India's Shreeji Shipping Global rises 9% on trading debut

Shreeji Shipping Global

26/08/2025 06:35

** Shreeji Shipping Global SREJ.NS rises ~9% to 275 rupees in market debut; last up 3.5%

** Stock opened at 270 rupees, 7% above issue price of 252 rupees

** IPO consists of 16.3 mln shares via fresh issue; existing shareholders not selling any stake via IPO

** Co valued at 42.66 bln rupees ($487.5 mln) as of 10:56 a.m. IST

** Its 4.11 bln-rupee IPO subscribed 58.1x

** Proceeds will be used to repay borrowings, acquire dry bulk carriers and other corporate purposes

($1 = 87.5060 Indian rupees)

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))