The Seven Islands Shipping Date Will Be Updated Soon .
Seven Islands Shipping transports crude oil in vessels classified as Suezmax, Aframax and VLCCs. The company operates 20 total vessels, including 13 MR vessels and four small vessels, while the rest are Suezmax vessels.
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Seven Islands Shipping GMP
The Seven Islands Shipping IPO GMP is ₹[].
IPO Overview
Seven Islands Shipping has filed papers with SEBI to raise Rs. 600 crores via an initial public offering (IPO) of equity shares. The public issue comprises a fresh issue worth Rs. 400 crores and an offer for sale aggregating up to Rs. 200 crores. For the offer for sale, up to will be raised by FIH Mauritius Investment will raise to Rs 100 crore, Thomas Wilfred Pinto up to Rs 85.64 crore, and Leena Metylda Pinto up to Rs 14.35 crore.
Seven Islands Shipping IPO Financials
| Financial Year (As of) | 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 |
Seven Islands Shipping Peer Comparison
| Name of the Company | Face Value | EPS (in Rs.) | Return on Net Worth (RONW) |
| Seven Islands Shipping | Rs. 10 | Rs. 14.03 | 10.6% |
| Great Eastern Shipping Company | Rs. 10 | Rs. 13.9 | 3.0% |
| Shipping Corporation of India | Rs. 10 | Rs. 7.2 | 4.5% |
| Transport Corporation of India | Rs. 2 | Rs. 18.5 | 14% |
| VRL Logistics Limited | Rs. 10 | Rs. 10.0 | 14.6% |
Company Profile
Seven Islands Shipping Limited is a seaborne logistics firm established in 2002 with its main office in Mumbai. The business trades crude oil, petrochemical lubricants, and other commodities. This company places a high priority on efficiency and maintaining a clean workplace, among other things. The capital market regulator SEBI has received preliminary papers from Seven Islands Shipping Limited for a Rs. 600 crore public offering. According to the draught red herring prospectus (DRHP), a new Rs. 400 crore issuance would be part of the first public offering. An offer for sale (OFS) by current shareholders and promoters will make up the remaining portion of the public offering.
An offer for sale (OFS) by current shareholders and promoters will make up the remaining portion of the public offering. It will raise Rs. 100 crore for FIH Mauritius Investment. At the same time, Leena Metylda Pinto and Thomas Wilfred Pinto would use the secondary issue to sell equity shares valued at up to Rs. 14.35 crores and Rs. 85.64 crores, respectively.
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
