Posted on Friday, January 5, 2018
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. 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 (SEBI registered Research Analyst-Mumbai), a freelance journalist for more than 25 years, is a stock market analyst and news article writer. Since 1985, he has contributed to print media, electronic media and often appears on TV channels as visiting stock analyst. His articles are regularly publishes in Smart Investment (English and Gujarati weekly published from Ahmedabad), Free Press Journal and many other news papers & magazines. He is also a visiting stock analyst on DD News TV Channel.
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