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

Issuer

Seven Islands Shipping IPO

IPO Date : To be updated
Price Band
To be updated

Issue Size
₹ To be updated

Face Value
₹ To be updated

Market Lot
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.

Competitive strength

  • 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

How to apply for Seven Islands Shipping IPO :


1. If you are already a client of Angel Broking, apply directly for Seven Islands Shipping IPO, click here.

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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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Seven Islands Shipping IPO FAQs

What is an IPO?

Companies release initial public offering shares to list in the stock exchange to become publicly traded. It is a process to issue company equity shares to the general investors and raise capital through the action.

What is the Seven Island Shipping Ltd. IPO?

Seven Island Shipping Ltd. has received a nod from SEBI to float Rs 600 crore IPO, comprising Rs 400 crores in fresh scrips and Rs 200 crores in offer for sale equities.

How to apply for Seven Island Shipping Ltd. IPO through Angel Broking?

Investors need to login to their portal in the Angel Broking website or Mobile app and click on Seven Island Shipping Ltd. IPO from the list. Need a Demat account to invest in IPOs? Click here.

When will Seven Island Shipping Ltd. IPO open?

The IPO is expected sometime in April 2021.

What is the minimum lot size for retail investors?

We will update the page when the issuer announces the details.

How to apply for Seven Island Shipping Ltd. IPO?

Investors can apply through their brokers or use the net banking service of their banks. All IPO applications must be backed by an ASBA form - a self authorisation form that allows the bank to block funds in the investor’s account for the amount of the IPO application.

When is the Seven Island Shipping Ltd. IPO allotment date?

We will update the page when the issuer announces the date.

When is the Seven Island Shipping Ltd. IPO listing date?

We will update the dates when announced.

How to pay for Seven Island Shipping Ltd. IPO using UPI?

Investors can pay through UPI by linking their bank account to a UPI payment handle - BHIM or Google Pay. While making payment, you will receive a payment mandate on your UPI handle, which you need to accept to complete the bidding process.

How will I receive the Seven Island Shipping Ltd. IPO?

Investors will receive Seven Island Shipping Ltd. IPO shares after the finalisation of allotment into their Demat account directly. Open an Angel Broking Demat today and invest in upcoming IPOs. Click here.

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