Upcoming IPO: Jamnagar -based shipping and logistics solution provider Shipping Global Limited has filed its draft Red Herring Prospectus (DRHP) with market regulator, Securities and Exchange Board of India.Sebi), Saturday, 25 January.
The company aims to raise money through the latest points of shares Indian stock marketAccording to data collected from the official website, Shreeji Shipping provides services to 17 domestic ports as well as three international ports in India, including Puttlam in Sri Lanka, Konta and Bofa in West Africa.
Shreeji Shipping IPO Details
Shreeji shipping IPO is offering a book-made public issue of the entire new issue up to 2 crore equity shares with an inscribed price. According to DRHP data, 10 per share.
There is no offer-for-sale (OFS) component initial public offeringAnd so, all the amount raised from the issue will be used to meet the needs of the company.
The goal is to use the company 289.43 crore for its funding acquisition Use and use of dry wholesale carriers in “Supramax category” from secondary market 19.5 crore to fund the firm’s outstanding or complete repayment or pre -payment activities of the firm. The remaining amount raised from the IPO will be used for general corporate purposes.
Ashokkumar Haridas Lal and Jitendra Haridas Lal are the promoters of Shipping.
Binese Capital Advisors Private Limited and Elara Capital India Private Limited are Book-Ringe Manager (BRLM) for Public ISU, while Bigsare Services is a registrar for private limited issue.
Shreeji shipping finance
Attached financial description Draft papersThe company had net profit in the quarter ended 30 September 2024 Total income of Rs 80.53 crore 300.97 crores. The company had total assets till this period 297.17 crore.
The company had a net profit for the financial year ended 2023-24 4.7 percent more than 124.51 crore It was Rs 118.88 crore in the last financial year. The company recorded net profit 83.46 crore by the financial year ended 2021-22.
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