Upcoming IPO: Jamnagar-based transport 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 lift funds through a recent subject 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 subject of a whole recent subject of as much as 2 crore fairness shares, with a face worth of ₹10 per share, in keeping with 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 shall 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 partially or filled with the agency’s excellent borrowings. The remainder of the proceeds raised from the IPO shall 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 subject, whereas Bigshare Providers Pvt Ltd is the registrar for the problem.
Shreeji Delivery Funds
Based on the monetary statements hooked up within the draft papers, the corporate’s internet revenue for the quarter ended September 30, 2024, was at ₹80.53 crore, with a complete revenue of ₹300.97 crore. The corporate’s internet price until the interval was at ₹297.17 crore.
The corporate’s internet revenue for the monetary 12 months ended 2023-24 was at ₹124.51 crore, which is 4.7 per cent greater than ₹118.88 crore within the earlier monetary 12 months. The corporate recorded a internet revenue of ₹83.46 crore as of the monetary 12 months ended 2021-22.
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