Statement of Deviation/Variation in IPO fund utilization for quarter and half year ended September 30, 2025
Shreeji Shipping reports on the utilization of IPO funds for the quarter and half year ended September 30, 2025, stating no deviations in fund allocation.
The announcement is a routine compliance filing and does not contain information likely to significantly affect the company's stock price or operations.
The announcement is a compliance report on the utilization of IPO funds, with no indication of positive or negative implications.
* Shreeji Shipping Global Limited submitted a statement regarding deviation/variation in the utilization of funds raised through its Initial Public Offer (IPO) for the quarter and half-year ended September 30, 2025. * The IPO took place on August 22, 2025, with trading approval received on August 26, 2025. * ₹41.07 crore (Rs. 410.71 million) was raised through the fresh issue of 16,298,000 equity shares at ₹252 per share. * The funds were allocated as follows: * ₹25.11 crore (Rs. 251.179 million) for the acquisition of Dry Bulk Carriers. * ₹2.30 crore (Rs. 23.00 million) for repayment/prepayment of loans. * ₹9.53 crore (Rs. 95.364 million) for general corporate purposes, with ₹9.51 crore (Rs. 95.188 million) utilized and ₹17,600 unutilized. * ₹4.11 crore (Rs. 41.167 million) for issue expenses, with ₹3.93 crore (Rs. 39.389 million) utilized and ₹177,800 unutilized. * The statement was reviewed by the Audit Committee in its meeting held on October 27, 2025. * There was no deviation/variation in the use of funds raised.
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Shreeji Shipping Global Limited filed this with the NSE as a statutory disclosure, categorised under sebi compliance filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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