Shreeji Shipping lists at 7% premium, falls short of IPO GMP estimates

Shreeji Shipping's stock opened at ₹270 on the NSE, reflecting a premium of 7 per cent over the issue price of ₹252

Shreeji Shipping Global IPO listing today: Shares of logistics company Shreeji Shipping Global made a positive debut on the Dalal Street on Tuesday, August 26, 2025. The company's share opened at ₹270 on the NSE, reflecting a premium of 7 per cent over the issue price of ₹252. After the listing, the stock fell 2.4 per cent from the listing price to ₹263.5.

 

On the BSE, the stock opened at ₹271.85, up 7.9 per cent from the issue price. Post-listing, the stock was trading at ₹263, up 3.2 per cent from the listing price. 

 

The listing price of Shreeji Shipping was below grey market estimates. Ahead of the listing, the unlisted price of Shreeji Shipping were trading at ₹286, up ₹34 or 13.5 per cent from the issue price of ₹252, according to sources tracking unofficial markets.  ALSO READ | Gem Aromatics IPO Shares makes flat debut with over 2.5 per cent premium

 

Shreeji Shipping Global: Should you buy, sell or hold?

According to analysts at Master Capital Services, The Shreeji business model, strategically designed around asset ownership and operational control, combined with the company's 376 earth-moving machines, and 83 ships, provides competitive moats for the companies activities. 

 

The brokerage said as Shreeji enjoys an established market position, rising margins, and the potential for growth, the firm is a strategic exposure for investors looking for the logistics transformation story in India which should still have a long tail. 

 

The company offers investors long-term exposure to the growth of Logistics in India, and the upside potential on future AI integrations and current succession plans.

 

Shreeji Shipping IPO details

Shreeji Shipping IPO received a solid response from investors, with the issue being oversubscribed by 58 times. The portion reserved for Qualified institutional buyers (QIBs) was subscribed 110.4 times, the non-institutional investors (NIIs) portion was subscribed 72.7 times, and the retail investors at 21.92 times.

 

The ₹410.7-crore mainline IPO comprises a fresh issue of 16.3 million equity shares and no offer for sale (OFS) component. The company set the IPO price band ₹252. The public issue opened for subscription on Tuesday, August 19, 2025, and closed on Thursday, August 22, 2025.   ALSO READ | Vikram Solar IPO shares list at 2% premium on bourses 

Bigshare Services is the registrar of the issue. Beeline Capital Advisors and Elara Capital (India) are the book-running lead managers.

 

According to the red herring prospectus (RHP), the company plans to to use the proceeds from the issue for the acquisition of dry bulk carriers in the Supramax category from the secondary market and repayment of debt. The remaining funds will be used for general corporate purposes.