Shreeji Shipping Global IPO GMP, Review, Price, Date & IPO Details

Shreeji-Shipping-Global-IPO-Details-GMP-Price-Date-Review
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OUR BUSINESS

Our company provides shipping and logistic solution for dry bulk cargo at various Ports and Jetties at India and Sri Lanka. As of September 30, 2024.

we have fleet of more than 75 vessels (consisting of barges, mini bulk carriers (MBCs), tug boats and floating cranes) and more than 380 earthmoving equipment (consisting of material handling machines, excavators, pay loaders, tippers including trailers, tankers and other vehicles) in services of our clients.

We have a legacy of more than two and half decades in the shipping and logistic industry with prominent experience in cargo handling, transportation, fleet chartering and equipment rentals and other ancillary services.

our company has evolved into an integrated shipping and logistic solution provider for dry bulk cargo handling at all-weather and seasonal ports in India and Sri Lanka. Though, we provide our services at major ports, we are primarily focused on nonmajor ports and jetties, particularly along the West Coast of India.

we have provided our services at more than twenty (20) ports and jetties including major Indian ports at Kandla, non-major ports at Navlakhi, Magdalla,Bhavnagar, Bedi and Dharmatar and overseas port at Puttalam Port (Sri Lanka).

We primarily cater to our customers in various sectors including Oil and Gas, Energy and Power, Fast Moving Consumer Goods (FMCG), Coal and Metal Industry.

We have achieved significant scale and growth, as demonstrated by the below metrics

Shreeji-Shipping-Global-IPO-GMP-Review-Price-Date-IPO-Details

Our Service Offering

  • Cargo handling services – which primarily includes lightering, stevedoring and other port services including cargo management services;
  • Transportation – which includes port to premise drop off services and vice versa providing complete logistic solutions;
  • Fleet Chartering and Equipment rentals – which primarily includes the providing our vessels and earthmoving
  • equipment on charter basis- We also provide other necessary equipment needed for loading and unloading of cargo;
  • Other operational income which primarily includes the sale of scrap and other sundry activities.

our key customers and their sector of operation :-

  • Shipping & Logistics :- Ceylon Shipping Corporation Limited.
  • Infrastructure & Energy :- Adani Enterprises Limited.
  • Fast Moving Consumer Goods :- RSPL Limited.
  • Coal :- Agarwal Coal Corporation Private Limited, Taranjot Resources Private Limited, Mohit Minerals Limited, Balaji Malts Private Limited, FC Agarwal Coal Private Limited.
  • Energy and Power :- Torrent Power Limited.
  • Cement :- Shree Digvijay Cement Corporation Limited.
  • Commodities Trading :- Tata International Limited, Green Gold Global Resources Private Limited, A T Trade Overseas Private Limited, PRH Resources Private Limited and Global Logistics.

Shreeji-Shipping-Global-IPO-GMP-Review-Price-Date-IPO-Details

OBJECTS OF THE OFFER

1. Acquisition of Dry Bulk Carriers in Supramax category in the secondary market; (“Acquisition of Vessels”)
2. Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by our Company.
3. General Corporate Purposes.

Qualitative Factors

  • Prominent player in integrated shipping and logistic service provider in India
  • Long-term institutional customer relationships in key sectors
  • Established cargo handling operations for Dry Bulk Cargo
  • Operational capabilities of our own fleet
  • Proven Track Record of Growth in Financial Performance
  • Experienced Promoters and committed Management Team

Comparison of accounting ratios with listed industry peers

There are no listed peer group companies (i.e., companies of comparable size in the same industry), in India or globally (outside India) that engage in a business similar to that of our Company. Accordingly, it is not possible to provide an industry comparison in relation to our Company.

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