Shreedhar Motors Limited is experiencing a significant influx of applications for its initial public offering (IPO), indicating strong potential for oversubscription. Company director Neeraj Maharaj shared with The Fiji Times that interest has surged as the closing date for the IPO approaches next month.
Maharaj reported that they have received numerous completed applications from both individual investors and private organizations. He emphasized the company’s commitment to broadening ownership beyond large entities, aiming to include “mums and dads” and the wider community in the company’s future.
The decision to go public reflects the company’s long-standing legacy, as it celebrates 60 years since its inception by Maharaj’s grandfather. Now in its third generation of leadership, the company is poised to embrace the next phase of its growth while encouraging local community participation in its success.
Plans are already underway for expanding operations, including acquiring land in Nadi Back Road and Labasa for new showrooms. This expansion aims to enhance service capabilities for both northern and western regions of Fiji. Additionally, the company is evaluating opportunities to import a wider range of vehicles.
Currently, Shreedhar Motors Limited is offering nine million shares at a price of $1 each, with a minimum investment of $1,000. The IPO is set to open in December 2025 and will conclude on February 27, 2026. This initiative not only marks a significant milestone for the company but also reflects a proactive strategy to engage the community in its growth journey.