Shreeji Shipping Global Limited has submitted its statement of deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO) for the quarter ended December 31, 2025. The company confirmed that there were no deviations or variations in the utilization of funds as per the requirements of Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The IPO, which raised ₹4,107.1 million (410.71 crore) through the issuance of 16,298,000 equity shares at ₹252 per share, had its trading approval dated August 26, 2025, with allotment made on August 22, 2025. The statement detailed the utilization of funds across various objectives. For the acquisition of Dry Bulk Carriers in the Supramax category, ₹2,511.79 million (251.18 crore) was allocated, and this amount was fully utilized. For repayment/prepayment of loans, ₹230.00 million (23.00 crore) was allocated and fully utilized. General corporate purposes had an allocation of ₹953.64 million (95.36 crore), which was also fully utilized. Issue expenses amounted to ₹411.67 million (41.17 crore), with ₹403.80 million (40.38 crore) utilized, leaving an unutilized amount of ₹7.87 million (0.79 crore). The Audit Committee reviewed this statement in its meeting held on February 5, 2026, and found no deviations. The company, formerly known as Shreeji Shipping Global Private Limited and Shreeji Shipping, has its registered office in Jamnagar, Gujarat.
