Shreeji Shipping Promoters Reduce Offer for Sale Size

Shreeji Shipping Global Ltd announced an update regarding an offer for sale by its promoters, Ashokkumar Haridas Lal and Jitendra Haridas Lal. The promoters initially proposed to sell up to 30,00,000 equity shares (1.84% of paid-up capital) with an oversubscription option of an additional 13,50,000 shares (0.83%). However, the company has now intimated that the oversubscription option will not be exercised. Consequently, the total offer size will be limited to the base offer size of 30,00,000 equity shares. Approximately 3,00,000 equity shares will be reserved for retail investors, representing 10% of the offer size, subject to valid bids.