New Delhi, Aug. 18 -- Shreeji Shipping Global is all set to launch its Rs.400 crore initial public offering (IPO) on August 19. The upcoming mainboard segment IPO will remain for subscription till August 21.

Around 50 per cent of the issue has been allocated to Qualified Institutional Buyers (QIBs), 35 per cent has been booked for retail investors, and the remaining 15 per cent for Non-Institutional Investors (NIIs).

Shreeji Shipping intends to utilize Rs.251.2 crore for purchasing Supramax dry bulk carriers from the secondary market to expand its fleet and enhance operational capacity. Additionally, Rs.23 crore has been set aside for debt repayment to strengthen its balance sheet, while the rest will go toward general corporate purpose...