Upcoming IPO: Jamnagar-based delivery and logistic options supplier Shreeji Transport International Restricted has filed its draft crimson herring prospectus (DRHP) with the markets regulator, the Securities and Alternate Board of India (SEBI), on Saturday, January 25.
The corporate goals to lift funds through a recent subject of shares from the Indian inventory market. Shreeji Transport caters to 17 home ports in India together with three worldwide ports, together with Puttalam in Srilanka, Konta and Boffa in West Africa, based on knowledge collected from the official web site.
Shreeji Transport IPO Particulars
The Shreeji Transport IPO is providing a book-built public subject of a complete recent subject of as much as 2 crore fairness shares, with a face worth of ₹10 per share, based on the DRHP knowledge.
There isn’t a offer-for-sale (OFS) element on this preliminary public providing, and therefore, all the cash raised from the problem will probably be used to fund the corporate’s wants.
The corporate goals to make use of ₹289.43 crore to fund its acquisition of dry bulk carriers within the “Supramax class” from the secondary market and use ₹19.5 crore to fund its compensation or prepayment actions partly or filled with the agency’s excellent borrowings. The remainder of the proceeds raised from the IPO will probably be used for common company functions.
Ashokkumar Haridas Laland Jitendra Haridas Lal are the promoters of Shreeji Transport.
Beeline Capital Advisors Pvt Ltd and Elara Capital India Pvt Ltd are the book-running lead managers (BRLMs) for the general public subject, whereas Bigshare Providers Pvt Ltd is the registrar for the problem.
Shreeji Transport Funds
In keeping with the monetary statements hooked up within the draft papers, the corporate’s web revenue for the quarter ended September 30, 2024, was at ₹80.53 crore, with a complete earnings of ₹300.97 crore. The corporate’s web value until the interval was at ₹297.17 crore.
The corporate’s web revenue for the monetary yr ended 2023-24 was at ₹124.51 crore, which is 4.7 per cent increased than ₹118.88 crore within the earlier monetary yr. The corporate recorded a web revenue of ₹83.46 crore as of the monetary yr ended 2021-22.
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