New Delhi, Aug 26 (HS): Shreeji Shipping Global Ltd., a shipping and logistics solutions provider, made a premium debut on the bourses Tuesday with its shares listing nearly 8 percent higher but soon came under selling pressure, trimming investor gains.

The company’s stock, issued at ₹252 per share through its IPO, was listed at ₹271.85 on the BSE and ₹270 on the NSE. Post-listing, the counter saw volatile trade, climbing to an intraday high of ₹275 on buying support before slipping sharply to ₹252.20 as selling intensified.

After a choppy session, the stock finally closed at ₹255.10 on the BSE, leaving IPO investors with just a 1.23 percent gain over the issue price, much lower than the opening premium.

Shreeji Shipping had launched its ₹411-crore IPO between August 19 and 21, which received a strong response, being subscribed 58 times overall. The issue was entirely a fresh offer of shares priced in the range of ₹240–₹252 apiece, with a minimum bid requirement of 58 shares (₹14,616 investment).

However, today’s listing dampened investor sentiment as the debut performance fell short of grey market expectations, which had pointed to an 11 percent premium. Instead, the stock opened with an 8 percent gain and gradually lost ground under sustained selling pressure.

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Hindusthan Samachar / Jun Sarkar