Shreeji Shipping Global Limited IPO

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The Company is a leading integrated shipping and logistics service provider for dry bulk cargo, operating across various ports and jetties in India and Sri Lanka. With over three decades of industry experience, it has built a strong presence in cargo handling, transportation, fleet chartering, equipment rentals, and ancillary port services. The Company is the flagship entity of the Jamnagar-based Shreeji Group, promoted by Ashokkumar Haridas Lal and Jitendra Haridas Lal, who together have more than 60 years of experience in the sector.

Business Model

The Company offers end-to-end shipping and logistics solutions under a business-to-business model, focusing primarily on non-major ports along the West Coast of India while also serving major ports and select international locations. Its integrated service model enables clients to access a single-window solution for multiple logistics needs, enhancing efficiency and customer satisfaction.

Service Offerings

1. Cargo Handling Services – Ship-to-Ship (STS) lightering, stevedoring, and other port services including cargo management.
2. Transportation – Port-to-premise and premise-to-port delivery for dry bulk cargo.
3. Fleet Chartering & Equipment Rentals – Chartering of vessels and provision of earthmoving equipment for cargo operations.
4. Other Operational Income – Includes sale of scrap and other sundry activities.

Client Base & Industry Focus

The Company serves customers in Oil & Gas, Energy & Power, FMCG, Coal, and Metal industries. It enjoys long-term relationships, with over 92% of FY25 revenue generated from existing clients, and multi-year associations with most of its top customers.

As of March 31, 2025, the Company has provided services at more than 20 ports and jetties, including Major Ports like Kandla, Non-Major Ports like Navlakhi, Magdalla, Bhavnagar, Bedi, Dharmatar and International such as Puttalam Port, Sri Lanka. The Company has also offered fleet chartering services at ports in Guinea, West Africa.

Competitive Strengths

i) Prominent integrated shipping & logistics player with over three decades of experience.
ii) Strong operational capabilities with owned fleet and equipment.
iii) Proven track record of handling high cargo volumes.
iv) Focus on non-major ports with strategic locations along the West Coast.
v) Experienced promoters and a professional management team.

Objects of the Shreeji Shipping Global Limited IPO:

Company proposes to utilize the proceeds of the Fresh Issue in the following manner: 1. Acquisition of Dry Bulk Carriers in Supramax category in the secondary market (₹251.1 cr) 2. Pre-payment/ re-payment, in part or full, outstanding borrowings (₹23 cr) 3. General Corporate Purposes

Shreeji Shipping Global Limited IPO Details:

Open Date: Aug 19 2025
Close Date: Aug 21 2025
Total Shares: 1,62,98,000
Face Value: ₹ 10 Per Equity Share
Listing At: NSE,BSE

Promoters And Management:

1. Ashokkumar Haridas Lal serves as the Chairman & Managing Director of the Company. Having completed his education up to the matriculation level, he brings 30 years of experience in the shipping and logistics industry. A promoter since the Company’s inception, he also serves as a Director of Jamnagar District Cooperative Bank. 2. Jitendra Haridas Lal is the Joint Managing Director of the Company, holding Bachelor’s degrees in Science (Mathematics) and Law from Saurashtra University. With 30 years of experience in shipping and logistics, he also serves as Chairman of Jamnagar District Cooperative Bank and has previously led the Jamnagar Chamber of Commerce and Industries and the Seeds and Grain Merchants Association. 3. Thomaskutty Varghese is an Independent Director with a Master’s in Oceanography and a PhD, and is a Chartered Marine Scientist. With 19 years of experience in port planning and ocean engineering, he has worked with organisations including ISRO, Jacobs Engineering, and Adani Ports, where he was Deputy General Manager (Port Planning and Ocean Engineering).

Financials of Shreeji Shipping Global Limited IPO:

Particulars FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations 607.60 731.00 826.90
EBITDA 200.6 197.8 188.7
EBITDA Margins 33.03% 27.07% 22.82%
PAT 141.2 124.5 118.88
PAT Margins 23.24% 17.03% 14.38%
ROCE 28.09% 35.33% 38.06%
Debt to Equity Ratio(In Times) 0.75 0.5 0.69
Operating Cash Flows 138.7 158.5 152.27

Comparison With Peers:

According to its RHP There are no listed peer group companies.

Lead Manager of Shreeji Shipping Global Limited IPO:

  1. Beeline Broking Limited
  2. Elara Capital (India) Private Limited

Registrar of Shreeji Shipping Global Limited IPO:

  1. Bigshare Services Private Limited

Discussion on Shreeji Shipping Global Limited IPO:

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