The initial public offering (IPO) of Shreeji Shipping Global Ltd. has opened today, August 19, and will remain available for subscription until August 21. The company, which provides shipping and logistics solutions for dry bulk cargo, has set a price band of ₹240–252 per share. Investors can bid for a minimum of 58 shares in one lot and in multiples thereafter.
Grey Market Premium Signals Positive Sentiment
Ahead of its debut, shares of Shreeji Shipping are trading at a 12% premium over its issue price of ₹252 in the grey market. The grey market premium (GMP) is often seen as an early indicator of potential listing gains, though it remains unofficial and subject to fluctuations.
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Business Profile
Shreeji Shipping is a well-known name in the domestic integrated shipping and logistics sector. According to SBI Securities, the company has a strong presence in cargo handling operations for dry bulk cargo. It currently operates a fleet of 83 vessels and 376 earthmoving equipment, underlining its operational scale.
Market Insights
Market experts believe the IPO has generated steady interest due to the company’s established business model, fleet strength, and industry positioning. However, investors are advised to weigh short-term listing gains against long-term fundamentals before making a decision.
Market Update & Key Insights
IPO Date: Aug 19–21
Price Band: ₹240–252 per share
Lot Size: 58 shares
GMP: ~12% above issue price
Fleet Strength: 83 vessels, 376 earthmoving equipment
Click here to explore: Shreeji Shipping IPO
