Key IPO Goal Delayed; ₹2.5B for Ship Purchase Remains Unutilized
Shreeji Shipping Global Limited · 544490 · NSE ·
The company has not used any of the ₹2,512 million allocated for its main IPO goal: acquiring Dry Bulk Carriers. This misses the planned timeline of Fiscal 2026. Management blames the delay on "geopolitical developments, prevailing market dynamics and ongoing negotiations." The u…