Shreeji Shipping Global IPO allotment: How to check status online on Bigshare Services, NSE, BSE; listing date here

Shreeji Shipping Global IPO allotment is expected to be finalised on Friday, August 22, following the successful conclusion of the bidding period.

According to the NSE data, the issue received bids for 66,28,01,380 shares compared to 1,14,08,600 shares on offer, translating to a 58.10 times subscription.

The bidding was led by qualified institutional buyers who subscribed their portion 110.41 times, followed by non-institutional investors at 72.70 times. The retail investors' part was subscribed 21.94 times.

The IPO had set a price band of ₹240 to ₹252 per share. It was entirely a fresh issuance of 1.63 crore shares valued at ₹410.71 crore with no offer-for-sale (OFS) component.

Of the fresh issue proceeds, ₹251.2 crore will be used to acquire dry bulk carriers in the supramax category in the secondary market, ₹23 crore for repaying debt, and the remaining funds for general corporate purposes.

Shreeji Shipping Global is an integrated shipping and logistics service provider, specialising in dry bulk cargo handling with a key focus on non-major ports.

Beeline Capital Advisors Pvt Ltd and Elara Capital (India) Pvt Ltd were the IPO's book-running lead managers.

Shreeji Shipping Global IPO allotment date and time: When and where to check

Shreeji Shipping Global IPO allotment status online on Bigshare Services; check full steps

• Go to Bigshare Services' IPO status URL: www.bigshareonline.com/ipo_Allotment.html
• Hit click on any of the three servers available
• Choose 'Shreeji Shipping Global Limited' from the IPO list
• Mention either your PAN, beneficiary ID or application number
• Click on 'Search'

Steps to check Shreeji Shipping Global IPO allotment online status on NSE

• Head to the bid finalisation website of NSE: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Pick ‘Equity & SME IPO bid details’
• Choose 'Shreeji Shipping Global' with symbol 'SHREEJISPG'
• Fill in PAN and application number
• Click on 'Submit'

How to check Shreeji Shipping Global IPO allotment status online on BSE

• On the BSE website, open the IPO status page: https://bseindia.com/investors/appli_check.aspx
• Keep 'Equity' as the issue type
• Pick 'Shreeji Shipping Global Limited' from the 'Issue Name' list
• Enter application number or PAN
• Hit 'Search'

Shreeji Shipping Global IPO listing date and time: When will shares be listed?

Shreeji Shipping Global's equity shares will hit BSE and NSE on Tuesday, August 26 at 10 am.

Shreeji Shipping Global IPO latest GMP

According to media reports and investorgain.com, the unlisted shares of Shreeji Shipping Global are trading at ₹290 per share, reflecting a grey market premium of 15.08% over the upper price band of ₹252.