ABS Marine Services IPO Details Today, GMP Price, Date, Review

ABS Marine Services IPO Allotment Status Online

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

  1.  Acquistion of off shore vessel
  2.  Funding the working capital requirements of our Company; and
  3.  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

  1.  Scaled platform with strong track record of growth and market leadership.
  2.  Diversified fleet.
  3.  Well positioned to grow our fleet size to take advantage of India’s growth.
  4.  Experienced management team, backed by a strong board and marquee shareholders, along with strong culture of compliance;
  5.  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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