ABS Marine Services Limited IPO (ABS Marine Services IPO)

ABS Marine Services Limited IPO
Upcoming ABS Marine Services IPO | New ABS Marine Services IPO

ABS Marine Services Limited manages offshore vessels and owns five vessels as of December 31, 2023. These include two modern offshore vessels for the oil and gas sector and three harbour vessels for the Indian port sector.

The company is divided into four divisions:

  • Ship Ownership,
  • Ship Management,
  • Marine Services,
  • Port Services.

The company currently manages a total of 12 vessels for the government, public companies, private companies and port authorities (as of December 31, 2023). It also provides crew management services for 24 other vessels, including oil tankers, gas carriers, bulk carriers, passenger ships and high-speed vessels.

The company owns a fleet of vessels that are fully chartered, managed and manned. These vessels are equipped with state-of-the-art DP-2 multipurpose offshore supply vessels, anchor handling supply vessels, multidisciplinary marine research vessels, coastal research vessels, oceanographic fisheries research vessels, bulk carriers, gas tankers, oil tankers, passenger vessels, high speed craft and harbour vessels.

The company has offices in Mumbai and Chennai, India’s two largest cities, as well as a branch office in Cochin and a satellite office in Kakinada. In addition, as of December 31, 2023, the company has a network of more than 40 in-house professionals to support it in its work.

ABS Marine Services IPO – Details

IPO Opening Date10 May 2024
IPO Closing Date15 May 2024
Issue TypeBook Built Issue IPO
Issue Size65,50,000 Shares Worth ₹96.29 Crore
Fresh Issue: 65,50,000 Shares Worth ₹96.29 Crore
Face Value₹10 per equity share
IPO Price₹140 – ₹147
Market Lot1000 Shares
Min Order1000 Shares (1 Lot)
Listing AtNSE SME
RegisterPurva Sharegistry India Pvt Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

ABS Marine Services IPO – Date Schedule

IPO Open Date10 May 2024
IPO Close Date15 May 2024
Basis of Allotment16 May 2024
Initiation of Refund17 May 2024
Credit of Shares to Demat Account17 May 2024
IPO Listing Date21 May 2024
Cut-off time for UPI mandate confirmation5 PM on May 15, 2024

ABS Marine Services IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11000₹1,47,000
Retail (Maximum)11000₹1,47,000
HNI (Minimum)22000₹2,94,000

Competitive Strengths

  • Scaled platform with 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 board and marquee shareholders, along with culture of compliance;
  • Deeply entrenched, long-standing client relationships with a diversified and expanding client base.

Company Promoters

  • Capt. P B Narayanan
  • Shreelatha Narayanan
  • Arathi Narayanan
  • Capt. Jeevan Krishnan Sanjeevan

Object Of The Issue

  • Acquistion of off shore vessel;
  • Funding the working capital requirements of the Company; and
  • General corporate purposes.

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202268.9358.797.7161.14
31 March 202397.1586.578.0048.66
31 March 2024120.5197.5819.4645.67
Amount in ₹ Crore

Key Performance Indicator

EPS (Rs)13.099.59
P/E (x)11.2315.32

ABS Marine Services IPO Promoter Holding

Pre Issue Share Holding86.50%
Post Issue Share Holding63.42%

ABS Marine Services IPO Prospectus

Company Contact Information

ABS Marine Services Limited

Flat No. 3, Anugraha Foundation
No. 15, Valliammal Road
Vepery, Chennai – 600007

Phone: 044-42914135
Email: cs@absmarine.com

ABS Marine Services IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com

ABS Marine Services IPO Lead Manager(s)

1. GYR Capital Advisors Private Limited

ABS Marine Services IPO FAQs

What is ABS Marine Services IPO?

ABS Marine Services IPO is a SME IPO. The issue is priced at ₹140 – ₹147 per equity share. The IPO is to be listed on NSE SME.
When ABS Marine Services IPO will open?

The IPO is to open on 10 May 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors.
How to ABS Marine Services IPO?

You can apply for ABS Marine Services IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the ABS Marine Services IPO through 5 Paisa?

Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “ABS Marine Services”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa.
How to Apply the ABS Marine Services IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “ABS Marine Services”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
What is ABS Marine Services IPO Size?

ABS Marine Services IPO size is ₹96.29 crores.
What is ABS Marine Services IPO Price Band?

ABS Marine Services IPO Price Band is ₹140 – ₹147.
What is ABS Marine Services IPO Minimum and Maximum Lot Size?

The minimum bid is 1000 Shares with ₹1,47,000 amount while the maximum bid is 1000 shares with ₹1,47,000.
What is the ABS Marine Services IPO Allotment Date?

ABS Marine Services IPO allotment date is  16 May 2024.
What is the ABS Marine Services IPO Listing Date?

ABS Marine Services IPO listing date is 21 May 2024. The IPO is to list on NSE SME.
Share Market IPO App
Previous articleAztec Fluids & Machinery Limited IPO (Aztec Fluids & Machinery IPO)
Next articleIndian Emulsifier Limited IPO (Indian Emulsifier IPO)