Home / Business and Economy / Wealth Expert Recommends Investing in Shreeji Shipping Global IPO
Wealth Expert Recommends Investing in Shreeji Shipping Global IPO
21 Aug
Summary
- Shreeji Shipping operates in shipping and logistics, focusing on dry bulk cargo
- Services spread across 20 Indian ports and 1 Sri Lankan port
- Improved profitability due to cost management and niche offerings
According to a recent analysis, the upcoming Shreeji Shipping Global IPO has received a 'subscribe - may apply for listing gain and long term' rating from Shivani Nyati, Head of Wealth at Swastika Investmart.
Shreeji Shipping is a company operating in the shipping and logistics sector, with a focus on dry bulk cargo. The company's services are spread across 20 ports and jetties in India, as well as one port in Sri Lanka. While the company has seen a declining trend in revenue in recent years, its profitability has improved due to effective cost management and niche service offerings.
Nyati noted that considering Shreeji Shipping's latest financial performance, the valuation of the IPO seems fair. She recommended that investors with a medium to long-term horizon may consider investing in the issue, as the company's operations and financial position appear to be in a favorable position.
