Shreeji Shipping Global Limited , a prominent player in the shipping industry, has released its monitoring agency report for the quarter ended September 30, 2025, detailing the utilization of proceeds from its Initial Public Offering (IPO) conducted in August 2025.

IPO Proceeds and Utilization

The company raised gross proceeds of Rs 4,107.10 million through its IPO, which took place from August 19-21, 2025. During the quarter, Shreeji Shipping Global utilized a total of Rs 1,181.88 million from the IPO proceeds. Here's a breakdown of the utilization:

General Corporate Purposes Breakdown

The funds allocated for general corporate purposes were utilized as follows:

Unutilized Proceeds

As of September 30, 2025, the company reported Rs 2,531.33 million in unutilized proceeds. The majority of these funds have been deployed in fixed deposits with various banks:

The remaining unutilized funds are held in current accounts and the company's monitoring account.

Monitoring Agency Report

CRISIL Ratings Limited, serving as the monitoring agency, reported no deviations from the disclosed objects of the IPO. The agency confirmed that all utilization was in line with the prospectus disclosures.

Future Plans

Shreeji Shipping Global Limited plans to use the remaining proceeds for the acquisition of Dry Bulk Carriers in the Supramax category from the secondary market. This strategic move aims to expand the company's logistics supply chain capabilities.

As the shipping industry continues to evolve, Shreeji Shipping Global's prudent utilization of IPO proceeds and strategic investments position it well for future growth and expansion in the maritime sector.

Investors and stakeholders can take confidence in the company's transparent reporting and adherence to its stated objectives, as verified by the independent monitoring agency.

Shreeji Shipping Global Limited , a prominent player in the dry bulk cargo logistics sector, has announced robust financial results for the first half of fiscal year 2026 (H1 FY26), demonstrating significant growth and improved profitability.

Financial Highlights

The company reported impressive growth across key financial metrics:

*EBITDA excludes exceptional items **Net Profit before exceptional items and tax

Operational Performance

Shreeji Shipping's revenue from operations reached ₹323.39 crore in H1 FY26, marking a 17.26% increase from ₹275.80 crore in the corresponding period last year. This growth is particularly noteworthy considering that the first half of the financial year typically sees lower revenue due to monsoon-related restrictions at some ports.

The company's EBITDA (excluding exceptional items) saw a substantial rise of 34.14%, reaching ₹118.63 crore compared to ₹88.44 crore in H1 FY25. The EBITDA margin improved significantly to 36.68% from 32.06%, representing an increase of 461 basis points.

Net profit before exceptional items and tax grew by 29.64% to ₹97.35 crore, with the net profit margin improving to 30.10% from 27.23% in the previous year.

Strategic Developments

Shreeji Shipping has received a Letter of Intent to establish Floating Crane Facilities at Diamond Harbour under the Syama Prasad Mukharjee Port Trust Kolkata. This strategic addition is expected to enhance the company's port-led services and contribute to revenue starting from the current financial year.

The company's management noted that net profit for Q2 FY26 increased by 14.75% over Q1 FY26, driven by efficient cargo handling and a disciplined focus on cost optimization.

Management Commentary

Mr. Ashokkumar Haridas Lal, Chairman & Managing Director, commented on the H1 FY26 performance: "Our H1 FY26 results demonstrate the strength and adaptability of our integrated shipping and logistics business. Despite seasonal challenges, we achieved revenue growth, supported by our diverse service offerings, long-term contracts, and wide geographic presence."

He further added, "With a well-diversified fleet, strong customer relationships, and a robust pipeline of projects, we remain confident in sustaining growth, enhancing profitability, and delivering long-term value to our stakeholders."

Future Outlook

The company expects the remaining quarters of FY26 to continue performing strongly. The fresh capital raised from its recent IPO is set to support the expansion of Shreeji Shipping's service portfolio, potentially driving further growth.

Shreeji Shipping Global Limited operates a fleet of more than 80 vessels and over 370 earthmoving equipment, focusing on dry bulk cargo logistics at various ports and jetties in India and Sri Lanka. With its strong market position and strategic initiatives, the company appears well-positioned for continued growth in the shipping and logistics sector.

Note: The financial figures for H1 FY25 include an exceptional income of ₹31.78 crore, which affects the year-on-year comparison of total comprehensive income and EPS.