Headquartered in Mumbai, Seven Islands Shipping Limited is a seaborne logistics company that was incorporated in 2002. The company is engaged in the trading of petrochemical lubricants, crude oil, and more. A few of the primary priorities of this company include secure transportation, efficiency while maintaining a clean environment.
Seven Islands transports crude oil in vessels that are categorised as Suezmax, Aframax and VLCCs. The company operates 20 vessels in total, which includes 13 MR vessels, 4 small vessels, while the rest are Suezmax vessels.
Listing at NSE, BSE
|IPO Open Date||To be announced|
|IPO Close Date||To be announced|
|Allotment Date||To be announced|
|Initiation Of Refunds||To be announced|
|Credit Of Shares To
|To be announced|
|IPO Listing Date||To be announced|
|UPI Mandate Expiry Date||To be announced|
|Financial year||Profit After Tax (in Rs. Crore)||Total Assets (in Rs. Crore)||Total Expenses (in Rs. Crore)||Total Revenue (in Rs. Crore)|
|December 30th, 2020||1,194.67||18,032.99||6,198.77||7,425.64|
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Below are your top reasons:
Seven Islands Shipping has a proven track record when it comes to financial performance. The company purchases vessels at an optimum price. Moreover, the measures taken by it have been instrumental in reducing costs and maintaining operational efficiency.
The company has a highly experienced management team; its promoters have more than three decades of experience. Furthermore, they’ve managed to develop favourable relationships with oil majors belonging to the public sector, which is evident considering the favourable short-term contracts which the company renews on a timely basis.
This company has judicious risk management policies, which include acquiring a vessel only after assurance of deployment.
If any unfavourable change materialises in relation to the tanker division, the Cabotage Law, in particular, the company’s risk profile could be impacted severely.
The increasing competition in the industry could affect the charter rates.
This company requires a substantial amount of capital to run its operations owing to the high cost of ocean-going tankers. While the price of an MR tanker is more than Rs. 65 crores, a Suezmax vessel costs anywhere between Rs. 100 crores and Rs. 125 crores.
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Seven Islands Shipping has filed DRHP with capital market regulator SEBI to raise funds worth Rs. 600 crores via an initial public offering. This company’s public issue will comprise a fresh issue of Rs. 400 crores and an offer for sale (OFS) of Rs. 200 crores by existing shareholders and promoters.
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