Upcoming IPO: Jamnagar-based delivery and logistic options supplier Shreeji Delivery International Restricted has filed its draft pink herring prospectus (DRHP) with the markets regulator, the Securities and Alternate Board of India (SEBI), on Saturday, January 25.
The corporate goals to boost funds through a contemporary difficulty of shares from the Indian inventory market. Shreeji Delivery caters to 17 home ports in India together with three worldwide ports, together with Puttalam in Srilanka, Konta and Boffa in West Africa, in keeping with knowledge collected from the official web site.
Shreeji Delivery IPO Particulars
The Shreeji Delivery IPO is providing a book-built public difficulty of a whole contemporary difficulty of as much as 2 crore fairness shares, with a face worth of ₹10 per share, in keeping with the DRHP knowledge.
There is no such thing as a offer-for-sale (OFS) element on this preliminary public providing, and therefore, all the cash raised from the difficulty might 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 reimbursement or prepayment actions partly or stuffed with the agency’s excellent borrowings. The remainder of the proceeds raised from the IPO might be used for basic company functions.
Ashokkumar Haridas Laland Jitendra Haridas Lal are the promoters of Shreeji Delivery.
Beeline Capital Advisors Pvt Ltd and Elara Capital India Pvt Ltd are the book-running lead managers (BRLMs) for the general public difficulty, whereas Bigshare Companies Pvt Ltd is the registrar for the difficulty.
Shreeji Delivery Funds
In keeping with the monetary statements connected within the draft papers, the corporate’s internet revenue for the quarter ended September 30, 2024, was at ₹80.53 crore, with a complete earnings of ₹300.97 crore. The corporate’s internet value until the interval was at ₹297.17 crore.
The corporate’s internet 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 internet revenue of ₹83.46 crore as of the monetary yr ended 2021-22.
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