Seven Islands Shipping IPO will hit the market in September 2021 as per the market news. The company to raise ₹600 crores (approx) via an initial public offer with a face value of ₹10 per equity share.
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. Check out Seven Islands Shipping IPO and GMP details.
Seven Islands Shipping IPO Date & Price Band:
| IPO Opening Date | Sep , 2021 |
| IPO Closing Date | Sep , 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹ to ₹ per equity share |
| Market Lot | Shares |
| Min Order Quantity | Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹600 Cr) |
| Fresh Issue | [.] Eq Shares of ₹10 (aggregating up to ₹400 Cr) |
| Offer for Sale | [.] Eq Shares of ₹10 (aggregating up to ₹200 Cr) |
Seven Islands Shipping IPO Tentative Timetable
The Seven Islands Shipping IPO open date is Sep 2021, and the close date is Sep 2021. The issue may list on Sep 2021.
| IPO Open Date | Sep , 2021 |
| IPO Close Date | Sep , 2021 |
| Basis of Allotment Date | Sep , 2021 |
| Initiation of Refunds | Sep , 2021 |
| Credit of Shares to Demat Account | Sep , 2021 |
| IPO Listing Date | Sep , 2021 |
Seven Islands Shipping IPO Market Lot:
The Seven Islands Shipping IPO minimum market lot is shares with ₹ application amount. The retail investors can apply up to 13 lots with shares or ₹ amounts.
| Minimum Lot Size: | Minimum Shares |
| Minimum Amount: | ₹ |
| Maximum Lot Size: | Maximum Shares |
| Maximum Amount: | ₹ |
Seven Islands Shipping Company Financial:
| Financial Year (As Of) | Total Assets (In Rs. Crore) | Total Expenses (In Rs. Crore) | Total Revenue (In Rs. Crore) | Profit After Tax (In Rs. Crore) |
|---|---|---|---|---|
| 30th December 2020 | 18,032.99 | 6,198.77 | 7,425.64 | 1,194.67 |
| March 2020 | 16,552.68 | 6,432.01 | 7,279.61 | 802.96 |
| March 2019 | 12,260.06 | 4,293.23 | 4,703.22 | 388.16 |
| March 2018 | 9,356.51 | 3,263.31 | 4,151.63 | 880.01 |
Seven Islands Shipping IPO Reviews / Ratings
- Updates Soon
Brokerage Firm IPO Reviews for Seven Islands Shipping IPO
- ICICI Securities: Adding Soon
- Motilal Oswal: Adding Soon
- Capital Market: Adding Soon
- Ventura Securities Limited: Adding Soon
- KR Choksey: Adding Soon
- AXIS Capital Ltd: Neutral
Read Also:-
- Seven Islands Shipping IPO GMP (Grey Market Premium)
- Seven Islands Shipping IPO Subscription Status
- Seven Islands Shipping IPO Allotment Status
Seven Islands Shipping IPO Form:
How to apply the Seven Islands Shipping IPO? You can apply for Seven Islands Shipping IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Seven Islands Shipping IPO in the Invest section. The other option is you can apply to Seven Islands Shipping IPO via IPO forms download via NSE and BSE. Check out the Seven Islands Shipping IPO forms - click NSE Forms & BSE Forms blank Seven Islands Shipping IPO forms download, fill, and submit in your bank or with your broker.
Seven Islands Shipping IPO Subscription Numbers(Day 1)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | x | x | x |
| NII | x | x | x |
| RII | x | x | x |
| EMP | x | x | x |
| OTH | x | x | x |
| Total | x | x | x |
About Seven Islands Shipping
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 categorized 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 fulfill the following objectives by utilizing 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 Prospectus
- Seven Islands Shipping DRHP
- Seven Islands Shipping RHP
Seven Islands Shipping Company Promoters:
- Dr. S. Surendranath Reddy
Seven Islands Shipping IPO Registrar:
C-101, 247 ParkLBS Marg, Surya Nagar,Gandhi Nagar, Vikhroli (West),Mumbai 400 083Tel: (91 22) 4918 6200Fax: (91 22) 4918 6195E-mail: sevenislands.ipo@linkintime.co.inInvestor grievance e-mail: sevenislands.ipo@linkintime.co.inWebsite:www.linkintime.co.inContact person: Shanti GopalkrishnanSEBI registration number: INR000004058
Seven Islands Shipping IPO Lead Managers:
- JM Financial Limited
- IIFL Securities Limited
Seven Islands Shipping Company Address:
Seven Islands Shipping Ltd.
Suite 3A, 3B & 4, Level 8, B Wing, Times Square,
Andheri - Kurla Road, Andheri - East,
Mumbai - 400059, Maharashtra, India.
Tel: +91 22 4225 4225
Fax: +9122 4225 4226
E-mail: sevenislands@sishipping.com
Seven Islands Shipping IPO FAQs
What is Seven Islands Shipping IPO?
Seven Islands Shipping IPO is a main-board IPO. They are going to raise ₹600 Crores via IPO. The issue is priced at ₹ to ₹ per equity share. The IPO is to be listed on BSE & NSE.
When Seven Islands Shipping IPO will open?
The Seven Islands Shipping IPO is to open on Sep 2021 for QIB, NII, and Retail Investors.
What is Seven Islands Shipping IPO Investors Portion?
The investors' portion for Seven Islands Shipping IPO is QIB 50%, NII 15%, and Retail 35%.
How to Apply the Seven Islands Shipping IPO?
You can apply for Seven Islands Shipping IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Seven Islands Shipping IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name "Seven Islands Shipping". Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
What is Seven Islands Shipping IPO Size?
Seven Islands Shipping IPO size is ₹600 crores (Approx).
What is Seven Islands Shipping IPO Price Band?
Seven Islands Shipping IPO Price Band is ₹ to ₹.
What is Seven Islands Shipping IPO Minimum and Maximum Lot Size?
The minimum bid is Shares with ₹ amount while the maximum bid is shares with ₹.
What is Seven Islands Shipping IPO Allotment Date?
Seven Islands Shipping IPO allotment date is Sep 2021.
What is Seven Islands Shipping IPO Listing Date?
Seven Islands Shipping IPO listing date is Sep 2021. The IPO to list on BSE and NSE.
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