Shreeji Shipping Global Ltd – IPO Overview

Incorporated: 1995 Industry: Shipping & Logistics (Dry-Bulk Cargo)

Business Profile:

Shreeji Shipping Global Ltd. specializes in dry-bulk cargo handling and logistics, with a strong presence at non-major ports and jetties on India’s west coast and Sri Lanka.

• Port Presence: Services provided at 20+ ports including Kandla, Navlakhi, Magdalla, Bhavnagar, Bedi, Dharmatar, and Puttalam.

• Fleet Strength (as of March 31, 2025):

  - 80+ vessels (barges, mini bulk carriers, tugboats, floating cranes)

  - 370+ earthmoving & handling machines (excavators, payloaders, tippers, tankers, etc.)

Service Offerings:

• Cargo Handling – STS (Ship-to-Ship) lighterage, stevedoring & cargo management

• Transportation – Port-to-premise & reverse logistics for dry bulk cargo

• Fleet Chartering & Equipment Rental – Vessels, cranes, and handling equipment on charter

• Other Income – Scrap sales & miscellaneous activities

Objects of the Issue:

1. Acquisition of Dry Bulk Carriers (Supramax category) – ₹251.18 Cr

2. Pre-payment/Repayment of Borrowings – ₹23.00 Cr

3. General Corporate Purposes – Balance

Shreeji Shipping Global IPO: Key Details

• IPO Dates: 19 to 21 Aug 2025

• Price Band: ₹240 – ₹252

• Lot Size: 58 Shares

• Total Issue Size: 410.71 Cr

• Retail Quota: 35%

• GMP: 12% (only for information)

Allotment Link

Strengths:

• Extensive Industry Experience: Over 25+ years of operations in shipping & logistics.

• Strong Fleet Base: Operates 75+ vessels and 380+ earthmoving equipment, ensuring large handling capacity.

• Geographic Presence: Focused on India’s west coast and Sri Lanka, with services at 20+ ports and jetties.

• Diversified Service Portfolio: Covers cargo handling, transportation, chartering, equipment rental, and scrap sales, ensuring multiple revenue streams.

• Established Client Relationships: Significant revenue comes from long-term repeat customers, showcasing trust and reliability.

• Experienced Promoters: Founders bring 55+ years of collective expertise in the shipping industry.

• Specialized Handling: Expertise in dry bulk cargo and STS (Ship-to-Ship) operations, a niche segment.

• Asset Ownership: Owns both vessels and machinery, reducing dependence on third-party providers.

• Market Demand: Increasing bulk trade in commodities like coal, cement, and fertilizers provides steady demand for services.

• Operational Scale: Presence at major as well as non-major ports, giving them flexibility and competitive positioning.

Risks / Weaknesses:

• High Working Capital Requirement: Large fleet and equipment operations demand continuous cash flow.

• Debt Dependency: Reliance on borrowings, including unsecured loans, creates repayment and cross-default risks.

• Port Modernization Threat: Growing mechanization and modernization of ports/jetties could reduce demand for manual services like stevedoring.

• Insurance Gaps: Limited insurance may leave company exposed to major accidents, cargo loss, or natural calamities.

• Commodity Dependency: Business is tied to movement of dry-bulk goods (coal, cement, fertilizer, etc.); demand fluctuations directly impact revenue.

• Geographic Concentration: Heavy reliance on India’s west coast and Sri Lanka increases vulnerability to regional disruptions.

• Regulatory Risk: Shipping and logistics industry is exposed to frequent changes in port regulations, environmental norms, and taxation.

• Currency Risk: Exchange rate volatility impacts overseas revenue/expenses.

• Operational Hazards: Accidents at ports, equipment breakdown, and weather conditions (cyclones, heavy monsoons) can disrupt operations.

• Competitive Pressure: Larger integrated logistics players and global shipping companies may capture market share.

• Revenue Concentration: Heavy dependence on a few long-term clients could pose a risk if relationships weaken.

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