Seven Islands Shipping, a Mumbai-based shipping and logistics firm, has received SEBI’s go-ahead for its IPO. The company announced the news in April 2021. Seven Islands Shipping will join the frenzy of companies heading to Dalal Street this year. Find further details of this public offer in the next section.
Those were some details of the IPO for Seven Islands Shipping. Now, let’s take a look at this Initial Public Offering breakup. Qualified Institutional Buyers will have about 50% of the offer.
15% will be available for non-institutional buyers, and retail investors will have the remaining at 35%.
Seven Islands Shipping is headquartered in Mumbai. Incorporated in 2002, it is a seaborne logistics company that trades in crude oil, petrochemical lubricants, and much more. The vessels of this company are in 3 categories. They are:
This company runs around 20 vessels in total. This count includes 4 small ships, 13 MR vessels and the rest of Suezmax vessels.
While the company has received SEBI approval, it is yet to announce the dates or the price band of the IPO. For the Financial year 2020, the Seven Islands Shipping Ltd. had a profit from operations of around Rs. 802.96 million.
Ans. As of FY 2020, the total revenue is Rs. 7,425.64 crores.
Ans. For FY 2020, the profit after tax is Rs. 1,194.67 crores.
Ans. The cargo vessels of Seven Islands Shipping Ltd. have a total dead tonnage of 1,105,682 MT.
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