The largest provider of coastal container shipping services in India, Shreyas Shipping
's stocks slipped over 1%.
This is despite the company’s announcement on Wednesday that it has acquired multipurpose vessel M.V SSL Krishna. Following this move, the company’s fleet strength has now reached 14 vessels.
Last week, Shreyas Shipping on behalf of its associate Avana Logistek filed a draft prospectus with SEBI for an IPO offer of 4.3mn shares for up to Rs300cr.
Shreyas Shipping & Logistics Ltd is currently trading at Rs487.60 down by Rs8.6 or 1.73% from its previous closing of Rs496.20 on the BSE.
The scrip opened at Rs503 and has touched a high and low of Rs503.90 and Rs487.60 respectively. So far 3,272 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs1,089.66cr.