New Delhi, Aug. 25 -- The grey market premium (GMP) has hinted at a modest debut for Shreeji Shipping Global shares, scheduled to list on Tuesday, August 26. The allotment for the initial public offering (IPO) was finalised on August 22, following the subscription window that opened on August 19 and closed on August 21. The IPO was offered at a price band of Rs.240 to Rs.252 per share.

The GMP for Shreeji Shipping Global IPO stood at 34. This implied potential listing gains of around 13.5 percent, with shares expected to list at Rs.286 as against the upper price band of Rs.252.

The IPO was a book-built issue worth Rs.410.71 crore, comprising a fresh issue of 1.63 crore shares.

The lot size for retail investors was fixed at 58 shares, t...