Shreeji Shipping Global IPO Subscribed 6.6 Times On Day 2
The initial public offering (IPO) of Shreeji Shipping Global Ltd. was subscribed 6.6 times on the second day of subscription on Wednesday. The mainboard IPO is a book-built issue of Rs 410.71 crore, comprising entirely a fresh issue of 1.63 crore shares.
IPO Details
The lot size for retail investors is 58 shares, requiring a minimum investment of Rs 13,920. For small non-institutional investors, the lot size is 14 lots (812 shares), amounting to Rs 2,04,624. For big non-institutional investors, the lot size is 69 lots (4,002 shares), translating to an investment of Rs 10,08,504.
Book Running Lead Manager And Registrar
Beeline Capital Advisors Pvt. is the book-running lead manager for the Shreeji Shipping Global IPO. Bigshare Services Pvt. is the registrar for the issue.
Company Overview
Shreeji Shipping Global Ltd. operates in the shipping and logistics sector, specializing in dry-bulk cargo. The company’s IPO has garnered significant attention from investors, with a subscription of 6.6 times on the second day.
Grey Market Premium (GMP)
Ahead of the bidding window opening, the grey market premium (GMP) for the Shreeji Shipping Global IPO was observed to be around Rs 20-25 per share. However, please note that GMP is subject to change and may not reflect the actual listing price.
IPO Schedule
Here are the key dates for the Shreeji Shipping Global IPO:
- Issue opened: August 19
- Issue closes: August 21
- IPO Listing Date: August 26
Subscription Details
The Shreeji Shipping Global IPO has been subscribed 6.6 times as of 5 p.m. on Wednesday. The breakdown of the subscription is as follows:
- Qualified Institutions: 2.42 times
- Non-Institutional Buyers: 11.22 times
- Retail Investors: 7 times
Investment Risks
Investments in initial public offerings are subject to market risks. Please consult with financial advisers and read the red herring prospectus thoroughly before placing bids.
Conclusion
The Shreeji Shipping Global IPO has garnered significant attention from investors, with a subscription of 6.6 times on the second day. With a strong presence in the shipping and logistics sector, the company’s IPO is expected to perform well in the market. However, it’s essential to consider the investment risks and consult with financial advisers before making any investment decisions.
For more information on the Shreeji Shipping Global IPO, including the grey market premium, issue size, and other details, click here. To stay updated on the latest IPO news and stock market trends, visit our website regularly.