IPO

ABS Marine Services Limited IPO

NSE SME

Listed On: May 21, 2024 at ₹ 294.0

₹ 147000 /1000 Shares

Check Allotment

ABS Marine Services Limited IPO Details

10 May, 2024

Open Date

15 May, 2024

Close Date

16 May, 2024

Allotment Date

21 May, 2024

Listing Date

Issue Price

₹140-147 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Purva Sharegistry India Pvt Ltd

List Price

294.0

Listing Date

2024-05-21

Market Lot

1000 Shares (₹147,000/-)

Lead Manager

GYR Capital Advisors Private Limited

Issue Size

6,550,000 shares(aggregating up to ₹96.29 Cr)

Retail Portion

35%

Subscription

143.09 times

IPO Docs

DRHP RHP

ABS Marine Services Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,228,000 / 922,0002,149,0004,299,000
Day 1 - 10-05-24 06:00 PM1.27 / 1.69 x2.28 x1.86 x
Day 2 - 13-05-24 06:00 PM1.28 / 6.80 x9.87 x6.76 x
Day 3 - 14-05-24 06:00 PM4.82 / 18.38 x26.05 x18.34 x
Day 4 - 15-05-24 06:00 PM109.30 / 271.18 x107.44 x143.09 x
Total No. of Applications: 230,886 (Approx)

ABS Marine Services Limited Valuations

EPS Pre IPO

₹5.68/-

EPS Post IPO

₹9.79/-

P/E Pre IPO

25.9

P/E Post IPO

15.02

RoNW

12.62%

ABS Marine Services Limited Company Financials All values are in ₹ Lakh

31-Mar-2431-Mar-2331-Mar-22
Assets18,480.9917,552.5016,663.28
Revenue13,801.8911,380.788,283.98
Profit After Tax2,355.41952.74809.43

About The Company

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 is divided into four divisions: Ship Ownership, Ship Management, Marine Services, and Port Services.

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.

The company has offices in Mumbai and Chennai, India's two largest cities, as well as a branch office in Cochin and a satellite office in Kakinada. In addition, as of December 31, 2023, the company has a network of more than 40 in-house professionals to support it in its work.

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ABS Marine Services Limited - Promoter(s)

Pre Issue Share Holding: 86.50%

Post Issue Share Holding: 63.42%


Company Promoter(s)

  1. Capt. P B Narayanan
  2. Shreelatha Narayanan
  3. Arathi Narayanan
  4. Capt. Jeevan Krishnan Sanjeevan

ABS Marine Services Limited IPO - Issue Objectives

  1. Acquistion of off shore vessel
  2. Funding the working capital requirements of the Company
  3. General corporate purposes.

Other Details

Company Contact Details

ABS Marine Services Limited

Flat No. 3, Anugraha Foundation, No. 15, Valliammal Road, Vepery, Chennai – 600007

Phone: 044-42914135

Email: cs@absmarine.com

Website: http://www.absmarine.com/

Registrar Contact Details

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761

Email: newissue@purvashare.com

Website: https://www.purvashare.com/investor-service/ipo-query

ABS Marine Services Limited IPO - FAQs

Ans. ABS Marine Services Limited IPO is a SME IPO. The issue is priced at ₹140-147 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on May 10, 2024, and closes on May 15, 2024. Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The ABS Marine Services Limited IPO opens on May 10, 2024 and closes on May 15, 2024.

Ans. The size of ABS Marine Services Limited IPO is 6,550,000 shares(aggregating up to ₹96.29 Cr).

Ans. The IPO price band is set between ₹140-147 per equity share.

Ans. To apply for ABS Marine Services Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find ABS Marine Services Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of ABS Marine Services Limited IPO is May 16, 2024.

Ans. The ABS Marine Services Limited IPO will be listed on May 21, 2024.

Ans. Follow the steps to check the allotment status for ABS Marine Services Limited IPO here.