Seven-Islands-Shipping-Limited-IPO-ElitWealth

Company Profile:-

Seven Islands Shipping Limited is a seaborne logistics company incorporated in 2nd may 2002 in India  Company is engaged in the business of transporting crude oil from Arabian gulf and also transport oil products like Diesel oil,  White oil, Gasoline, lube oils, Naphtha to Indian refineries situated along the coast in India. Company has 20 vessels of it’s own and has grown 11 Times to 66,889 MT from 2003 to 2010 and has maximum carrying capacity of 1,105,682 MT  till 31,Janauary 2021. Company’s key customers Include Indian oil corporation and Bharat petroleum corporation limited with which company engaged in different contractual arrangement to deploy the vessel like: Time Charter Contract, Contracts of affreightment, Voyage Charter contract. The key point to consider is that the company has Indian flagged and Indian owned vessels and as per the circular by Directorate general of shipping in January 2021 all Indian flagged vessels has deemed to be as Indian Built for the purpose of bidding for tenders by the oil Companies.

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Seven Islands Shipping Limited IPO

Wants To Apply Online

Positive outlook of the Firm:

  • Well Equipped to acquire vessels at optimal price.
  • In-House Vessel management.
  • Financially Healthy and consistent in financial performance.
  • Ability to fetch benefit under ‘Tonnage tax Scheme’.

Objective of the Issue:

  • ‘Acquisition’ of two Vessel in secondary market.
  • To meet general corporate purpose.

Promoters of the company:

  • Leena Metylda Pinto , FIHM and Thomas Wilfred Pinto are the promoters of the company.

Shareholding Pattern:

Particulars Pre-Issue
Promoters & Promoters Group 99.54%
Public 0.46%

 

Check Seven Islands Shipping Limited IPO Allotment Status

Seven Islands Shipping Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To  Seven Islands Shipping Limited IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as Seven Islands Shipping Limited
  4. Enter your PAN Number or Application Id or DP Client Id.

 

 Seven Islands Shipping Limited IPO

Application Form

 

Summary of the Issue:

Issue Open
Price Band
Issue Type Book Built Offer
Issue Size (Value)
Face Value Rs.10
Issue price
Minimum lot
Market Lot
Stock Exchange NSE,BSE
QIB Portion 50%
NIB Portion 15%
Retail Portion 35%
Fresh Issue Rs.400 Crore
Offer for Sale Rs.200 Crore.

Financials:

Particulars As at/ for the year ended December 31, 2020 As at/ for the year ended March 31, 2020 As at/ for the year ended March 31, 2019 As at/ for the year ended March 31, 2018
Total assets 1803 1655 1226 936
Total revenue 655 711 468 413
Net Profit 119 80 39 88
Net cash inflow/ (outflows) 83 (154) 205 40

 

Lead Manager Details

1)  IIFL Securities Limited

10th Floor, IIFL Centre, Kamala City,Senapati Bapat Marg, Lower Parel (West), Mumbai 400 013

Tel: +91 22 4646 4600, E-mail: bnhl.ipo@iiflcap.com

Investor grievance e-mail: ig.ib@iiflcap.com

Website: www.iiflcap.com

Contact Person: Sachin Kapoor/Ujjaval Kumar

SEBI Registration No.: INM000010940

2) Link Intime India Private Limited

C-101, 1st floor, 247 Park,L.B.S. Marg, Vikhroli (West),Mumbai 400 083

Tel: +91 22 4918 6200

E-mail: bnhl.ipo@linkintime.co.in

Investor grievance email: bnhl.ipo@linkintime.co.in

Website: www.linkintime.co.in

Contact Person: Shanti Gopalkrishnan

SEBI Registration No: INR000004058

3) JM Financial Limited

7th Floor, Cnergy Appasaheb Marathe MargPrabhadevi, Mumbai, Maharashtra – 400025, IndiaTel: +91 22 6630 3030

E-mail:sonacomstar.ipo@jmfl.com

Investor Grievance E-mail: grievance.ibd@jmfl.com

Website: www.jmfl.com

Contact Person: Prachee Dhuri

SEBI Registration No.: INM000010361

 

(Source:DRHP)

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