Shreeji Shipping IPO to List Today: Anil Singhvi expects strong listing after 58x oversubscription

Shreeji Shipping IPO Listing: Zee Business Managing Editor Anil Singhvi has shared a bullish preview ahead of Shreeji Shipping Global’s stock market debut today. The IPO received an overwhelming response, being subscribed 58 times overall, signaling strong investor appetite.

Singhvi expects the shares to list in the Rs 275–Rs 285 range, significantly above the issue price of Rs 252, offering attractive listing gains for investors. “We advised risk-taking investors to apply for the IPO with a long-term perspective,” Singhvi said. He further recommended that investors maintain a stoploss below Rs 260 and trail it upward to protect profits as the stock moves higher.

IPO Subscription Highlights:

Shreeji Shipping Global’s IPO opened on August 19 and closed on August 21. The book-built issue was worth Rs 410.71 crore, including a fresh issue of 1.63 crore shares. The allotment was finalized on August 22.

Investor interest was robust across segments:

Qualified Institutional Buyers (QIBs): Subscribed 110.41 times

Non-Institutional Investors (NIIs): 72.70 times

Retail Investors: 21.94 times

Investment Details:

Retail lot size: 58 shares (minimum investment Rs 13,920)

Small NIIs (sNIIs): 14 lots (812 shares) totaling Rs 2,04,624

Big NIIs (bNIIs): 69 lots (4,002 shares) totaling Rs 10,08,504

Use of Proceeds:

Rs 251.18 crore to purchase Supramax category Dry Bulk Carriers in the secondary market

Rs 23 crore for repayment of borrowings

Remaining funds for general corporate purposes

Other Details:

Shares will be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The IPO’s book-running lead manager was Beeline Capital Advisors Pvt. Ltd., and the registrar was Bigshare Services Pvt. Ltd.