The ABS Marine Services date has been confirmed from May 10, 2024 and closes on May 15, 2024. Read the post to learn about ABS Marine Services IPO GMP.
ABS Marine Services IPO is a book built issue of Rs 96.29 crores. The price band is set at ₹140 to ₹147 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹147,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹294,000.
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Key Details Of ABS Marine Services IPO
Bidding Dates
May 10-15
Price Range
₹140 to ₹147 per share
Face Value
₹10 per share
GMP
₹115
ABS Marine Services IPO GMP
The ABS Marine Services IPO GMP is ₹115.
IPO Overview
ABS Marine Services IPO is a book-built issuance for Rs 96.29 crore. The offering is wholly new, consisting of 65.5 lakh shares. ABS Marine Services’ initial public offering (IPO) begins subscriptions on May 10, 2024 and ends on May 15, 2024. The allotment for the ABS Marine Services IPO is expected to be completed on Thursday, May 16, 2024. ABS Marine Services IPO will be listed on NSE SME, with a tentative listing date of Monday, May 20, 2024.
ABS Marine Services’ IPO pricing range is set at ₹140 to ₹147 per share. The minimum lot size for an application is 1000 shares. The minimum investment for retail investors is ₹147,000. The minimum investment for HNI is 2 lots (2,000 shares) worth ₹294,000.
ABS Marine Services IPO Details
| IPO Date | May 10, 2024 to May 15, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹147 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 6,550,000 shares (aggregating up to ₹96.29 Cr) |
| Fresh Issue | 6,550,000 shares (aggregating up to ₹96.29 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,000,000 |
| Share holding post issue | 24,550,000 |
| Market Maker portion | 410,000 shares |
ABS Marine Services Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 18,480.99 | 17,552.50 | 16,663.28 |
| Revenue | 13,801.89 | 11,380.78 | 8,283.98 |
| Profit After Tax | 2,355.41 | 952.74 | 809.43 |
| Net Worth | 11,717.39 | 9,352.42 | 8,370.01 |
| Reserves and Surplus | 9,917.39 | 9,351.42 | 8,369.01 |
| Total Borrowing | 4,567.96 | 4,866.29 | 6,114.77 |
| Amount in ₹ Lakhs | |||
ABS Marine Services IPO Timeline
| IPO Open Date | Friday, May 10, 2024 |
| IPO Close Date | Wednesday, May 15, 2024 |
| Basis of Allotment | Thursday, May 16, 2024 |
| Initiation of Refunds | Friday, May 17, 2024 |
| Credit of Shares to Demat | Friday, May 17, 2024 |
| Listing Date | Monday, May 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 15, 2024 |
Company Profile
ABS Marine Services Limited, established in October 1992, maintains offshore boats and owns five as of December 31, 2023. These comprise two contemporary offshore vessels for the oil and gas industry, as well as three harbour vessels for India’s ports. The company is organised into four divisions: ship ownership, ship management, marine services, and port services. The corporation now manages 12 vessels for the government, public companies, private businesses, and port authorities (as of December 31, 2023). It also manages crews for
24 other vessels, which include oil tankers, gas carriers, bulk carriers, passenger ships, and high-speed vessels. The company has a fleet of vessels that are completely chartered, managed, and manned. These vessels are outfitted with cutting-edge 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 ships, high-speed craft and harbour vessels.
The company operates offices in Mumbai and Chennai, India’s two major cities, as well as a branch office in Cochin and a satellite office in Kakinada. Furthermore, as of December 31, 2023, the organisation has a network of over 40 in-house professionals to assist it in its operations.
Registrar Info
| Name | Purva Sharegistry India Pvt Ltd |
| Phone number | +91-022-23018261/ 23016761 |
| Email ID | [email protected] |
| Website | purvashare.com |
Contact Details
| Name | ABS Marine Services Limited |
| Phone number | 044-42914135 |
| Email ID | [email protected] |
| Website | ABSmarine.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
ABS Marine Services IPO FAQs
When ABS Marine Services IPO will open?
The ABS Marine Services IPO opens on May 10, 2024 and closes on May 15, 2024.
What is the lot size of ABS Marine Services IPO?
ABS Marine Services IPO lot size is 1000 Shares, and the minimum amount required is ₹147,000.
When is ABS Marine Services IPO allotment?
The finalization of Basis of Allotment for ABS Marine Services IPO will be done on Thursday, May 16, 2024, and the allotted shares will be credited to your demat account by Friday, May 17, 2024.
When is ABS Marine Services IPO listing date?
The ABS Marine Services IPO listing date is not yet announced. The tentative date of ABS Marine Services IPO listing is Monday, May 20, 2024.
