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Seven Islands Shipping IPO

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Important dates with respect to IPO allotment and listing

IPO Open Date

About Company

Headquartered in Mumbai, Seven Islands Shipping Limited is a seaborne logistics company that was incorporated in 2002. The company is engaged in the trading of petrochemical lubricants, crude oil, and more. A few of the primary priorities of this company include secure transportation, efficiency while maintaining a clean environment.

Seven Islands transports crude oil in vessels that are categorised as Suezmax, Aframax and VLCCs. The company operates 20 vessels in total, which includes 13 MR vessels, 4 small vessels, while the rest are Suezmax vessels.

Seven Islands Shipping IPO Objectives

Seven Islands Shipping aims to fulfil the following objectives by utilising the net proceeds from its initial public offering:

- Fulfilment of general corporate purchases.
- Financing the purchase of MR vessel and VLCC vessel in the secondary market.

Seven Islands Shipping IPO - Details

Seven Islands Shipping Limited has filed preliminary papers with capital market regulator SEBI to raise funds worth Rs. 600 crores via public issue. As per the draft red herring prospectus (DRHP), the initial public offering will include a fresh issue worth Rs. 400 crores. The rest of the public issue will comprise an offer for sale (OFS) by existing shareholders and promoters.

FIH Mauritius Investment will raise Rs. 100 crores. Whereas Thomas Wilfred Pinto and Leena Metylda Pinto will be offloading equity shares worth up to Rs. 85.64 crores and Rs. 14.35 crores respectively via the secondary issue. 

Why Should You Invest in Seven Islands Shipping IPO?

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.

IPO Financials

Financial Year (As of) Profit After Tax (in Rs. Crore)Total Assets (in Rs. Crore) Total Expenses (in Rs. Crore)
December 30th, 2020 1,194.6718,032.99 6,198.77
March 2020 802.9616,552.68 6,198.77
March 2019 388.1612,260.064,293.23
March 2018 880.019,356.513,263.31

Know before investing

Strengths

3

  1. Seven Islands Shipping has a proven track record when it comes to financial performance. The company purchases vessels at an optimum price. Moreover, the measures taken by it have been instrumental in reducing costs and maintaining operational efficiency.

  2. The company has a highly experienced management team; its promoters have more than three decades of experience. Furthermore, they’ve managed to develop favourable relationships with oil majors belonging to the public sector, which is evident considering the favourable short-term contracts which the company renews on a timely basis.

  3. This company has judicious risk management policies, which include acquiring a vessel only after assurance of deployment.

Risks

3

  1. If any unfavourable change materialises in relation to the tanker division, the Cabotage Law, in particular, the company’s risk profile could be impacted severely.

  2. The increasing competition in the industry could affect the charter rates.

  3. This company requires a substantial amount of capital to run its operations owing to the high cost of ocean-going tankers. While the price of an MR tanker is more than Rs. 65 crores, a Suezmax vessel costs anywhere between Rs. 100 crores and Rs. 125 crores.

Peer Comparison

Name of the CompanyFace ValueEPS (in Rs.)Return on Net Worth (RONW)Dividend Yield
Seven Islands ShippingRs. 10Rs. 14.0310.6%-
Great Eastern Shipping CompanyRs. 10Rs. 13.93.0%-
Shipping Corporation of IndiaRs. 10Rs. 7.24.5%-
Transport Corporation of IndiaRs. 2Rs. 18.514%-
VRL Logistics LimitedRs. 10Rs. 10.014.6%-
  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Login to Angel One App / Website & click on IPO

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Select desired IPO & tap on "Apply"

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Enter UPI ID, set quantity/price & submit

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Accept mandate on the UPI app to complete the process

Seven Islands Shipping IPO FAQs

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.
The opening date of this forthcoming IPO is not yet known.
The lead managers for this initial public offering are IIFL Securities Ltd. and JM Financial.
Seven Islands has not disclosed the price band of its upcoming IPO as of yet.
After the completion of the allotment process, shares will be credited to the Demat account of investors.
The registrar for the public issue of Seven Islands is Link Intime India Private Limited.
The promoters of this company are Thomas Wilfred Pinto, Leena Metylda Pinto and FIH Mauritius Investments Ltd.
Once the allotment process is complete, investors can check the status via Angel One’s online trading platform or BSE’s official website.
Seven Islands will be reserving portions of the public issue for qualified institutional buyers (QIBs), non-Institutional investors (NIIs) and retail individual investors (RIIs).
The initial public offering of Seven Islands is a book build issue.
The listing date of Seven Islands’ initial public offering has not been announced yet.
Some of the listed peers of Seven Islands Shipping include Hariyana Ship Breakers Limited, Shipping Corporation of India Limited, Great Eastern Shipping Company Limited and Essar Shipping Limited.
Apply for Seven Island IPO in these steps: Step 1: Go to 'Investment Opportunities' on the Angel One app. Step 2: Select the ‘IPOs and FPOs’. Step 3: Enter essential details. Step 4: Enter your NPCI approved UPI ID/Handle. Step 5: Click on the ‘Invest’ button to book Seven Island.
If you do not have a UPI ID, you can create one instantly. First, however, make sure to create an ID on a UPI Handle that features in the NPCI list. As an alternate option, you can apply for Seven Islands IPO through ASBA via bank or physical form.
One can easily create a UPI ID through the BHIM app these easy steps: Step 1: Go to the play store and download the BHIM app. Step 2: Verify your mobile number and register your passcode. Step 3: Choose your bank from the available options. Step 4: Let the app fetch the required bank details. Step 5: If you have multiple accounts, select the one you wish to register with your BHIM. Step 6: Create a UPI PIN. Once these steps are covered, navigate to your profile section to check your UPI ID.
Only NPCI approved UPI IDs can apply for Seven Islands IPO. Check the list of apps and banks approved by NPCI for providing UPI service to apply for this IPO.
Often users cannot find their UPI handle in the dropdown list of Angel One's IPO page. It could be because their UPI hand is not NPCI approved, and so they cannot apply for a company's IPO. To resolve your problem, you can create a new UPI ID on a handle featured on the NPCI list.
You can check your UPI ID from the concerned UPI app’s profile section. Click here to gain a better insight into how to locate your UPI ID on common UPI apps.
You are likely to receive a UPI mandate request on your UPI app within 15-20 minutes of bidding for the Seven Islands IPO on Angel One app. However, there might be some delay in receiving the mandate request from your designated bank.
Typically, you can approve your Seven Islands IPO mandate request on your UPI app. Click here to understand the steps involved to approve the mandate on different UPI apps.
One can approve the UPI mandate request before noon on the next working day after the Seven Islands IPO closed for public subscription. Please make sure to approve the Seven Islands IPO mandate request at the earliest.
Note that the UPI mandate request on our app does not get updated in real-time. However, the status will reflect shortly in the IPO order book if you have approved the request status correctly.
Ideally, one application per PAN is recommended as applying multiple times does not necessarily increase the chance of securing share allotment. Even if you choose to apply for Seven Islands IPO more than once and from different platforms, you are likely to get your application rejected and not get shares allotted.
When you apply for Seven Islands IPO via Angel One, you do not necessarily have to pay any charge.
NRIs cannot apply for Seven Islands IPO through Angel One app. However, they may choose to apply through the physical Application Supported By Blocked Amount process via their bank.
Yes, you can apply for Seven Islands initial public offering using any bank account that is in your name.
It is often recommended to apply for Seven Islands IPO via a savings account. This is because most banks do not always process initial public applications made through current accounts. Make sure to check with your bank first to gather more details.
HUFs cannot apply for Seven Islands IPO via Angel One app. However, they can use their HUF’s account to apply for this IPO via the physical ASBA process with their bank.
You cannot use a minor’s account to subscribe to Seven Island’s IPO through Angel One app. However, a minor can apply for the IPO through a physical ASBA process with his/her bank.
Following the ASBA process, banks usually hold or block money when you apply for an IPO. - After shares are allotted, the money is debited from the account. - If the shares are not allotted to you, the amount will be unblocked/released to your account on/before the expiry date of the UPI mandate.
Yes, you can modify your IPO bid's lot size and UPI ID after placing an order. Take note that once you approve your UPI mandate request for the Seven Islands IPO bid and then decide to modify the order later, the bid amount will be blocked along with the amount blocked for the initial bid. Following this, you will receive another mandate request. In case you do not approve the initial mandate, zero amount will be blocked for that bid.
Cancel your Seven Islands IPO bid by following these steps - Step 1: Go to the ‘Investment Opportunities’ tab on Angel One app. Step 2: Navigate to ‘IPOs and FPOs’ section. Step 3: Click on the relevant ‘Order Book’ option. Step 4: Select Seven Islands IPO order. Step 5: Click on ‘Details’ Step 6: Click the ‘Cancel’ option Step 7: Choose the withdraw/delete/cancel application option.
IPO shares are issued to investors at a cut off price. The said price is determined at IPO allotment stage. Ideally, retail investors bid for IPO shares at a cut off price to boost their chance of receiving an allotment.
Once you apply for Seven Islands IPO status, you can check the application status in the following steps: Step 1: Navigate to ‘Investment Opportunities’ and then to ‘IPOs & FPOs’ option. Step 2: Click on the relevant ‘Order Book’ option. The application status will appear on the screen.
Your Seven Islands IPO application can be rejected due to any of these reasons - - When approving the UPI mandate request, you might have used the wrong UPI PIN or UPI ID. - Your Demat A/c, bank A/c, and UPI ID are not mapped to one PAN. For instance, Priyanka uses Rohit's UPI ID to subscribe to Seven Islands IPO with her Demat A/c. But, her application may get rejected because: - Rohit’s bank A/c is not linked to Priyanka’s Demat A/c Rohit’s UPI is not linked to Priyanka’s PAN
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