SPAC Shreya Acquisition increases shares offered by 67% ahead of $100 million IPO, targeting hospitality
IPO Overview
Shreya Acquisition Group, a blank check company targeting the hospitality, wellness, media, and other sectors, raised the proposed deal size for its upcoming IPO on Tuesday.
The New York, NY-based company now plans to raise $100 million by offering 10 million units at a price of $10. The company had previously filed to offer 6 million units. Each unit consists of one share of common stock and one right to receive one-fifth of one ordinary share upon the consummation of an initial business combination. The SPAC had previously filed to offer one right to receive one-eighth of one ordinary share.
Shreya Acquisition Group is led by CEO and Director Anuj Goyal, the founder of RBI-registered non-banking financial company Mudraksh Investfin. The SPAC plans to target a variety of sectors, including health and wellness, hospitality, media and entertainment, shipping, infrastructure, and waterways tourism.
Shreya Acquisition Group was founded in 2025 and plans to list on the NYSE under the symbol SAGUU. D. Boral Capital is the sole bookrunner on the deal.
About the Company
We are a blank check company. Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location although we intend to focus our search for a target business on companies engaged in the health and wellness, hospitality, media and entertainment, shipping, infrastructure, and waterways tourism sectors. We do not have any specific business combination under consideration and we have not （nor has anyone on our behalf）， directly or indirectly, contacted any prospective target business or had any substantive discussions, formal or otherwise, with respect to such a transaction. Additionally, we have not engaged or retained any agent or other representative to identify or locate any suitable acquisition candidate, to conduct any research or take any measures, directly or indirectly, to locate or contact a target business. We believe we are well positioned to identify, evaluate, and execute a successful business combination within the identified sector which includes amongst others hospitality, healthcare and wellness, and media and entertainment industries.
