ABS Marine Services Ltd
Price Range
₹140 - ₹147
Min. Quantity
1,000
Closes on
15 May 2024
Min. investment
₹1,47,000/1,000 Shares
ABS Marine Services Ltd IPO Timeline
ABS Marine Services Ltd originally incorporated as ABS Marine Services Private Limited' a Private Limited Company dated October 27, 1992, issued by the Registrar of Companies, Tamil Nadu was subsequently, changed to ABS Marine Services Limited' and upon conversion into Public Company, fresh Certificate of Incorporation was issued by the RoC on October 23, 2023.
| Event | Date |
|---|---|
| ABS Marine Services Ltd IPO Opening Date | 10 May 2024 |
| ABS Marine Services Ltd IPO Closing Date | 15 May 2024 |
| Basis of Allotment | 16 May 2024 |
| Initiation of Refunds | 16 May 2024 |
| Credit of Shares to Demat | 17 May 2024 |
| ABS Marine Services Ltd IPO Listing Date | 21 May 2024 |
ABS Marine Services Ltd IPO Details
| ABS Marine Services Ltd IPO Date | 10 May 2024 to 15 May 2024 |
| ABS Marine Services Ltd IPO Face Value | ₹10 per share |
| ABS Marine Services Ltd IPO Price | ₹140 to ₹147 per share |
| ABS Marine Services Ltd IPO Lot Size | 1,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹96.29 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹96.29 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | P B Narayanan, Shreelatha Narayanan, Arathi Narayanan |
ABS Marine Services Ltd IPO Lot Size
The ABS Marine Services Ltd IPO lot size is 1,000 shares. A retail-individual investor can apply for up to 1 lots (1,000 shares or ₹1,47,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,000 | ₹1,47,000 |
| Maximum | 1 | 1,000 | ₹1,47,000 |
- Strengths
- Risks
- Opportunities
- Scaled platform with strong track record of growth and market leadership.
- Diversified fleet.
- Well positioned to grow its 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.
Company Financials
ABS Marine Services Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 153.81 | 120.52 | 19.46 |
| 03-2023 | 144.08 | 97.16 | 8.00 |
| 03-2022 | 129.51 | 68.93 | 7.77 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Acquisition of offshore vessel
- Funding the working capital requirements of the company
- General corporate purposes
ABS Marine Services Ltd IPO Promoter Holding
| Pre Issue Share Holding | 50% |
| Post Issue Share Holding | 36.66% |
ABS Marine Services Ltd IPO Subscription Status (Bidding Detail)
The ABS Marine Services Ltd IPO is subscribed 133 times on 15 May 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 133 |
ABS Marine Services Ltd IPO Prospectus
ABS Marine Services Ltd IPO Listing Date
| Listing Date | 21 May 2024 |
| BSE Script | 33676 |
| NSE Symbol | ABSMARINE |
| Listing In | NSE - SME |
| ISIN | INE0QRV01016 |
| IPO Price | ₹147 |
| Face Value | ₹10 |
Company Contact Information
Flat # 3 Anugraha Foundation# 15 Valliammal Road Vepery,Chennai-600007
Phone: +044 4291 4135/155
Email: cs@absmarine.com
Website: www.absmarine.com
ABS Marine Services Ltd IPO Registrar
ABS Marine Services Ltd IPO Lead Manager(s)
- GYR Capital Advisors Pvt Ltd
FAQ
What is the issue size of ABS Marine Services Ltd IPO?
I have pre-applied for ABS Marine Services Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.