Shreeji Shipping Global IPO Shows Strong Subscription, GMP Signals Listing Gains

Shreeji Shipping Global IPO Shows Strong Subscription, GMP Signals Listing Gains

Shreeji Shipping Global’s IPO sees robust investor interest — subscribed over 7.5× on Day 3, with a grey market premium (GMP) of ₹35 (~14% listing gain). Read on for all key details.

Introduction

Shreeji Shipping Global’s ₹411 crore fresh-issue IPO is witnessing impressive investor confidence. With robust subscription numbers and a healthy grey market premium, the company is poised for a potentially strong listing performance.

IPO Snapshot

Key Details:

• Issue Size: ₹410–411 crore (entirely a fresh issue of ~1.63 crore shares)

• Price Band: ₹240–₹252 per share

• Lot Size (Retail): Minimum 58 shares (₹13,920–₹14,616)

• Use of Proceeds: Acquire Supramax dry bulk carriers, repay debt, support corporate purposes

• Timeline:

  • Subscription closed on August 21

  • Allotment by August 22

  • Listing anticipated on August 26 

    Investor Category	Subscription (Day 3)
    Overall	~7.55× (some sources report up to 12.31
    Retail Investors	~7.9×–11.8
    NIIs (Non-institutional)	~14.7×–26.3
    QIBs	~2.4×–9.97× (The Economic Times, Business Standard)

     

    These numbers reflect strong retail and NII interest, indicating widespread appeal across investor segments

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    GMP (Grey Market Premium): What It Tells Us

  • The GMP is trading around ₹35 per share, suggesting a potential listing price of ₹287 — approximately 14% above the upper price band of ₹252. mint+1The Economic TimesBusiness StandardThe Hans India

  • Other sources mention GMP levels between ₹27–₹35, indicating a projected listing gain of 11–14%. The Economic TimesmintThe Economic Times+1MoneycontrolThe Hans India

  While GMP is unofficial and may fluctuate, it’s a strong indicator of market sentiment toward positive listing performance.

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  Expert Opinions & Market Sentiment

• Mint reports a mixed outlook:

  • Shivani Nyati (Swastika Investmart) recommends subscribe — sees strong niche positioning and improving profitability.

  • Gaurav Goel (Fynocrat Technologies) advises avoid due to high valuation (~29× P/E post-issue) in a cyclical sector. mint

These perspectives highlight the balance between positive sentiment and valuation concerns.

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Summary

Shreeji Shipping Global’s IPO is generating significant buzz:

• Strong demand across investor categories

• Substantial GMP indicating anticipation of listing gains

• Valuation and sector cyclicality remain key considerations

Retail and long-term investors might find it compelling — while cautious investors should assess financials and industry risks before deciding.

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