Basis of Allotment

THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY. THIS IS NOT A PROSPECTUS ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE PURCHASE OR SUBSCRIBE TO SECURITIES. NOT FOR RELEASE. PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY OUTSIDE INDIA.
Initial Public Issue of equity shares on the main board of BSE Limited ("BSE") and National Stock Exchange of Into Limited ("NSE" and together with BSE the "Stock Exchanges") in compliance with Chapter II of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018 as amended ("SEBI ICDR Regulations").
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SHREEJI SHIPPING GLOBAL LIMITED

Our Company was constituted as a partnership firm namely, M/s Shreeji Shipping through deed of partnership dated June 14, 1995 (the "Partnership"). Subsequently, the Partnership was converted to a private limited company, pursuant to a resolution passed at the meeting of Partners dated March 02, 2024. Consequently, the name of our Company was changed to "Shreeji Shipping Global Private Limited" and a fresh certificate of incorporation consequent up on change of name was issued by the Registrar of Companies, Central Registration Centre on April 11, 2024. Our Company received the approval of its shareholders at their extra-ordinary general meeting held on October 17, 2024 for conversion of the Company into a public limited company, the name of our Company was thereafter changed to "Shreeji Shipping Global Limited" and a fresh certificate of incorporation consequent upon conversion to public limited company was issued to our Company by the Registrar of Companies, Central Processing Centre on November 18, 2024. For further details, see "History and Certain Corporate Matters" on page 230 of the Prospectus dated August 22, 2025 ("Prospectus").

Corporate Identity Number: U52242GJ2024PLC150537
Registered and Corporate Office: "Shreeji House", Town Hall Circle, Kalavad, Jamnagar - 361001, Gujarat, India.
Contact Person: Archanaba Krunalsinh Gohil, Company Secretary and Compliance Officer; Tel: +91 288 2553331, E mail: info@shreejishipping.in, Website: www.shreejishipping.in
OUR PROMOTERS: ASHOKKUMAR HARIDAS LAL AND JITENDRA HARIDAS LAL

Our Company has filed the Prospectus with the RoC and the Equity Shares (as defined below) are proposed to be listed on the Main Board platform of the stock exchange and the trading will commence on August 26, 2025.

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFERING OF 16,298,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF SHREEJI SHIPPING GLOBAL LIMITED (THE "COMPANY" THE "ISSUER") FOR CASH AT A OR PRICE OF RS. 252 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 242 PER EQUITY SHARE) ("ISSUE PRICE"). AGGREGATING UP TO RS. 4,107.10 MILLION (THE "ISSUE").' THE ISSUE SHALL CONSTITUTE 10.00 % OF THE POST ISSUE PAID-UP EQUITY SHARE CAPITAL.

ANCHOR INVESTOR ISSUE PRICE: RS. 252 PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH
ISSUE PRICE: RS. 252 PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH
THE ISSUE PRICE IS 25.2 TIMES THE FACE VALUE OF THE EQUITY SHARES.
RISKS TO INVESTORS
For details refer to section titled "Risk Factors" on page 37 of the Prospectus.

1. Dependence on Non-Major Ports : Our dependence on Non-Major Ports may involve certain operational and regulatory risks that are different from those associated with Major Ports. The major ports fall under the administration of the central government of India and the minor/non-major ports are under the state administration. This may lead to variability in operational practices, port infrastructure, tariffs, and regulatory requirements. Further, Non-Major Ports may have relatively limited infrastructure, dredging capabilities, or connectivity, which may impact turnaround time, vessel handling efficiency, or scalability during peak demand. Any change in local government policies, increase in port tariffs, imposition of new levies or duties, or restrictions on cargo types at these ports could adversely affect our business, results of operations and financial condition. Following table provides revenue from operations derived from Major, Non-major and foreign ports in the reporting period:

Particulars Fiscal 2025 Fiscal 2024 Fiscal 2023
Amount (Rs. in millions) % of revenue from operation Amount (Rs. in millions) % of revenue from operation Amount (Rs. in millions) % of revenue from operation
Major Ports 22.12 0.36% 97.82 1.34% 763.68 9.23%
Non-Major Ports (including private jetties) 5,566.50 91.61% 6,312.23 86.35% 7,001.36 84.66%
Foreign Ports 424.90 6.99% 857.89 11.74% 423.02 5.12%

2. Revenue Dependence on our largest customer: We had derived 20.86%, 15.20%, and 16.83% of our revenue from operations from our largest customer in Fiscal 2025, 2024 and 2023 amounting to Rs. 1,267.51 million, Rs. 1,111.23 million, Rs. 1,391.71 million respectively. Any loss or reduction of business from this customer and our inability to maintain close relationship with this customer could reduce our revenues and adversely affect our business, cash flows, financial condition and results of operations. The table below set forth the details of revenue derived from our largest customer:

Particulars Fiscal 2025 Fiscal 2024 Fiscal 2023
Revenue derived from largest customer 1,267.51 1,111.23 1,391.71
% of derived from largest customer 20.86% 15.20% 16.83%

3. Revenue Dependence on Top 10 Customers: Our business is concentrated with our top 10 customers which expose us to a high risk of customer concentration. In the Fiscal 2025, Fiscal 2024, and Fiscal 2023, we have served 106,102 and 96 customers, respectively. We derive a significant portion of our revenue from operations from our top 10 customers, with our top 10 customers contributing 64.12 %, 68.79%, and 75.87% of our revenue from operations in the Fiscal 2025, Fiscal 2024, and Fiscal 2023 respectively. Loss of any of these customers or a reduction in purchases by any of them could adversely affect our business, results of operations, cash flows and financial condition. The table below sets forth our revenue from our largest customer, top three (3) customers and top ten (10) customers and their contribution to our revenue from operations for the periods indicated.

Particulars Fiscal 2025 Fiscal 2024 Fiscal 2023
Rs. million % of revenue from operations Rs. million % of revenue from operations Rs. million % of revenue from operations
Largest customer 1,267.51 20.86% 1,111.23 15.20% 1,391.71 16.83%
Top 3 customers 2,386.79 39.28% 2,829.10 38.70% 3,245.06 39.24%
Top 10 customers 3,896.29 64.12% 5,028.80 68.79% 6,274.21 75.87%

4. Industry Concentration Risk: We primarily cater to our customers in various sectors including oil and gas, energy and power, fast moving consumer goods (FMCG), coal and the metal industry. We are dependent on the performance of industries such as Oil and Gas, Energy and Power and Coal, aggregating to 54.11%, 49.51%, and 46.15% for the Fiscal 2025, Fiscal 2024, and 2023, respectively, in which our customers operate. Any fluctuation in the performance of the industries in which certain of our customers operate may result in a loss of customers, leading to reduction in volume of cargo for which we provide our integrated services. The table below sets out the percentage of revenue from operations from our customers operating in certain sectors, for the periods indicated.

Revenue from operations by Industry type Fiscal 2025 Fiscal 2024 Fiscal 2023
Amount (Rs. in millions) % of revenue from operation Amount (Rs. in millions) % of revenue from operation Amount (Rs. in millions) % of revenue from operation
Oil and Gas 1,412.96 23.25% 1,975.69 27.03% 2,323.55 28.10%
Energy and Power 805.63 13.26% 1,072.29 14.67% 909.22 10.99%
Coal 1,069.35 17.60% 571.20 7.81% 583.94 7.06%
Shipping and Logistic 431.09 7.09% 737.49 10.09% 1,554.01 18.79%
FMCG 177.26 2.92% 231.40 3.17% 361.10 4.37%
Metal - - 440.73 6.03% - -
Steel - - - - 542.40 6.56%
Other than Top 10 Customers 2,179.84 35.88% 2,281.23 31.21% 1,995.75 24.13%
Total 6,076.13 100.00% 7,310.03 100.00% 8,269.97 100.00%

5. Dependence of revenue generation on cargo handling: Our business is dependent on our ability to attract sufficient volume of cargo from our customers to achieve desired margins and avoid losses. Any failure on our part to achieve desired operating or net profit margins could have an adverse impact on our business, results of operations and financial condition. The table set forth below provides our consolidated revenue from operations from our cargo handling business for the periods indicated.

Particulars Fiscal 2025 Fiscal 2024 Fiscal 2023
Amount (Rs. in millions) % of revenue from operations Amount (Rs. in millions) % of revenue from operations Amount (Rs. in millions) % of revenue from operations
Revenue from Cargo handling 4,823.60 79.39% 5,065.01 69.29% 5,434.53 65.71%

6. Risk of competition from domestic and international shipping and logistic players: We face significant competition from domestic and international shipping and logistic players which may lead to a reduction in our market share, which in turn may adversely affect our business, results of operations, financial condition and cash flows. Our inability to compete effectively could affect our ability to retain our existing customers or attract new customers.

7. Risks associated with transportation and damage to cargo: We are subject to various risks associated with transportation and we may face claims relating to loss or damage to cargo, personal injury claims or other operating risks that are not adequately insured. There have been instances in past, wherein we were not able to load and unload vessels within a specified timeframe and have been subject to Demurrage charges by our customers.

Particulars Fiscal 2025 Fiscal 2024 Fiscal 2023
Demurrage expenses in millions) 15.66 32.37 33.02
As a % of cost of services 0.42% 0.65% 0.55%

The details of claims made by customers for shortage of carego in the respective period is provided below:

Particulars Fiscal 2025 Fiscal 2024 Fiscal 2023
Claims made by customers for shortage of Cargo - - 14.05

8. Reliance on rented properties and short-term rental arrangements: Our Registered Office, workshop and certain residential premises are not located on land owned by us. In the event we lose or are unable to renew such agreements, our business, financial condition and results of operations may be adversely affected. The reliance on rented properties and short-term rental arrangements exposes us to several risks, including the non-renewal of agreements, unfavorable renewal terms, or termination of agreements. Any inability to renew or extend these agreements, particularly for our Registered Office, workshop, or residential premises, may disrupt our operations. Additionally, the reliance on port authority plots for short-term storage introduces further unpredictability, as such arrangements are subject to availability and fluctuating terms.

9. Lack of information, or confirmations or undertakings by the members of our Promoter Group: Some of the members of our Promoter Group have not consented to the inclusion of, nor have they provided, information or any confirmations or undertakings pertaining to themselves or the entities in which they hold interest, which are required to be disclosed in the Prospectus, under the SEBI ICDR Regulations. The disclosures relating to the members of the Promoter Group have been included in the Prospectus based on information available in public domain. Accordingly, we cannot assure you that the disclosures relating to such members of our Promoter Group are accurate, complete, or updated.

10. The Issue Price, market capitalization to revenue from operations multiple and price to earnings ratio of our company based on the Issue Price, may not be indicative of the market price of the Company on listing or thereafter. Set forth below are details regarding our revenue from operations and restated profit / (loss) after tax for the periods indicated.

Particulars Fiscal 2025 Fiscal 2024 Fiscal 2023
Revenue from operations 6,076.13 7,310.03 8,269.97
Profit After Tax 1,412.37 1,245.12 1,188.85

Set forth below are details of our i) Market Cap to Revenue (on Cap and Floor Prices) ii) Market Cap to Tangible Assets (on Cap and Floor Prices) iii) EV/EBITDA (on Cap and Floor Price), for the periods indicated.

Particulars Fiscal 2025 Fiscal 2024 Fiscal 2023
Cap Price to earnings ratio 25.65 28.35 29.70
Market capitalisation (2) (based on the Floor Price) to revenue from operations multiple 6.44 5.35 4.73
Market capitalisation (2) (based on the Cap Price) to revenue from operations multiple 6.76 5.62 4.96
Market capitalisation (2) (based on the Floor Price) to Tangible Assets(3) 10.68 10.54 10.83
Market capitalisation (2) (based on the Cap Price) to Tangible Assets (3) 11.21 11.07 11.37
Enterprise Value (4) (based on the Floor Price) to EBITDA (5) 20.23 20.55 21.63
Enterprise Value (4) (based on the Cap Price) to EBITDA (5) 21.21 21.54 22.67

Notes:

1 For the purpose of calculation, cap price is taken as Rs.252 per Equity share, as advertised and floor price is taken as Rs.240 per Equity Share.

2 Market capitalisation is calculated as post issue number of shares multiplied by cap price/floor price.

3 Tangible assets have been taken as appeared as Net Block of Property, Plant and Equipment in the Restated statement of assets and liabilities.

4 Enterprise Value= Market capitalization + total debt including long-term debt (-) Cash and Cash Equivalent.

5 EBITDA= Restated profit after tax for the year/period before exceptional items + finance costs + total tax expense/(credit) + depreciation and amortisation expense.

11. Dependence on knowledge and experience of Promoters. Directors, Key Managerial Personnel and Senior Management: Any loss of our Promoters, Directors, Key Managerial Personnel and Senior Management or our ability to attract and retain them and other skilled personnel could adversely affect our business, results of operations and financial condition. We depend on the management skills and guidance of our Promoters and Board of Directors for development of business strategies, monitoring their successful implementation and meeting future challenges. The attrition for KMP and SMP is 11.11 % for Fiscal 2025.

As of March 31, 2025, we had 1,173 full-time employees. The table below set forth the attrition rate for our employees for the periods indicated:

Particulars Fiscal 2025 Fiscal 2024 Fiscal 2023
Attrition rate* (%) 37.08% 14.88% 18.44%

*Attrition rate = Number of employees left during the year/period divided by average of opening and closing of number of employees.

12. Other Risks:

(i) Weighted average cost of acquisition of all shares transacted in the three years, 18 months and one year preceding the date of the Prospectus.

Period Weighted average cost of acquisition per Equity Share (in Rs.) Cap Price is ‘x' times the weighted average cost of acquisition Range of acquisition price per Equity Share: lowest price - highest price (in Rs.)^*
Last one year preceding the date of the Prospectus 11.46 21.99 Nil-257.54
Last 18 months preceding the date of the Prospectus 11.46 21.99 Nil-257.54
Last three years preceding the date of the Prospectus 11.46 21.99 Nil-257.54

* As the shares acquired by the promoters in last one year/last eighteen months/last three years prior to the certificate includes only acquisition by way of bonus or gift, the Weighted average price of Equity Shares has been taken as Nil. Further, the impact of the issuance of bonus shares has been considered in the calculation weighted average cost of acquisition per Equity Share and range of acquisition price.

(ii) Weighted Average cost of Acquisition at Floor and Cap Price.

Past Transactions Weighted average cost of acquisition per Equity Share (Rs.) Floor Price (i.e., Rs. 240) Cap Price (i.e., Rs. 252)
a. Weighted average cost of acquisition of Primary Issuances in last eighteen months Not Applicable - -
b. Weighted average cost of acquisition of Secondary Transactions in last eighteen months Not Applicable - -
c. Weighted average cost of acquisition of Primary and Secondary Transactions in last three years in case (a) and (b) is not available
Last 5 Primary Transaction 11.46 20.94 21.99
Last 5 Secondary Transaction Nil - -

(iii) Return on Net Worth for Fiscal 2025,2024 and 2023 is 42.91%, 43.61% and 58.17%, respectively. While, the Weighted Average Return on Net Worth for Fiscal 2025, 2024 and 2023 is 45.68%.

(iv) The two BRLMs associated with the Issue have handled 61 public issues in the past three financial years, out of which 2 issues closed below the issue price on listing date -

Name of BRLMs Total Issues Issues closed below IPO price as on listing date
Beeline Capital Advisors Private Limited 58 2
Elara Capital (India) Private Limited 3 0
Common Issues 0 0
Total 61 2
BID/ISSUE PROGRAMME:
ANCHOR INVESTOR BIDDING DATE OPENED AND CLOSED ON: MONDAY, AUGUST 18, 2025
BID/ISSUE OPENED ON: TUESDAY, AUGUST 19, 2025
BID/ISSUE CLOSED ON: THURSDAY, AUGUST 21, 2025

This Issue has been made in terms of Rule 19(2)(b) of the SCRR, read with Regulation 31 of the SEBI ICDR Regulations. The Issue was made through the Book Building Process in terms of Regulation 6 (1) of the SEBI ICDR Regulations, wherein not more than 50% of the Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers (QIBs and such portion, the "QIB Portion"), in consultation with the BRLMs, allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis ("Anchor Investor Portion"), out of which one-third was reserved for domestic Mutual Funds, subject to valid Bids having been received from domestic Mutual Funds at or above the price at which allocation was made to Anchor Investors ("Anchor Investor Allocation Price"), in accordance with the SEBI ICDR Regulations. Further, 5% of the Net QIB Portion was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion was available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. However, if the aggregate demand from Mutual Funds was less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion was added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Issue was made available for allocation to Non-lnstitutional Bidders ("Non-lnstitutional Portion") of which (a) one-third of the Non-lnstitutional Portion shall be reserved for Bidders with an application size between Rs. 0.20 million up to Rs. 1.00 million and (b) two-thirds of the Non-lnstitutional Portion was reserved for Bidders with an application size exceeding Rs. 1.00 million, and not less than 35% of the Issue was made available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids having been received from them at or above the Issue Price. All potential Bidders (except Anchor Investors) were mandatorily required to participate in the Issue through the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders using the UPI Mechanism, as applicable, pursuant to which their corresponding Bid Amount was blocked by the Self Certified Syndicate Banks ("SCSBs") or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors were not permitted to participate in the Issue through the ASBA Process. For further details, see "Issue Procedure" on page 399 of the Prospectus.

SUBSCRIPTION DETAILS

The bidding for Anchor Investor opened and closed on Monday, August 18, 2025. The company received 15 applications from 14 anchor investors for 6,559,742 equity shares. The Anchor investor price was finalized at Rs. 252 per Equity Share. A total of 4,889,400 Equity Shares were allocated under the Anchor Investor Portion aggregating to Rs. 1,232,128,800/-

The Issue received 2,002,775 applications for 669,920,996 Equity Shares (prior to rejections) resulting in 41.10 times subscription. The details of the applications received in the Issue from various categories are as under: (before rejections):

SI. No. Category No. of Applications received* No. of Equity Shares applied* No. of Equity Shares reserved as per Prospectus No. of times Subscribed Amount (Rs.)
A Retail Individual Investors 1,901,977 125,480,158 5,704,300 22.00 31,624,104,208
B Non-lnstitutional Investors - More than Rs. 0.20 million Up to Rs. 1.00 million 71,418 59,645,808 814,900 73.19 15,026,455,038
C Non-lnstitutional Investors - Above Rs. 1.00 million 29,291 119,550,528 1,629,800 73.35 30,126,674,940
E Qualified Institutional Bidders (excluding Anchors Investors) 74 358,684,760 3,259,600 110.04 90,388,559,520
F Anchor Investors 15 6,559,742 4,889,400 1.34 1,653,054,984
Total 2,002,775 669,920,996 16,298,000 41.10 168,818,848,690

*This includes 2,344 applications for 1,35,952 Equity Shares from Retail Individual Investor which were not in book but excludes bids (UPI Mandates & SCSBs cancelled) not accepted by investor.

Final Demand

A summary of the final demand as at different Bid prices is as under:

Sr. No. Bid Price (Rs) No. of Equity Shares % to Total Cumulative Total Cumulative % of Total
1 240.00 111,070 0.0162 111,070 0.016
2 241.00 4,872 0.0007 115,942 0.017
3 242.00 12,354 0.0018 128,296 0.019
4 243.00 2,262 0.0003 130,558 0.019
5 244.00 1,798 0.0003 132,356 0.019
6 245.00 21,344 0.0031 153,700 0.022
7 246.00 3,016 0.0004 156,716 0.023
8 247.00 1,914 0.0003 158,630 0.023
9 248.00 3,886 0.0006 162,516 0.024
10 249.00 1,044 0.0002 163,560 0.024
11 250.00 30,218 0.0044 193,778 0.028
12 251.00 14,732 0.0021 208,510 0.030
13 252.00 567,198,820 82.6901 567,407,330 82.720
14 CUT OFF 118,526,016 17.2795 685,933,346 100.000
TOTAL 685,933,346 100.0000

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on August 22, 2025.

A. Allotment to Retail Individual Bidders (After Rejections) (including ASBA Applications)

The Basis of Allotment to the Retail Individual Investors, who have bid at the Cut-Off Price or at the Issue Price of Rs. 252 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 21.57 times. The total number of Equity Shares Allotted in Retail Portion is 5,704,300 Equity Shares to 98,350 successful Retail Individual Investors. The category-wise details of the Basis of Allotment are as under:

Sr. No. Category No. of Applications Received %of Total Total No. of Equity Shares Applied % to Total No. of Equity Shares Allotted per Bidder Ratio Total No. of Equity Shares Allotted
1 58 1,776,949 95.31 103,063,042 83.78 58 47:891 5,436,572
2 116 45,920 2.46 5,326,720 4.33 58 25:474 140,476
3 174 13,995 0.75 2,435,130 1.98 58 27:512 42,804
4 232 6,661 0.36 1,545,352 1.26 58 44:835 20,358
5 290 5,590 0.30 1,621,100 1.32 58 39:739 17,110
6 348 2,161 0.12 752,028 0.61 58 23:436 6,612
7 406 2,643 0.14 1,073,058 0.87 58 52:989 8,062
8 464 712 0.04 330,368 0.27 58 19:356 2,204
9 522 566 0.03 295,452 0.24 58 15:283 1,740
10 580 1,986 0.11 1,151,880 0.94 58 35:662 6,090
11 638 363 0.02 231,594 0.19 58 19:363 1,102
12 696 359 0.02 249,864 0.20 58 19:359 1,102
13 754 6,552 0.35 4,940,208 4.02 58 47:890 20,068
TOTAL 1,864,457 100.00 123,015,796 100.00 5,704,300

B. Allotment to Non-lnstitutional Bidders (More than Rs. 0.20 million Up to Rs. 1.00 million) (After Rejections) (including ASBA Applications)

The Basis of Allotment to the Non-lnstitutional Investors (more than Rs. 0.20 million Up to Rs. 1.00 million), who have bid at the Issue Price of Rs. 252 per Equity Share or above, was finalized in consultation with BSE. This category has been subscribed to the extent of 72.21 times. The total number of Equity Shares allotted in this category is 814,900 Equity Shares to 1,003 successful applicants. The category-wise details of the Basis of Allotment are as under:

Sr. No. Category No. of Applications Received %of Total Total No. of Equity Shares Applied % to Total No. of Equity Shares Allotted per Bidder Ratio Total No. of Equity Shares Allotted
1 812 67,712 96.06 54,982,144 93.43 812 4:281 782,768
2 870 917 1.30 797,790 1.36 812 13:917 10,556
3 928 223 0.32 206,944 0.35 812 3:223 2,436
4 986 112 0.16 110,432 0.19 812 1:56 1,624
5 1,044 117 0.17 122,148 0.21 812 2:117 1.624
6 1,102 61 0.09 67,222 0.11 812 1:61 812
7 1,160 239 0.34 277,240 0.47 812 3:239 2,436
8 1,218 98 0.14 119,364 0.20 812 1:98 812
12 1.450 39 0.06 56,550 0.10 812 1:39 812
14 1.566 40 0.06 62,640 0.11 812 1:40 812
15 1,624 163 0.23 264,712 0.45 812 2:163 1,624
21 1,972 234 0.33 461,448 0.78 812 1:78 2,436
22 2,030 92 0.13 186,760 0.32 812 1:92 812
52 3,944 85 0.12 335,240 0.57 812 1:85 812
9 1,276 20 0.03 25,520 0.04 812 0 0
10 1,334 14 0.02 18,676 0.03 812 0 0
11 1,392 24 0.03 33,408 0.06 812 0 0
13 1,508 17 0.02 25,636 0.04 812 0 0
16 1,682 8 0.01 13,456 0.02 812 0 0
17 1,740 31 0.04 53,940 0.09 812 0 0
18 1,798 13 0.02 23,374 0.04 812 0 0
19 1,856 8 0.01 14,848 0.03 812 0 0
20 1,914 29 0.04 55,506 0.09 812 0 0
23 2,088 14 0.02 29,232 0.05 812 0 0
24 2,146 1 0.00 2,146 0.00 812 0 0
25 2,204 7 0.01 15,428 0.03 812 0 0
26 2,262 1 0.00 2,262 0.00 812 0 0
27 2,320 32 0.05 74,240 0.13 812 0 0
28 2,378 10 0.01 23,780 0.04 812 0 0
29 2,436 33 0.05 80,388 0.14 812 0 0
30 2,494 7 0.01 17,458 0.03 812 0 0
31 2,552 1 0.00 2,552 0.00 812 0 0
32 2,610 4 0.01 10,440 0.02 812 0 0
33 2,668 2 0.00 5,336 0.01 812 0 0
34 2,726 2 0.00 5,452 0.01 812 0 0
35 2,784 4 0.01 11,136 0.02 812 0 0
36 2,900 27 0.04 78,300 0.13 812 0 0
37 2,958 4 0.01 11,832 0.02 812 0 0
38 3,016 6 0.01 18,096 0.03 812 0 0
39 3,074 1 0.00 3,074 0.01 812 0 0
40 3,132 7 0.01 21,924 0.04 812 0 0
41 3,190 4 0.01 12,760 0.02 812 0 0
42 3,248 10 0.01 32,480 0.06 812 0 0
43 3,306 3 0.00 9,918 0.02 812 0 0
44 3,480 1 0.00 3,480 0.01 812 0 0
45 3,538 2 0.00 7,076 0.01 812 0 0
46 3,596 2 0.00 7,192 0.01 812 0 0
47 3,654 1 0.00 3,654 0.01 812 0 0
48 3,712 2 0.00 7,424 0.01 812 0 0
49 3,770 4 0.01 15,080 0.03 812 0 0
50 3,828 1 0.00 3,828 0.01 812 0 0
51 3,886 4 0.01 15,544 0.03 812 0 0
52 Please Note: 1 (One) lot of 812 shares have been allocated to all the Applicants from Categories from Serial No. 9 to 51 = 4060 shares in ratio of 5:361 5:361 4,060
11 Additional shares will be allotted to successful allotees from Sr no. 2 to 52 = 429 1:1 429
1 Additional share will be allotted to successful allotees from Sr no. 2 to 51 = 35 shares in ratio of 35:39 35:39 35
GRAND TOTAL 70,493 100.00 58,846,510 100.00 814,900

C. Allotment to Non-lnstitutional Investors (more than Rs.1.00 million) (After Rejections) (including ASBA Applications)

The Basis of Allotment to the Non-lnstitutional Investors (more than Rs. 1.00 million), who have bid at the Issue Price of Rs. 252 per Equity Share or above, was finalized in consultation with BSE. This category has been subscribed to the extent of 72.82 times. The total number of Equity Shares allotted in this category is 1,629,800 Equity Shares to 2,007 successful applicants. The category-wise details of the Basis of Allotment are as under: (Sample)

Sr. No. Category No. of Applications Received % of Total Total No. of Equity Shares Applied % to Total No. of Equity Shares Allotted per Bidder Ratio Total No. of Equity Shares Allotted
1 4,002 27,796 95.61 111,239,592 93.73 812 33:478 1,558,228
2 4,060 496 1.71 2,013,760 1.70 812 17:248 27,608
3 4,118 130 0.45 535,340 0.45 812 9:130 7,308
4 4,176 100 0.34 417,600 0.35 812 7:100 5,684
5 4,234 74 0.25 313,316 0.26 812 5: 4,060
6 4,292 17 0.06 72,964 0.06 812 1:17 812
7 4,350 68 0.23 295,800 0.25 812 5:68 4,060
8 4,408 13 0.04 57,304 0.05 812 1:13 812
9 4,466 14 0.05 62,524 0.05 812 1:14 812
10 4,524 41 0.14 185,484 0.16 812 3:41 2,436
11 4,582 14 0.05 64,148 0.05 812 1:14 812
12 4,640 12 0.04 55,680 0.05 812 1:12 812
13 4,698 13 0.04 61,074 0.05 812 1:13 812
17 4,930 8 0.03 39,440 0.03 812 1:8 812
26 5,684 36 0.12 204,624 0.17 812 1:18 1,624
28 5,800 34 0.12 197,200 0.17 812 1:17 1,624
34 6,206 9 0.03 55,854 0.05 812 1:9 812
35 6,264 9 0.03 56,376 0.05 812 1:9 812
38 7,250 8 0.03 58,000 0.05 812 1:8 812
41 7,888 14 005 110,432 0.09 812 1:14 812
43 8,004 15 0.05 120,060 0.10 812 1:15 812
44 8,062 8 0.03 64,496 0.05 812 1:8 812
45 8,120 8 0.03 64,960 0.05 812 1:8 812
61 12,006 11 0.04 132,066 0.11 812 1:11 812
14 4,756 1 0.00 4,756 0.00 812 0:0 0
15 4,814 7 0.02 33,698 0.03 812 0:0 0
16 4,872 4 0.01 19,488 0.02 812 0:0 0
18 4,988 4 0.01 19,952 0.02 812 0:0 0
19 5,104 1 0.00 5,1041 0.00 812 0:0 0
20 5,162 4 0.01 20,648 0.02 812 0:0 0
21 5,220 4 0.01 20,880 0.02 812 0:0 0
22 5,336 1 0.00 5,336 0.00 812 0:0 0
23 5,510 1 0.00 5,510 0.00 812 0:0 0
24 5,568 1 0.00 5,568 0.00 812 0:0 0
25 5,626 1 0.00 5,626 0.00 812 0:0 0
27 5,742 3 0.01 17,226 0.01 812 0:0 0
29 5,858 5 0.02 29,290 0.02 812 0:0 0
30 5,916 2 0.01 11,832 0.01 812 0:0 0
31 5,974 2 0.01 11,948 0.01 812 0:0 0
32 6,032 2 0.01 12,064 0.01 812 0:0 0
33 6,090 1 0.00 6,090 0.01 812 0:0 0
36 6,554 2 0.01 13,108 0.01 812 0:0 0
37 7,134 1 0.00 7,134 0.01 812 0:0 0
39 7,540 4 0.01 30,160 0.03 812 0:0 0
40 7,656 1 0.00 7,656 0.01 812 0:0 0
42 7,946 7 0.02 55,622 0.05 812 0:0 0
46 8,178 1 0.00 8,178 0.01 812 0:0 0
47 8,700 1 0.00 8,700 0.01 812 0:0 0
48 8,758 1 0.00 8,758 0.01 812 0:0 0
49 9,106 2 0.01 18,212 0.02 812 0:0 0
50 9,860 5 0.02 49,300 0.04 812 0:0 0
51 9,918 2 0.01 19,836 0.02 812 0:0 0
52 9,976 1 0.00 9,976 0.01 812 0:0 0
53 10,034 1 0.00 10,034 0.01 812 0:0 0
54 10,092 1 0.00 10,092 0.01 812 0:0 0
55 10,324 1 0.00 10,324 0.01 812 0.0 0
56 11,020 1 0.00 11,020 0.01 812 0:0 0
57 11,136 1 0.00 11,136 0.01 812 0:0 0
58 11,600 6 0.02 69,600 0.06 812 0:0 0
59 11,890 2 0.01 23,780 0.02 812 0:0 0
60 11,948 1 0.00 11,948 0.01 812 0:0 0
62 12,180 1 0.00 12,180 0.01 812 0:0 0
63 12,238 1 0.00 12,238 0.01 812 0:0 0
64 13,050 1 0.00 13,050 0.01 812 0:0 0
65 13,920 1 0.00 13,920 0.01 812 0:0 0
66 15,428 1 0.00 15,428 0.01 812 0:0 0
67 15,660 1 0.00 15,660 0.01 812 0:0 0
68 15,834 3 0.01 47,502 0.04 812 0:0 0
69 16,008 1 0.00 16,008 0.01 812 0:0 0
70 16,240 1 0.00 16,240 0.01 812 0:0 0
71 16,646 1 0.00 16,646 0.01 812 0:0 0
72 17,400 1 0.00 17,400 0.01 812 0:0 0
73 19,140 1 0.00 19,140 0.02 812 0:0 0
74 19,430 1 0.00 19,430 0.02 812 0:0 0
75 19,604 1 0.00 19,604 0.02 812 0:0 0
76 20,010 1 0.00 20,010 0.02 812 0:0 0
77 23,200 1 0.00 23,200 0.02 812 0:0 0
78 23,838 2 0.01 47,676 0.04 812 0:0 0
79 24,012 1 0.00 24,012 0.02 812 0:0 0
80 26,100 1 0.00 26,100 0.02 812 0:0 0
81 29,000 1 0.00 29,000 0.02 812 0:0 0
82 29,580 1 0.00 29,580 0.02 812 0:0 0
83 32,016 1 0.00 32,016 0.03 812 0:0 0
84 34,104 3 0.01 102,312 0.09 812 0:0 0
85 35,670 1 0.00 35,670 0.03 812 0:0 0
86 35,728 2 0.01 71,456 0.06 812 0:0 0
87 39,672 1 0.00 39,672 0.03 812 0:0 0
88 39,730 2 0.01 79,460 0.07 812 0:0 0
89 53,360 1 0.00 53,360 0.04 812 0:0 0
90 75,690 1 0.00 75,690 0.06 812 0:0 0
91 91,234 1 0.00 91,234 0.08 812 0:0 0
92 99,180 1 0.00 99,180 0.08 812 0:0 0
93 119,016 1 0.00 119,016 0.10 812 0:0 0
94 158,746 2 0.01 317,492 0.27 812 0:0 0
95 Please Note: 1 (One) lot of 812 shares have been allocated to all the Applicants from Categories from Serial No. 14 to 94 = 4872 shares in ratio of 6:127 6:127 4872
1 Additional share will be allotted to successful allotees from Sr no. 1 to 95 = 116 shares in ratio of 116:2007 116:2007 116
GRAND TOTAL 29,075 100.00 118,678,266 100.00 1,629,800

D. Allotment to QIBs (Excluding Anchor Investors)

Allotment to QIBs, who have Bid at the Issue Price of Rs. 252 per Equity Share or above, has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 110.04 times of QIB Portion. As per the SEBI Regulations, Mutual Funds were allotted 5% of the Equity Shares of QIB Portion available i.e., 162,980 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e., 3,096,620 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QIB Portion is 3,259,600 Equity Shares which were allotted to 74 successful QIB Investors. The category-wise details of the Basis of Allotment are as under:

Category FI'S/BANK'S MF'S IC'S NBFC'S AIF FII/FPC OTHERS Total
Allotment 1,895,356 182,412 64,196 342,247 140,168 635,221 - 3,259,600

E. Allotment to Anchor Investors

The Company, in consultation with the BRLMs, have allocated 4,889.400 Equity Shares to 14 Anchor Investors (through 15 Applications) at the Anchor Investor Issue Price of Rs.252 per Equity Share in accordance with the SEBI Regulations. This represents 60% of the QIB Portion.

Category FI'S/BANK'S MF'S IC'S NBFC'S AIF FII/FPC OTHERS Total
Allotment - 1,190,566 - 1,079,670 1,885,000 734,164 - 4,889,400

The Board of our Company on August 22, 2025 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful Bidders. The Allotment Advice-cum-lntimations and/ or notices will be dispatched to the address of the investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Issue Account have been issued on August 22, 2025 and payment to non-Syndicate brokers have been issued on August 25, 2025. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Equity Shares allotted to the successful Allottees have been uploaded on August 25, 2025 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the Listing application with BSE and NSE on August 25, 2025. The Company has received listing and trading approval from BSE and NSE and the trading will commence on or about August 26, 2025.

Note: All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at www.bigshareonline.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/sole Bidder. Bid cum Application Form number, Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

wpe15D.jpg (1157 bytes) Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai - 400093, Maharashtra, India. Telephone: +91 22-62638200
E-mail: ipo@bigshareonline.com; Investor grievance e-mail: investor@bigshareonline.com
Website: www.bigshareonline.com; Contact Person: Vinayak Morbale
SEBI Registration Number: INR000001385
For SHREEJI SHIPPING GLOBAL LIMITED
On behalf of the Board of Directors
Sd/-
Place: Jamnagar, Gujarat Archanaba Krunalsinh Gohil
Date: August 25, 2025 Company Secretary and Compliance Officer

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SHREEJI SHIPPING GLOBAL LIMITED.

SHREEJI SHIPPING GLOBAL LIMITED has filed the Prospectus with RoC and the Stock Exchanges on August 22, 2025. The Prospectus is available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company at www.shreejishipping.in and on the websites of the BRLMs. i.e. Beeline Capital Advisors Private Limited and Elara Capital (India) Private Limited at www.beelinemb.com and www.elaracapital.com, respectively. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see "Risk Factors" beginning on page 37 of the Prospectus.

This announcement does not constitute an invitation or offer of securities for sale in any jurisdiction, including India. The Equity Shares offered in the Issue have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act"), or any state law of the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, such Equity Shares are being offered and sold outside of the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur.