Shreeji Shipping Global IPO allotment to be finalised today. Here’s how to check status

The allotment for Shreeji Shipping Global’s Rs 411 crore IPO will be finalised today. Investors who applied for the issue can now check their application status online through the registrar’s portal and the stock exchange websites.

The IPO, which opened on August 19 and closed on August 21, was subscribed a massive 58.08 times overall, including 110.41 times in the QIB category, 72.70 times in NII, and 21.92 times in retail. The issue will list on BSE and NSE on Tuesday, August 26, 2025.

Investors can verify their allotment status in two simple ways:

1. Registrar website

Visit Bigshare IPO allotment page (https://www.bigshareonline.com/ipo_allotment.html)

Select Shreeji Shipping Global Ltd. from the drop-down menu

Enter PAN number, Application Number, or DP/Client ID

Click on Search to view allotment status

2. NSE website

Go to NSE IPO allotment link (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

Log in with PAN or application number

Check status under the Equity IPO section

Refunds for unallotted shares will be initiated on August 25, 2025, while successful bidders will see shares credited to their demat accounts the same day.

IPO details and company background

The IPO was a fresh issue of 1.63 crore equity shares at a price band of Rs 240–252 per share. Ahead of the issue, the company raised Rs 123 crore from anchor investors on August 18.

About the company

Founded in 1995, Shreeji Shipping Global is a shipping and logistics company specialising in dry-bulk cargo.

It operates across 20 Indian ports and jetties and one port in Sri Lanka, with a fleet of over 80 vessels including barges, mini bulk carriers, tugboats, and floating cranes. It also owns more than 370 earthmoving machines for cargo handling and logistics.

The company reported a PAT of Rs 141.24 crore in FY25, up 13% from FY24, even though revenue declined 17% year-on-year due to cost controls and efficiency gains.

Use of proceeds

Funds from the IPO will be utilised for acquisition of Supramax dry bulk carriers Rs 251 crore, partial repayment of borrowings Rs 23 crore and general corporate purposes.