ABS Marine Services IPO Details Today: ABS Marine Services IPO is Open on [.] and Close on [.]. ABS Marine Services IPO to Raise 6,700,000 shares (Approx ₹[.] Cr) via IPO. The Fresh Issue of 6,700,000 shares (Approx ₹[.] Cr).
ABS Marine Services was originally incorporated 1992 as Our Company was started by our diligent promoter, Capt. P B Narayanan, a person with long experience of more than 4 decades in the Shipping Industry. Our company started operations with two offshore vessel management and as of the date of December 31, 2023 we have 5 owned vessels comprising of 2 advanced offshore vessels servcing the Oil & Gas sector & 3 Harbour Crafts serving the Indian Ports sector We have one long term chartered specialised multipurpose offshore vessel serving the Oil & Gas Sector.
In addition, as of December 31, 2023 we are carrying out total ship management of 12 vessels on behalf of Government, public sector undertakings, private companies and port authorities. We providing crew management services to a further 24 ships comprising Oil Tankers, Gas Tankers, Bulk Carriers, Passenger Vessels and Hisgh Speed Crafts. Our fully owned, chartered-in, totally managed & crewed fleet includes state of the art DP-2 Multipurpose offshore Supply Vessels, Anchor Handling Towing Supply Vessel, multi-disciplinary Ocean Research Vessels, Coastal Research Vessels, Fishery Oceanographic Research Vessel, Bulk Carriers, Gas Tankers, Oil Tankers, Passenger Vessels, High Speed Crafts & Harbour Crafts. Our customers are primarily comprised of Government of India, large industrial concerns, public sector undertakings, port authorities and private sector.
ABS Marine Services Date & Price Band Details
| IPO Open Date | 10 May 2024 |
|---|---|
| IPO Close Date | 15 May 2024 |
| IPO Size | 6,550,000 shares (Approx ₹96.29 Cr) |
| Fresh Issue | 6,550,000 shares (Approx ₹96.29 Cr) |
| Lot Size | 1000 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹140 to ₹147 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
ABS Marine Services IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹147,000 |
| Retail Maximum | 1 | 1000 | ₹147,000 |
| S-HNI Minimum | 2 | 2000 | ₹294,000 |
Objects of the Issue
- Acquistion of off shore vessel
- Funding the working capital requirements of our Company; and
- General corporate purposes.
ABS Marine Services IPO Allotment & Listing Date (Details)
| IPO Open Date | 10 May 2024 |
|---|---|
| IPO Close Date | 15 May 2024 |
| Basis of Allotment | 16 May 2024 |
| Refunds | 17 May 2024 |
| Credit to Demat Account | 17 May 2024 |
| IPO Listing Date | 21 May 2024 |
ABS Marine Services Financial Reports
| ₹ in Lakhs | |||
|---|---|---|---|
| Year | Revenue | Networth | PAT |
| Oct 2023 | ₹6,385.48 | ₹10,701.67 | ₹1,401.40 |
| 2023 | ₹11,380.78 | ₹9,352.39 | ₹1,021.71 |
| 2022 | ₹8,283.98 | ₹8,369.95 | ₹842.66 |
| 2021 | ₹9,195.45 | ₹7,548.04 | ₹207.67 |
Qualitative Factors
- Scaled platform with strong track record of growth and market leadership.
- Diversified fleet.
- Well positioned to grow our fleet size to take advantage of India’s growth.
- Experienced management team, backed by a strong board and marquee shareholders, along with strong culture of compliance;
- Deeply entrenched, long-standing client relationships with a diversified and expanding client base.
ABS Marine Services Comparison Listed Industry Peers Group
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|
| ABS Marine Services Limited | 10.00 | 5.29 | [.] | 10.19% | 11,380.78 |
| Peer Group | |||||
| Shipping Corporation of India | 10.00 | 18.68 | 12.51 | 13.52% | 5,90,721 |
| Seamec Limited | 10.00 | 13.20 | 87.81 | 4.45% | 45,722 |
Our Company Promoters
- Capt. P B Narayanan
- Shreelatha Narayanan
- Arathi Narayanan
- Capt. Jeevan Krishnan Sanjeevan
Comparison of Accounting Ratios with Industry Peers
- ABS Marine Services Limited
- Shipping Corporation of India
- Seamec Limited
ABS Marine Services Company Contact Details
Flat No. 3, Anugraha Foundation, No. 15,
Valliammal Road, Vepery, Chennai – 600007,
Tamil Nadu, India
Telephone No.: +044-42914135/ 155
E-mail: cs@absmarine.com
Website: www.absmarine.com
ABS Marine Services IPO Registar
Purva Shareregistry (India) Private Limited
Address: 9, Shiv Shakti Industrial Estate, J.R. Boricha Marg,
Lower Parel (East), Mumbai- 400011, Maharashtra
Telephone: +91 022 4961 4132/3190 8810
Email: newissue@purvashare.com
Investor Grievance e-mail: newissue@purvashare.com
Website: www.purvashare.com
Contact Person: Ms. Deepali Dhuri
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