The allotment for Shreeji Shipping Global’s Rs 411 crore IPO will be finalised today. The IPO was oversubscribed significantly. Investors can check their allotment status online. Refunds for unallotted shares will be initiated soon. Successful bidders will have shares credited to their accounts. The company plans to use IPO funds for expansion and debt repayment.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets