ABS Marine Services
ABS Marine Services Info
Details about the ABS Marine Services IPO. Opening Date of ABS Marine Services is 10 May 24 and Closing Date is 15 May 24 . Face Value of Each share of ABS Marine Services is ₹10 per share. Price band of ABS Marine Services is ₹140 to ₹147. The Lot size of ABS Marine Services is 1,000 shares. Total issue size of ABS Marine Services IPO is ₹96.29 cr. Fresh Issue of ABS Marine Services IPO is 96.29 cr. This is a Book Building IPO. Expected to list on NSE SME. Share Holding Pre Issue of ABS Marine Services is 18,000,000. Share Holding Post Issue of ABS Marine Services is 24,550,000.
Business Summary
ABS Marine Services is a fully integrated company with in-house complete vessel management, including commercial management.
The company provides crew management services to ships comprising Oil Tankers, Gas Tankers, Bulk Carriers, Passenger Vessels, Offshore Support vessels, Harbour Crafts, and High-Speed Crafts.
The customers of ABS Marine Services are primarily comprised of Government of India, public sector undertakings, port authorities, and the private sector. The existing business of ABS Marine Services is divided into four divisions – 1) Ship Owning 2) Ship Management 3) Marine Services and 4) Port Services.
ABS Marine Services IPO Details
| Open Date | 10 May 24 |
|---|---|
| Close Date | 15 May 24 |
| Face Value | ₹10 per shares |
| Price Band | ₹140 - ₹147 |
| Lot Size | 1,000 Shares |
| Total issue Size | 6,550,000 Shares ₹96.29 cr |
| Fresh Issue | 6,550,000 Shares ₹96.29 cr |
| Issue Type | Book Building |
| Listing At | NSE SME |
| Share Holding Pre Issue | 18,000,000 |
| Share Holding Post Issue | 24,550,000 |
| Market Maker | Giriraj Stock Broking, Commodity Mandi |
| Market Maker Portion | 410,000 Shares |
| RHP , DHRP | View RHP, View DRHP |
ABS Marine Services IPO Timeline
The ABS Marine Services Initial Public Offering (IPO) is set to open on 10 May 24 and will end its subscription phase on 15 May 24. You can check your allotment status for ABS Marine Services on 16 May 24. The refund process for your funds will start promptly on 17 May 24. ABS Marine Services IPO credit of shares will be on 17 May 24. The listing date for ABS Marine Services is on 21 May 24.
Open Date
Close Date
Basis Of Allotment
Initialization of Refund
Credit of Share
Listing Date
ABS Marine Services IPO Reservation
The ABS Marine Services IPO reserves shares for different investor categories. Approximately Not more than 50.00% of the Net offer will be available for QIB, Not Less than 15% of the Net Issue will be available for NII, Not Less than 35% of the Net Issue will be available for Retail,
410,000 Shares will be reserved for subscription by Giriraj Stock Broking, Commodity Mandi
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50.00% of the Net offer |
| NII | Not Less than 15% of the Net Issue |
| Retail | Not Less than 35% of the Net Issue |
ABS Marine Services IPO Lot Size
Bids can be made for minimum of 1000 shares and in multiple of 1000 equity shares thereafter
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | 147,000 |
| Retail (Max) | 1 | 1,000 | 147,000 |
| HNI (Min) | 2 | 2,000 | 294,000 |
ABS Marine Services IPO Promoters Holding
Promoters holding details for ABS Marine Services in the current issue is as follows: The share holding of promoters before the issue stands at 86.5%, and after the issue, it has been adjusted to 63.42%.
Promoters of ABS Marine Services are Capt. P B Narayanan, Shreelatha Narayanan, Arathi Narayanan, Capt. Jeevan Krishnan Sanjeevan,
| Share Holding Pre Issue | 86.5% |
|---|---|
| Share Holding Post Issue | 63.42% |
ABS Marine Services Financial Information
Financial performance details for ABS Marine Services over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
| Period | 31 Mar 24 | 31 Mar 23 | 31 Mar 22 |
|---|---|---|---|
| Assets | 18,480.99 | 17,552.5 | 16,663.28 |
| Revenue | 13,801.89 | 11,380.78 | 8,283.98 |
| Profit After Tax | 2,355.41 | 952.74 | 809.43 |
ABS Marine Services IPO Key Performance Indicator
Key Performance Indicators (KPIs) for ABS Marine Services are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
| KPI | Value |
|---|---|
| P/E (x) | 11.23 |
| ROCE | 18.67% |
| EPS (Rs) | 13.09 |
Object of the Issue
- • Acquisition of offshore vessel
- • Funding the working capital requirements of the Company
- • General corporate purposes
Contact Details for ABS Marine Services
Phone
Office
Flat No. 3, Anugraha Foundation No. 15, Valliammal Road Vepery, Chennai – 600007
Registrar Details for ABS Marine Services
Purva Sharegistry India Pvt Ltd
Phone
Office
Unit No. 9, Ground Floor, Shiv Shakti Ind. Estt, J. R. Boricha Marg, Lower Parel East, Mumbai, Maharashtra 400011
Lead Manager
- • GYR Capital Advisors Private Limited