Shreeji Shipping Promoters OFS for 1.84% Stake

BSE Scrip: [Scrip Code Not Specified]

Announcement Date: November 02, 2026

Offer Details:

Type of Transaction: Offer for Sale (OFS) / Secondary Share Offering

Seller (Promoter): Ashokkumar Haridas Lal and Jitendra Haridas Lal (Collectively known as 'Promoters')

Number of Shares Offered: Up to 30,00,000 Equity Shares (Base Offer Size)

Percentage of Paid-Up Equity: 1.84% of the total paid-up equity share capital

Oversubscription Option: The Sellers have an option to additionally sell up to 13,50,000 Equity Shares, representing 0.83% of the total paid-up equity share capital.

Timelines:

T Day (Non-Retail Investors): November 03, 2026

T+1 Day (Retail Investors and Carry-Forward Bids): November 04, 2026

Bidding Hours: 9:15 a.m. to 3:30 p.m. (Indian Standard Time) on both days.

Pricing & Allocation:

Floor Price: ₹835 per Equity Share

Context: The document does not provide the current market price for comparison.

Retail Discount: Nil

Context: No discount is offered to retail investors.

Allocation Method:

Non-Retail Category Allocation Methodology:

Allocation shall be at or above the Floor Price on a price priority basis at multiple clearing prices.
Non-Retail Investors can indicate a willingness to carry forward un-allotted bids from T day to T+1 day.
A minimum of 25% of the Offer Shares shall be reserved for Mutual Funds and Insurance Companies, subject to valid bids at or above the Floor Price.
No single bidder (other than Mutual Funds and Insurance Companies) shall be allocated more than 25% of the Offer Shares.
In case of oversubscription, allocation will be done on a proportionate basis.

Retail Category Allocation Methodology:

A Retail Investor is defined as an individual investor placing bids for Offer Shares of a total value not more than ₹200,000.
A minimum of 10% of the Offer Shares shall be reserved for allocation to Retail Investors.
Retail Investors may bid at any price above the Floor Price and/or at the 'Cut-Off Price' (the lowest price at which Offer Shares are sold in the non-Retail Category).
Bids below the Cut-Off Price will not be considered for allocation.
In case of oversubscription, allocation will be done on a proportionate basis.
Any unsubscribed portion of the Retail Category shall be allocated to non-Retail Investors who chose to carry forward their bids.

Brokers & Settlement:

Seller’s Brokers: Spread X Securities Private Limited (Broker Code: NSE 90309 / BSE-6823) acting as the sole broker.

Settlement Broker: Not explicitly named separately; settlement is handled by NSE Clearing Limited.

Settlement Timelines:

For non-Retail bids on T day (with 100% upfront payment): Settlement on T+1 Day.
For institutional bids on T day (without 100% upfront payment): Settlement on T+1 Day per secondary market rules.
For carried-forward non-Retail bids on T+1 day (with 100% upfront payment): Settlement on T+2 Day.
For Retail bids on T+1 day: Settlement on T+2 Day.
For carried-forward institutional bids on T+1 day (without 100% upfront payment): Settlement on T+2 Day.
Settlement shall take place on a trade-for-trade basis.

Withdrawal & Cancellation Conditions:

Withdrawal: The Seller reserves the right to not proceed with the Offer at any time prior to the opening on T Day. A cooling-off period of 10 trading days applies after withdrawal before another OFS can be made.

Cancellation: The Offer may be cancelled in full (i) if the Seller fails to get sufficient demand at or above the floor price, or (ii) if there is a default in the settlement obligation. Specifically, if aggregate valid orders from non-Retail Investors on T day are insufficient, the Seller may cancel the Offer for both non-Retail and Retail Investors and not proceed on T+1 day. Cancellation requests will be accepted up to 5:00 p.m. on T day.

Other Noteworthy Information:

Purpose: The Offer is being undertaken, inter alia, for achieving the minimum public shareholding in the Company as prescribed under Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957 and Regulation 38 of SEBI (LODR) Regulations, 2015.

Designated Stock Exchange: Not Applicable. The sale is undertaken only through NSE.

Designated Clearing Corporation: NSE Clearing Limited

Authorized Personnel: Jitendra Haridas Lal (Contact No.: 8103797152; Email: info@shreejishipping.in)

Important Conditions for Participation:

Non-institutional investors must deposit 100% of the bid value upfront.
Institutional investors have an option to bid without upfront payment but must provide custodian confirmation.
Retail investors must provide margin of 100% of the order value in cash or equivalents.
Individual investors cannot have a cumulative bid value exceeding ₹200,000 across categories and exchanges.
The Promoters and members of the Promoter Group are not allowed to participate in the Offer.
A penalty of 10% of the order value will be charged for default in pay-in.

Legal & Jurisdictional Notice: The document contains extensive legal disclaimers stating that the Offer is not an offer to the public, no prospectus has been filed, and it is not for distribution in the United States (except to Qualified Institutional Buyers) or other jurisdictions where it may be unlawful. It includes detailed representations and warranties required from Bidders outside the US and within the US (QIBs).