Shreeji Shipping Global Lists at 8% Premium
By : Krishna Mishra
Shreeji Shipping Global share price made a modest debut in the Indian stock market, listing at ₹271.85 on the BSE on Tuesday, August 26, 2025, at an 8% premium to its IPO price of ₹252 per share. On the NSE, the stock opened at ₹270, marking a 7.14% gain and giving the company a market capitalization of over ₹4,428 crore. With more than 30 years of experience in the shipping and logistics sector, Shreeji Shipping holds a strong position in minor ports along India’s west coast. Its business model focuses on asset ownership and operational control, supported by 376 earth-moving machines and 83 ships, ensuring a competitive advantage. Analysts suggest that its strong margins and growth prospects make it a strategic long-term bet in India’s logistics sector.
Shreeji Shipping Global’s IPO, open from August 19–21, witnessed robust demand with a subscription of over 58 times. The company offered shares in a price band of ₹240–252 per share, with a minimum lot size of 58 shares. The IPO was a fresh issue of 1.63 crore equity shares, with no offer-for-sale component. Proceeds of ₹251.2 crore will be utilized for acquiring supramax dry bulk carriers, while ₹23 crore will go towards debt repayment. As the flagship of the Jamnagar-based Shreeji Group, the company operates across multiple ports in India and Sri Lanka, focusing on non-major ports. Its growth plans and future opportunities in logistics and shipping make it a noteworthy addition for investors eyeing India’s logistics transformation.