Shreeji Shipping Global IPO

About the company

Shreeji Shipping is an established integrated shipping and logistics service provider in India, specialising in dry bulk cargo handling with a primary focus on non-major ports. With over three decades of operational history, the company has built expertise across multiple service verticals, including stevedoring, lightering, cargo management, and customs clearance. In FY25, the company handled 15.71 million metric tonnes (MMT) of cargo and has a presence at 20+ ports and jetties in India and Sri Lanka. Its operations are strategically aligned with high-demand sectors such as oil & gas, power, coal, FMCG, and metals. The company offers comprehensive cargo handling services, including lightering, stevedoring, onboard stevedoring, and other port solutions such as cargo management, high heaping, railway rake handling, water sprinkling, customs clearance, and logistics coordination. Shreeji Shipping Global Limited’s operational revenue in FY25 was dominated by cargo handling, which contributed 79.39% of total revenue from operations, while transportation services accounted for 11.78%, fleet chartering and equipment rentals added 7.80%, and other operational income comprised 1.03%. Geographically, the company generated 92.84% of its revenue from within India and 7.16% from Sri Lanka. The company’s cargo mix is dominated by coal, which contributed 84.26% of FY25 volumes (13.24 MMT), followed by Pet coke (1.06 MMT). The west coast of India forms the company’s primary operational hub, benefiting from proximity to major industrial and energy consumption centres. Shreeji Shipping’s operations are supported by a substantially owned fleet and equipment base, enabling efficient handling of large-scale cargo movements. As of March 31, 2025, the company owned 83 vessels comprising 63 self-propelled barges, 5 mini bulk carriers, 8 motor tugs, and 7 floating cranes, along with 376 earthmoving equipment, including excavators, pay loaders, tippers, and tankers. This asset ownership model reduces reliance on third-party providers, offers better cost control, and supports consistent service quality. The company has built strong and enduring customer relationships. In FY25, 92.21% of revenue came from existing customers, and 8 of the top 10 clients have been associated for more than five years. As of March 31, 2025, the company served a total of 106 customers and acquired 14 new customers in FY25. However, there is a notable concentration in certain client industries, with oil & gas, power, and coal contributing 54.11% of FY25 revenue, which provides opportunities for deeper sector expertise but also increases dependency risk. The company’s geographic presence across 20+ ports and jetties enables it to optimise asset allocation and maintain high equipment utilisation rates. Overseas operations contributed 2.57 MMT of cargo in FY25 (16.35% of total volumes), primarily from Sri Lanka, while domestic non-major ports accounted for 13.14 MMT (83.72%). This operational mix allows Shreeji Shipping to capture demand from both domestic industrial hubs and international trade routes, enhancing its revenue base and mitigating localised demand risks. The cargo handled at ports in India is expected to grow at a CAGR of 10.80% from 1,540 MMTs of cargo in FY24 to 2,849 MMTs in FY30. Non-major ports have been growing faster than major ports, with cargo volumes rising 11.1% in FY24 compared to 4.4% at major ports, and their share of total port traffic increasing from 45.3% in FY23 to 46.9% in FY24. The company’s strong presence at non-major ports, accounting for 91.61% of its FY25 revenue and 83.27% of cargo handled in India, aligns well with industry trends. The company aims to capitalise on this trend by leveraging its strong brand, integrated logistics services, extensive customer base, and expanding its fleet of more than 80 vessels and more than 370 earthmoving equipment. Now, Shreeji Shipping Global is launching its initial public offering (IPO), which consists of a fresh issue worth up to ₹410.71 crore. Its shares will be listed on the NSE and BSE.

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   19 Aug 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   21 Aug 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   22 Aug 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   25 Aug 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   25 Aug 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   26 Aug 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.