenue from operations of ₹ 6,076.13 million, EBITDA of ₹ 2,006.82 million and Profit after tax of ₹ 1,412.37 million.

The company has received a Letter of Intent (LOI) for setting up Floating Crane Facilities for cargo and container lightening/topping-up at Diamond Harbour and other deep draft locations under Syama Prasad Mookerjee Port, Kolkata, for 15 years. In addition, the company is planning to enter into coal mining business with consortium of partners, pursuant to which it has secured an order from Eastern Coalfields Limited valued at ₹80,307.88 million (excluding GST) over a period of 25 years (contract period).

The Company is a prominent player in the integrated shipping and logistics services sector in India, with long-standing relationships with institutional customers across key industry segments. It has established cargo handling operations in the dry bulk segment and possesses operational capabilities supported by its own fleet. The Company has demonstrated a proven track record of growth in its financial performance, driven by its operational efficiency and customer-centric approach. Its business is led by experienced promoters and supported by a committed management team.

The Company’s strategy focuses on optimizing costs, enhancing operational efficiency, and investing in its fleet and equipment to strengthen capabilities. It aims to expand operations from land to port, capitalize on industry opportunities, and diversify its revenue base by acquiring new customers and entering new sectors.

The Equity Shares, offered through the Red Herring Prospectus of the Company dated 05 August 2025 filed with Registrar of Companies (ROC), Ahmedabad at Gujarat are proposed to be listed on National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE” and together with NSE, the “Stock Exchanges”). For the purposes of the Issue, the Designated Stock Exchange will be BSE Limited.

This is an Issue in terms of Rule 19(2)(b) of the SCRR, read with Regulation 31 of the SEBI ICDR Regulations. The Issue is being made through the Book Building Process in terms of Regulation 6 (1) of the SEBI ICDR Regulations, wherein not more than 50% of the Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs and such portion, the “QIB Portion”), provided that the Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”), out of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors (“Anchor Investor Allocation Price”), in accordance with the SEBI ICDR Regulations.

In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs.

Further, not less than 15% of the Issue shall be available for allocation to Non-Institutional Bidders (“Non Institutional Portion”) of which (a) one third of the Non-Institutional Portion shall be reserved for Bidders with an application size between ₹ 0.20 million up to ₹ 1 million and (b) two-thirds of the Non-Institutional Portion shall be reserved for Bidders with an application size exceeding ₹ 1 million provided under-subscription in either of these two sub-categories of Non-Institutional Portion may be allocated to Bidders in the other subcategory of Non-Institutional Portion, and not less than 35% of the Issue shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price.

All potential Bidders (except Anchor Investors) are mandatorily required to participate in the Issue through the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders using the UPI Mechanism, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue through the ASBA Process. For further details, see “Issue Procedure” on page 399.

Beeline Capital Advisors Private Limited and Elara Capital (India) Private Limited are the Book Running Lead Managers to the IPO.

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.

Disclaimer: SHREEJI SHIPPING GLOBAL LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares and filed the RHP with RoC and the Stock Exchanges on August 5, 2025. The RHP is available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company at www.shreejishipping.in and on the websites of the BRLMs, i.e. Beeline Capital Advisors Private Limited and Elara Capital (India) Private Limited at www.beelinemb.com and www.elaracapital.com, respectively. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” beginning on page 37 of the RHP. Potential investors should not rely on the DRHP filed with SEBI and the Stock Exchanges, and should instead rely on the their own examination of the Company and the Issue, including the risks involved, for making any investment decision.