Seven Islands Shipping Limited is a Mumbai-based liquid seaborne logistics company. It is operating on sea-going tankers for the last 17 years. It was incorporation under the Companies Act, 1956 in Mumbai (India) on 2 May 2002. Seven Islands Shipping IPO will hit the market in 2021.
Table of Contents
Standards
The firm is compliant with ISO 9001: 2015 standard. It is certified by the US Bureau of Shipping and conforms to the quality standards set by them.
The firm is registered under the Directorate General of Shipping, Government of India. Its fleet is classified with the Indian Register of Shipping.
The firm is committed to safe transportation, efficient services and cleaner seas.
Operation
They understand their responsibility for the protection of life at sea and ensure a clean environment, hence developing and maintaining the high standards of their fleet.
The firm undertakes regular sale and purchase of vessels for the purpose of upgrading and renewing the fleet to meet the needs of its clients.
The firm has been profitable every year since inception. Its earnings volume has grown steadily and steadily. It is a healthy mix of ships in the time and travel charter markets. All its ships hoist the Indian flag.
IPO Aim
The firm aims to use the proceeds from the fresh issue of equity share to purchase a very large crude container, known as VLCC and a medium-grade vessel for a combined cost of INR 352.4 crore.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 1,803.30 | 1,655.27 | 1,226.01 | 935.65 | |
| Total Revenue | 742.56 | 727.96 | 470.32 | 415.16 | |
| Profit After Tax | 118.92 | 80.30 | 38.76 | 88.16 | |
Basic and Diluted Earnings Per Share (EPS)
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2020 | 14.03 | 14.03 | 3 |
| Financial Year 2019 | 8.13 | 8.13 | 2 |
| Financial Year 2018 | 18.50 | 18.50 | 1 |
| Weighted Average | 12.81 | 12.81 | |
| (9 months) Dec. 31, 2020 | 20.88 | 20.88 | – |
Seven Islands Shipping Issue
Seven Islands Shipping, headquartered in Mumbai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 600 crore on 14 February, 2021.
The Offer includes a fresh equity of Rs. 400 crore and an offer for sale(OFS) up to Rs. 200 cr. value equity shares of face value of 10 per share, by FIH Mauritius Investment, Thomas Pinto & Leena Pinto..
They got approval from Securities and Exchange Board of India(SEBI) on 17 May, 2021 to float the initial public offering (IPO) in the market.
Objects of the Issue
- Purchase a very large crude container & a medium-grade vessel.
- To meet common corporate objectives.
Basis of The offer
- Proven capacity to buy and deploy boats at the best possible price;
- Relationships with india’s Top oil and gas clients that date back decades;
- Quality in-house facilities management and cost-effective vessel management;
- large and diverse working fleet that is flagged and owned by India;
- Sustainable financial results;
- The ability to keep the benefits of the tax regime
- Management team with decades work expertise.
Fleet
The firm currently has a fleet of 19 vessels – 2 crude oil tankers and 17 product carriers. Crude oil vessels meet the country’s growing need for crude oil imports, while product tankers deliver various refined oil products to the ports of consumption.
Mission
- They believe in the principles of fairness, transparency and peace.
- They strive to operate at optimum levels, keeping environment, crew and cargo as top priorities.
- They cater to the needs of our customers with active participation and through our vast experience to realize their full potential.
- They believe in 360 ° horizon of development at sea by providing services beyond expectations.
- They strive to provide timely, quality service with a commitment to achieving perfection.
- They believe in building invaluable relationships with all our stakeholders – suppliers, customers, lenders, shareholders, partners and employees.
- They are committed to share our success with society.
IPO Details
| IPO Opening Date | 2021 |
| IPO Closing Date | 2021 |
| Issue Type | Book Builting |
| Face Value | 10 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | 0 |
| Min Order Quantity | 0 |
| Listing At | BSE, NSE |
| Issue Size | 600 Cr |
| Fresh Issue | 400 cr. |
| Offer for Sale | 200 cr. |
IPO Tentative Date
The Seven Islands Shipping IPO open date is 2021, and the close date is 2021. The issue may list in 2021.
| IPO Open Date | 2021 |
| IPO Close Date | 2021 |
| Basis of Allotment Date | 2021 |
| Initiation of Refunds | 2021 |
| Credit of Shares to Demat Account | 2021 |
| IPO Listing Date | 2021 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 50 |
Roughly
equivalent
|
| Non Institutional Investor | 15 |
Roughly
equivalent
|
| Retail | 35 | Minimal level of 1 lot, based on availability, for every shareholder. |
Seven Islands Shipping IPO GMP
Seven Islands Shipping IPO Grey Market Premium is INR 72.
Seven Islands Shipping Review?
Seven Islands Shipping IPO review is depending on the price band. Whenever it will be announced we will update you regarding seven islands shipping IPO is good or bad.
Seven Shipping IPO Brokerage views
- Yes Securities : Yet not updated
- Choice Brokering: Yet not updated
- Axis Securities: Yet not updated
- IIFL Securities: Yet not updated
- Trade swift: Yet not updated
- Anand Rathi : Yet not updated
- ICICI Securities: Yet not updated
Seven Shipping IPO Peer Comparison
| S. No. | Company Name | PE |
| 1 | The Shipping Corporation of India Limited | 12.12 |
| 2 | The Great Eastern Shipping Company Limited | 18.48 |
| 3 | VRL Logistics Limited | 22.92 |
| 4 | Transport Corporation of India Limited | 13.45 |
| 5 | Blue Dart Express Limited | -260.90 |
| 6 | TCI Express Limited | 41.58 |
Promoters
The main Promoters of the firm are FIH Mauritius Investment, Thomas Pinto & Leena Pinto.
Promoter Holding
| Pre Issue Share Holding | 99.54% |
| Post Issue Share Holding |
Seven Islands Shipping IPO Prospectus
Contact Details
Seven Islands Shipping Limited
Suite 3A, 3B & 4, Level 8, B Wing, Times Square,
Andheri-Kurla Road, Andheri (East), Mumbai 400059
Tel: (91 22) 4225 4225
E-mail: [email protected]
Website: https://www.sishipping.com
Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime.co.in
Lead Manager(s)
- JM Financial Limited
- IIFL Securities Limited
We hope we are able to answer all your questions about Seven Islands Shipping IPO . If you don’t have a Demat account, open it now with Zerodha best trading app.
Clarification
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
We do not engage in grey market trading or facilitate the purchase or sale of IPO forms.
What is grey Market?
The phrase “grey market” refers to an illegal over-the-counter market where IPO applications and IPO stock are traded before the entity is listed on a stock exchange. This is a technique for dealers to help consumers who wish to sell their home before it goes on the market.
This is also a way to increase the listing fee and provide help for the issue prior to the listing. In the IPO grey market, there are two types of transactions that take place:
- IPO stocks are traded at a premium in the grey market.
- At a kostak, an IPO application is traded.
What is grey Market Premium?
The Grey Market Premium, or GMP, is the price at which IPO stock shares are exchanged in the grey market.
This could be correct or incorrect, implying that the grey market trading price is greater or cheaper than the issue price, depending on demand and supply for the stocks.
Typically, individuals who do not want to incur the risk of their shares not being allocated through an IPO can purchase shares on the grey market in the hopes of flipping them on the IPO for a profit.
What is Kostak?
The additional amount in rupees at which IPO applications are sold in the IPO Grey Market is known as kostak (or price of application). The bonus of a maximum lot retail application in an IPO is generally described as the ‘Kostak’ value.
The Kostak price is significant primarily before the offer is closed for subscription and the ultimate bidding status is made accessible to IPO participants. After the final auction status is known to investors, only a small percentage of IPO applications are exchanged.
‘Kostak’ is made for those who do not want to incur a risk on an IPO or gain from a listing.
Example:
Seven island shipping Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720
This means Seven island shipping Limited applications of Rs 13770 are being traded in IPO Grey Market at Rs 680 to Rs 720.
Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.
Kostak rate
The Kostak rate is the fee received by an investor who sells his or her IPO application on the grey market. Regardless of allotment status, this is the money an individual stands to gain.
Subject to Sauda
The money that an investor stands to gain by selling his or her application for firm allotment is referred to as the subject to Sauda. Firm allocation is the important operative phrase here. The sauda will be cancelled if the applicant is not allotted.
When selling an IPO application in the grey market, the client and seller agree that the sale will only be legal if the seller receives the allocation. The deal is avoided if the seller does not get any stocks throughout the IPO procedure.
FAQ
Seven Islands Shipping IPO Opening Date?
Seven Islands Shipping IPO will open in 2021.
Seven Islands Shipping IPO Allotment Date?
Seven Islands Shipping IPO Allotment Date is 2021.
Seven Islands Shipping IPO Listing Date?
Seven Islands Shipping IPO Listing date is 2021
Seven Islands Shipping IPO GMP Today?
Seven Islands Shipping IPO Grey Market Premium is INR 72.
Seven Islands Shipping IPO Price Band?
Seven Islands Shipping IPO price Band is 0 to 0.
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