Published on Friday, January 5, 2018 by Dilip Davda
Seven Islands, a dominant player in liquid marine logistics with around 12 Marine Tankers and having clients like HPCL, BPCL, IOC is gearing for a maiden IPO of Rs. 450 crore comprising Rs. 200 crore fresh equity issue and Rs. 250 crore via offer for sale. Company is diluting around 22% of post issue equity.
It has been reporting CAGR of above 25% in top lines and 50% in bottom lines for past three fiscals. Its turnover grew from Rs. 104 crore in FY 14 to Rs. 383 crore in FY 17 with commensurate rise in net profits that grew from Rs. 17 crore to Rs. 107 crore for the corresponding years.
As of June 2017, it is the third largest liquid seaborne logistics company in India by deadweight tonnage (Source: CRISIL Report). All its vessels are registered and flagged in India and operate as Indian owned and flagged vessels. Company operates primarily along the Indian coast, Arabian gulf and South-east Asia. Currently company owns and operates 12 liquid vessels with a total deadweight capacity of 900,558 MT out of which two are Small vessels, seven are MR vessels, two are Suezmax vessels and one is a VLCC vessel.
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Investors should bear in mind that any investment in stock markets are subject to unpredictable market related risks. Above information is based on RHP and other documents available as of date coupled with market perception. Author has no plans to invest in this offer.
(SEBI registered Research Analyst-Mumbai).
About Dilip Davda
Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.
Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.
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