ABS Marine Services Limited IPO is an NSE SME IPO. They are going to raise ₹96.29 Crores via IPO. The issue is priced at ₹140 to ₹147 per equity share. The IPO is to be listed on NSE.
ABS Marine Services Limited IPO opens for subscription on May 10, 2024, and closes on May 15, 2024. The allotment for the ABS Marine Services Limited IPO is expected to be finalized on May 16, 2024. ABS Marine Services Limited IPO will list on NSE SME with tentative listing date fixed as May 21, 2024.
IPO Details | allotment |
Minimum Investment ₹147,000 /1 Lot (1000 shares) | Price Range ₹140-₹147 | |
Max Quantity 1 Lots/1000 Shares | Max Investment ₹147,000 | Retail Discount ₹0 |
Investor category and subcategory Individual- HNI & Retail | Issue Size 96.29 Cr | Employee Discount ₹0 |
Total Issue Size 6,550,000 Shares (aggregating up to ₹96.29 Cr) | Share Holding Pree Issue 18,000,000 | Issue Type Book Built Issue IPO |
Fresh Issue Share 6,550,000 Shares (aggregating up to ₹96.29 Cr) | Share Holding Post Issue 24,550,000 | Listing At NSE SME |
Market Maker Portion 410,000 Shares (Giriraj Stock Broking Commodity Mandi) | Face value ₹10 pr share. |
IPO Dates
Offer Starts | 10 May 2024 |
Offer Ends | 15 May 2024 |
Allotment | 16 May 2024 |
Refunds | 17 May 2024 |
Credit of shares to Demat account | 17 May 2024 |
IPO Listing | 21 May 2024 |
About ABS Marine Services Limited
Founded in October 1992, ABS Marine Services Limited manages offshore vessels and owns five vessels as of December 31, 2023. These include two modern offshore vessels for the oil and gas sector and three harbour vessels for the Indian port sector.
The company currently manages a total of 12 vessels for the government, public companies, private companies and port authorities (as of December 31, 2023). It also provides crew management services for 24 other vessels, including oil tankers, gas carriers, bulk carriers, passenger ships and high-speed vessels.
The company owns a fleet of vessels that are fully chartered, managed and manned. These vessels are equipped with state-of-the-art DP-2 multipurpose offshore supply vessels, anchor handling supply vessels, multidisciplinary marine research vessels, coastal research vessels, oceanographic fisheries research vessels, bulk carriers, gas tankers, oil tankers, passenger vessels, high speed craft and harbour vessels.
Founded in | Managing Director |
1992 | Mr. |
Share Holding
The promoters of the company are Capt. P B Narayanan, Shreelatha Narayanan, Arathi Narayanan and Capt. Jeevan Krishnan Sanjeevan.
Share Holding Pre-Issue | 86.50% |
Share Holding Post-Issue | 63.42% |
ABS Marine Services Limited IPO Prospectus
ABS Marine Services Limited IPO Prospectus | |
DRHP Draft Prospectus | Click Here |
RHP Draft Prospectus | Click Here |
Financials
Year | 2023 | 2022 | 2021 |
Revenue | ₹13,801.89 | ₹11,380.78 | ₹8,283.98 |
Assets | ₹18,480.99 | ₹17,552.50 | ₹16,663.28 |
Profit | ₹2,355.41 | ₹952.74 | ₹809.43 |
values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
Values | Values | ||
Market cap | 360.88Cr | ROE | 18.67% |
P/E (X) | 11.23 | ROCE | % |
POST P/E (X) | 15.32 | EPS | 13.09 |
Debt to Equity | 0.39 | RONW | 20.10% |
Objects of the Issue
The Objects of the company is to raise funds for:
- Acquistion of off shore vessel
- Funding the working capital requirements of the Company; and
- General corporate purposes.
Brokerage Firm IPO Review
- To be updated soon
ABS Marine Services Limited Contact Details | |
Address | ABS Marine Services Limited Flat No. 3, Anugraha Foundation No. 15, Valliammal Road Vepery, Chennai – 600007 |
Phone: | 044-42914135 |
cs@absmarine.com | |
Website | http://www.absmarine.com/ |
ABS Marine Services Limited IPO Registrar | |
. | Purva Sharegistry India Pvt Ltd |
Phone | +91-022-23018261/ 23016761 |
newissue@purvashare.com | |
Website | https://www.purvashare.com/investor-service/ipo-query |
ABS Marine Services Limited IPO Allotment Status Check |
ABS Marine Services Limited IPO Allotment Status Check Click Here |
ABS Marine Services Limited Lead Managers | |
GYR Capital Advisors Limited 428, Gala Empire, Near T.B. Tower Drive In Road Thaltej, Ahmedabad – 380054 Gujarat, India | |
Phone | +91-82009 31018 |
info@gyrcapitaladvisors.com | |
Website | http://www.gyrcapitaladvisors.com/ |
ABS Marine Services Limited IPO FAQs
What is ABS Marine Services Limited IPO?
- ABS Marine Services Limited IPO is an NSE SME IPO. They are going to raise ₹96.29 Crores via IPO. The issue is priced at ₹140 to ₹147 per equity share. The IPO is to be listed on NSE.
- The IPO opens on May 10, 2024, and closes on May 15, 2024.
When ABS Marine Services Limited IPO will open?
- The IPO is to open on May 10, 2024, for QIB, NII, and Retail Investors. and closes on May 15, 2024
What is ABS Marine Services Limited IPO Investors Portion?
- The investors’ portion for QIB is 50% NII is 15%, and Retail is 35%.
What is ABS Marine Services Limited IPO Size?
- ABS Marine Services Limited IPO size is ₹96.29 crores.
What isABS Marine Services Limited IPO Price Band?
- ABS Marine Services Limited IPO Price Band is ₹140 to ₹147 per equity share.
What is ABS Marine Services Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (1000 Shares) with ₹147,000. and Maximum Lot Size 1 Lots (1000 Shares) with ₹147,000
What is ABS Marine Services Limited IPO Allotment Date?
- ABS Marine Services Limited IPO allotment date is May 16, 2024.
What is ABS Marine Services Limited IPO Listing Date?
- ABS Marine Services Limited IPO listing date is May 21, 2024. The IPO to list on NSE.