Shreeji Shipping IPO Day 2 Update – Strong Demand and a 11% GMP Premium

 Shreeji Shipping Global IPO Attracts Strong Demand on Day 2 – GMP Signals 11% Listing Premium

Shreeji Shipping IPO Day 2 Update – Strong Demand and a 11% GMP Premium

The Shreeji Shipping Global IPO has continued to build momentum on its second day of bidding, reflecting solid investor interest across categories. shreeji shipping global ipo gmp

📊 Subscription Status (Day 2)

Overall: Subscribed 6.59 times

Retail Investors: Nearly 10× demand observed

Non-Institutional Investors (NII/HNI): Around 13× oversubscribed

Qualified Institutional Buyers (QIBs): Participation picking pace gradually

💹 Grey Market Premium (GMP)

The IPO is currently commanding a GMP of ~₹27, which translates into an 11% expected listing gain over the upper price band of ₹252. This indicates healthy sentiment in the unofficial grey market

🚢 Company at a Glance

Shreeji Shipping Global is a fast-growing logistics and shipping services company with a focus on dry bulk cargo handling and fleet expansion. The funds raised from the IPO are earmarked for:

1. Acquiring Supramax dry bulk carriers
2. Reducing debt levels
3. Supporting working capital and general corporate needs

📈 Analyst View – Should You Subscribe?

Positives: 

1. Strong subscription figures across retail and HNI segments
2. Decent GMP indicating possible listing gains
3. Expansion strategy supports long-term growth potential

Risks:

1. Shipping is a cyclical industry affected by global trade dynamics
2. Heavy reliance on dry bulk cargo markets

Verdict: For investors looking at short-term listing gains, the strong demand and 11% GMP premium suggest positive momentum. Long-term investors should weigh sector cyclicality but may find value in Shreeji’s expansion strategy.

shreeji shipping global ipo gmp