Shreyas Shipping & Logistics Ltd. – A coastal shipping story!

Stock Opportunities
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hello experts and veterans, revised indicative price announced by the co is 375/-

What are the odds of delisting and what is more probable to happen if delisting fails, considering most shipping cos have rallied? evaluating downside risk

thanks!

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Lets hope at least 20% of the small retail shareholders figure out how to punch in their buyback price. See some random bids at over 600 Rs! No way the company will accept such a high price in my opinion. Shouldn’t these people be buying the stock instead of offering it in the delisting if they think it is worth over Rs.600?

You can see the book building here.

https://www.bseindia.com/markets/publicIssues/ACQDisp.aspx?id=520151&type=OTB&idtype=1&status=L&IPONo=6290&startdt=20/09/2023

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With only 20 Lakh shares tendered, would it hit the required numbers tomorrow? I guess we need atleast 43 lakh shares to be tendered at a reasonable price for the promoters to accept and go for Delisting.

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The de-listing process for Shreyas did indeed achieve the requisite 90% mark. However the discovered price of Rs 890 may be too high for the Promoters to accept.

It looks like they have the opportunity to make a counter offer by Friday 29th of September?

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Thanks for posting, that is what i would expect. Due to the war the shipping routes are extended. the shipping rates have gone up. And why should it be easy to force people to give up their shares? Howard marks top holding 20% portfolio as per data roma is shipping and that is not the only shipping company he holds

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A few points

  1. The latest Drewry WCI composite index (global container prices) of $1,479.48 per 40-foot container is now 86% below the peak of $10,377 reached in September 2021. see
    image

  2. There is no sign of recovery. Significant new capacity is being added. see Glut of new ocean tonnage inbound as global demand weakens | Journal of Commerce. Vessels on order will add 30% to global container freight capacity over the next three to four years, says Niels Rasmussen, chief shipping analyst at Copenhagen-based trade group Bimco.

  3. India is lifting cabotage laws, that previously only allowed Indian-flagged ships from the likes of Shreyas to operate on coastal routes in the past. https://splash247.com/india-lifting-cabotage-laws-to-help-coastal-shipping/

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