Seven Islands Shipping IPO
Seven Islands Shipping Ltd. has received a green signal from SEBI to launch Rs 600 crores IPO. The offer size contains Rs 400 crore fresh shares and Rs 200 crore offer for sale equities. The issue will launch in April. According to the DRHP filed with the market regulator, investor FIH Mauritius Investment will offload Rs 100 crore of OFS. Company promoters Thomas and Leena Pinto will sell shares worth Rs 85.64 crores and Rs 14.35 crores from their stashes.
Seven Islands Shipping IPO
Seven Islands Shipping IPOIPO Date : To be updated
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Seven Islands Shipping Information
Seven Island Shipping Ltd. started operating in 2003 with only one ship. And, on January 2021, the company owned a fleet of 20 vessels for carrying liquid cargo with a total deadweight capacity of 1,105,682 metric ton.
The company is primarily engaged in carrying crude oil. As of December 2020, Seven Islands Shipping was the third-largest seaborne logistic company in India in terms of deadweight tonnage. In the last eighteen years, the company increased both its capacity and market share.
- It is the third in the segment of seaborne logistic companies in India in terms of deadweight tonnage
- The company operates twenty liquid cargo carrier, transporting crude oil
- It is well-positioned to capitalise on the opportunity given with a robust client list, including Indian oil and gas public sector units
- Strong financial record
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In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.
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