Shreeji Shipping Global Ltd IPO

Our Company was constituted as a partnership firm namely, Shreeji Shipping through deed of partnership dated June 14, 1995 (the Partnership). Subsequently, the Partnership was converted to a private limited company, pursuant to a resolution passed at the meeting of Partners dated March 02, 2024. Consequently, the name of our Company was changed to Shreeji Shipping Global Private Limited and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Central Registration Centre on April 11, 2024. Our Company received the approval of its shareholders at their extra-ordinary general meeting held on October 17, 2024 for conversion of the Company into a public limited company, the name of our Company was thereafter changed to Shreeji Shipping Global Limited and a fresh certificate of incorporation consequent upon change of name upon conversion to public limited company was issued to our Company by the Registrar of Companies, Central Processing Centre on November 18, 2024.

According to D&B Report, the cargo handled at ports in India is expected to grow at a CAGR of 10.80% from 1,540 MMTs of cargo in Fiscal 2024 and to 2,849 MMTs in Fiscal 2030. Further, total cargo handled by ports situated in Gujarat is expected to increase from 317.20 MMTs in Fiscal 2024 to 720 MMTs in Fiscal 2030, representing CAGR of 17.50%. India has a vast coastline of 7,516.6 km, supporting the waterways freight movement and coastal economic activities through 12 major ports and 217 minor ports as of as of FY 2024. However, amongst minor port, cargo handling activities in India takes place through 78 Non-Major Ports while others are used for fishing purpose. The major ports fall under the administration of the central government of India and the minor/non-major ports are under the state administration. In terms of number of ports, Gujarat ranks second after Maharashtra and with the one major port name: Deendayal Port (Kandla) and about 48 minor ports. The minor ports in Gujarat, are strategically positioned to support the movement of specialized cargo like coal and minerals. India's logistics sector, one of the largest globally, is vital to the nation's economic growth. It links various economic elements and encompasses transportation, warehousing, and other supply chain solutions ranging from the suppliers to the end-customers. India's logistics industry has experienced a transformative journey, fueled by the liberalization of the economy in the 1990s, which opened doors to increased international trade and foreign investments. With a vast coastline, well-developed ports, and a strategic location, India has become an attractive destination for optimizing global supply chain networks.

Our company provides shipping and logistic solution for dry bulk cargo at various Ports and Jetties at India and Sri Lanka. As of September 30, 2024, we have fleet of more than 75 vessels (consisting of barges, mini bulk carriers (MBCs), tug boats and floating cranes) and more than 380 earthmoving equipment (consisting of material handling machines, excavators, pay loaders, tippers including trailers, tankers and other vehicles) in services of our clients. We have a legacy of more than two and half decades in the shipping and logistic industry with prominent experience in cargo handling, transportation, fleet chartering and equipment rentals and other ancillary services. We offer comprehensive shipping and logistic solutions for dry bulk cargo, including cargo handling and transportation services. Under our cargo handling segment, we provide STS (Ship to Ship) Lighterage, Stevedoring and other port services including cargo management services. Further, as a part of logistic supply chain, we also provide transportation services for dry bulk cargo including port to premise drop-off and vice versa.