Subscribe for Shreeji Shipping Global Ltd IPO; Anand Rathi

Anand Rathi, has come out with its report on Shreeji Shipping Global Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on August 18, 2025.

Broker Research

August 20, 2025 / 17:38 IST

IPO

Anand Rathi, Shreeji Shipping Global Ltd

Shreeji Shiping Global Ltd provides shipping and logistic solutions for dry bulk cargo at various Ports and Jetties in India and Sri Lanka. As of March 31, 2025, they have a fleet of more than 80 vessels (consisting of barges, mini bulk carriers (MBCs), tug boats and floating cranes) and more than 370 earthmoving equipment (consisting of material handling machines, excavators, pay loaders, tippers including trailers, tankers and other vehicles) in service of their clients. Company have a legacy of more than three decades in the shipping and logistics industry with prominent experience in cargo handling, transportation, fleet chartering and equipment rentals and other ancillary services. Company is the flagship company of Jamnagar-based “Shreeji Group”, promoted and led by Ashokumar Haridas Lal and Jitendra Haridas Lal, having combined experience of more than sixty (60) years in the shipping and logistics industry. Under their leadership, the 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.

Valuation and Outlook

At the upper price band company is valuing at P/E of 28.5x to its FY25 earnings, with EV/EBITDA of 21.4x and market cap of ₹ 41,055 million post issue of equity shares. We believe that the IPO is fully priced and recommend a “SubscribeLong Term” rating to the IPO.

For all IPO report, click here