Mumbai, Aug. 20 -- The initial public offer of Shreeji Shipping Global received bids for 7,51,80,354 shares as against 1,14,08,600 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (20 August 2025). The issue was subscribed 6.59 times.

The issue opened for bidding on 19 August 2025 and it will close on 21 August 2025. The price band of the IPO is fixed between Rs 240 and 252 per share. An investor can bid for a minimum of 58 equity shares and in multiples thereof.

The issue comprises fresh equity shares numbering 16298000 of Rs 10 face value.

Of the net proceeds of the fresh issue, the company proposed to utilize Rs 251.179 crore for the acquisition of Dry Bulk Carriers in the Supramax category in the secondar...