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Seven Islands Shipping IPO

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:

  • to acquire one very large crude carrier vessel and one medium range vessel from the secondary market at an estimated cost of ₹352 crore
  • to fulfil general corporate purchases



Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

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

IPO Financials

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

How to apply in IPO via UPI on Dynami

A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App

Why should you invest in the Seven Islands Shipping IPO?

Below are your top reasons:

  • Seven Islands Shipping has a proven track record when it comes to delivering strong financial services. The company’s highly experienced and efficient management team has played a vital role in that regard. They have formed longstanding relationships with some of the leading oil and gas customers. It is represented by the renewal of the short-term (12-24 months) contracts on time.
  • Taking into account the fact that demand for vessels to transport and import crude oil has been rising steadily, it appears that this company has tremendous potential to grow. Furthermore, key metrics such as revenue and margins in relation to this company is expected to grow. Hence, investors might consider subscribing to Seven Islands Shipping’s initial public offering.

Know before investing

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

How to apply for Seven Islands Shipping IPO ?

Retail investors need to apply for the IPO using UPI

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Seven Islands Shipping IPO and approve the payment on your UPI ID.

Demat Account

  • If you are an existing Dynami user, Pre-Apply Now!
  • For new investor, get free demat account opening offer on our web & Dynami App ensuring a smooth and hassle-free experience for your initial investments.

How to open a Demat & Trading Account?

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Frequently asked questions

  • An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.

  • 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.