Gujarat-based Shreeji Shipping Global, which provides cargo handling, transportation and fleet chartering and equipment rentals services, has decided to come out with its initial public offering (IPO) in third week of the current month. The offer, which will open for subscription on August 19 and close on August 21, consists of entirely fresh issue of 1.6 crore shares. This means the company will receive IPO proceeds for itself. The anchor book will be launched on August 18, followed by the IPO share allotment scheduled on August 22. The trading in Shreeji Shipping Global shares will commence on the bourses effective August 26. The company that provides shipping and logistic solution for dry bulk cargo at various ports and jetties at India and Sri Lanka has fleet of more than 80 vessels (consisting of barges, mini bulk carriers (MBCs), tug boats and floating cranes) and more than 370 earthmoving equipment. Shreeji Shipping Global, the flagship company of Jamnagar based Shreeji Group that primarily focused on non-major ports and jetties, particularly along the West Coast of India plans to spend Rs 251.2 crore of the IPO proceeds for acquisition of dry bulk carriers in Supramax category in the secondary market, and Rs 23 crore for repaying debt. The remainder funds will be used for general corporate purposes. You May Like These 5 Mistakes Can Wreck $1,000,000 Portfolios 247 Wall St by TaboolaSponsored Links Related stories SCHOTT expands India footprint with first local production of syringe and cartridge glass tubing SCHOTT expands India footprint with first local production of syringe and cartridge glass tubing Knowledge Realty Trust IPO closes with 12.45 times subscription; check allotment, listing dates Knowledge Realty Trust IPO closes with 12.45 times subscription; check allotment, listing dates BLS Polymers plans to tap capital markets, files draft documents for IPO BLS Polymers plans to tap capital markets, files draft documents for IPO Click Here To Read All IPO News The company, which does not have peer in the listed space, has recorded profit at Rs 141.2 crore in the year ended March 2025, rising 13.4 percent over the previous fiscal. However, revenue declined nearly 17 percent to Rs 607.6 crore during the same period. Shreeji Shipping Global has filed draft papers with the SEBI for its IPO in January this year, and received approval from the regulator to float IPO in May. Story continues below AdvertisementRemove Ad Beeline Capital Advisors, and Elara Capital (India) are acting as the merchant bankers for the Shreeji Shipping Global IPO. Moneycontrol News first published: Aug 7, 2025 05:57 pm Discover the latest Business News, Budget 2025 News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated! Live: Trump doubles tariffs on India, are we headed for a muted start? | Opening Bell Discover Live: Nifty slips to 3-month low as Trump doubles tariffs on India | Closing Bell Discover Tetra Pak Direct UHT, indirect UHT – or both? 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