Seven Islands Shipping Limited is the third largest seaborne logistics company that was incorporated in 2002. The company is engaged in the trading of white oils, black oils, lube oil and liquid chemicals are transported in product vessels classified as Small vessels, Medium Range or MR vessels and Long Range or LR vessels. It transports oil products classified as black oils such as fuel oil and light diesel oil, and white oils such as naphtha, high speed diesel, superior kerosene oil and gasoline and lube oils, primarily along the Indian coast, that are used in end markets.
The company plans to raise Rs. 600 crores via initial public offering (IPO) of equity shares. The public issue comprises of fresh issue worth Rs. 400 crores and an offer for sale aggregating up to Rs. 200 crores. For offer for sale, up FIH Mauritius Investment will raise up to Rs 100 crore, Thomas Wilfred Pinto up to Rs 85.64 crores, and Leena Metylda Pinto up to Rs 14.35 crores.
The net proceeds raised from fresh issue are to be utilised:
Opening Date
Closing Date
Price Band
Issue Size
Face Value
Market Lot
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 Demat Account |
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 |
| March 2020 | 802.96 | 16,552.68 | 6,198.77 | 7,279.61 |
| March 2019 | 388.16 | 12,260.06 | 4,293.23 | 4,703.22 |
| March 2018 | 880.01 | 9,356.51 | 3,263.31 | 4,151.63 |
A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App
Below are your top reasons:
| Strengths | Risks | ||
|---|---|---|---|
| Proven ability to acquire vessels at optimal price and deploy vessels | Significant portion of the revenue comes from operations with top three PSU customers and relationship with PSU customers exposes company to risks inherent in doing business with PSU entities | ||
| Quality in-house management of operations and cost competitive vessel management | Fluctuations in global seaborne transportation and global demand for seaborne transportation may cause freight rates to shift unpredictably, which could have a negative impact on our cash flow and revenue | ||
| Ability to retain advantage of tax regime | Improper storage, processing and handling of oil products may cause damage to vessel which may have an adverse effect on the business, results of operations and cash flows | ||
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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.
A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.
IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.
Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.
You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.
IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.
Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.
Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.
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Registration No: CA0581 | Company CIN : U65999DL2016PLC314319.
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