ABS Marine Services IPO Details: ABS Marine Services is gearing up for a significant event as the dates for its IPO have been announced. The IPO is slated to kick off on May 10th and wrap up on May 15th, with the aim of raising ₹96.29 crores through the NSE SME platform. Investors can participate in the ABS Marine Services IPO at a price band of ₹140 to ₹147 per share, with a market lot comprising 1000 shares.
Founded by the diligent promoter, Capt. P B Narayanan, who boasts over four decades of experience in the Shipping Industry, ABS Marine Services has made impressive strides since its inception. Starting with just two offshore vessel management operations, as of December 31, 2023, the company boasts a fleet of five owned vessels, including advanced offshore vessels servicing the Oil & Gas sector and Harbour Crafts serving Indian Ports. Additionally, they manage a total of 12 vessels on behalf of various government bodies, public sector undertakings, private companies, and port authorities. Offering crew management services to an additional 24 ships, including Oil Tankers, Gas Tankers, and Passenger Vessels, among others, ABS Marine Services has established itself as a reliable player in the maritime industry.
Their diverse fleet, comprising state-of-the-art vessels like DP-2 Multipurpose Offshore Supply Vessels and Anchor Handling Towing Supply Vessel, highlights their commitment to offering comprehensive maritime solutions. With complete in-house vessel management capabilities, including commercial management, ABS Marine Services stands as a fully integrated company ready to meet the evolving needs of the maritime sector.
ABS Marine Services IPO Objectives:
The Company proposes to utilise the Net Proceeds towards funding the following objects
- Acquistion of off shore vessel
- Funding the working capital requirements of the Company; and
- General corporate purposes.
ABS Marine Services IPO Review (Apply or Not)
- Apply
ABS Marine Services IPO Date & Price Band Details:
| IPO Open: | 10-May-2024 |
| IPO Close: | 15-May-2024 |
| IPO Size: | Approx ₹96.29 Crores, 6,550,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹140 to ₹147 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
ABS Marine Services IPO Lot Size:
For investors considering the ABS Marine Services IPO, it’s important to note that the minimum market lot comprises 1000 shares, necessitating an application amount of ₹147,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹147,000 |
| Retail Maximum | 1 | 1000 | ₹147,000 |
| S-HNI Minimum | 2 | 2000 | ₹294,000 |
ABS Marine Services IPO Timeline:
Mark your calendars! The ABS Marine Services IPO is scheduled to commence on May 10th and will run until May 15th. Keep an eye out for May 16th, as that’s when IPO allotments will be announced. And if all goes smoothly, the IPO is expected to be listed on May 20th.
| 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: | 20-May-2024 |
ABS Marine Services IPO GMP Today:
As of the latest update , the last Grey Market Premium (GMP) for the ABS Marine Services SME IPO stands at ₹100. This suggests a potential trading premium of ₹100 per share in the grey market.
Considering the price band of ₹147.00, analysts estimate the IPO’s listing price to be around ₹247, which includes the cap price and today’s GMP. This projection indicates a potential gain or loss per share of approximately 68.03%.
ABS Marine Services Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹68.93 | ₹58.68 | ₹7.77 |
| 2023 | ₹97.16 | ₹86.58 | ₹8.00 |
| 2024 | ₹120.52 | ₹97.58 | ₹19.46 |
ABS Marine Services IPO Valuation – FY2023-24
Check ABS Marine Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹13.09 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 20.10% |
| Net Asset Value (NAV): | ₹65.10 per Equity Share |
Peer Group
- Shipping Corporation of India
- Seamec Limited
Company Promoters
- Capt. P B Narayanan
- Shreelatha Narayanan
- Arathi Narayanan
- Capt. Jeevan Krishnan Sanjeevan
ABS Marine Services IPO Registrar
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 IPO Allotment Status
Check ABS Marine Services IPO allotment status on Purva Sharegistry website URL. Click Here
ABS Marine Services IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
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/
