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ABS Marine Services IPO vs Storage Technologies Racks and Rollers IPO

Comparision between ABS Marine Services IPO and Storage Technologies Racks and Rollers IPO.

IPO Details

ABS Marine Services IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Storage Technologies Racks and Rollers IPO is a SME Book Built Issue proposed to list at BSE SME.

  ABS Marine Services IPO Storage Technologies Racks and Rollers IPO
Logo ABS Marine Services IPO Logo Storage Technologies Racks and Rollers IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME BSE SME
Lead Managers GYR Capital Advisors Private Limited Oneview Corporate Advisors Pvt. Ltd.
Registrar Purva Sharegistry India Pvt Ltd Integrated Registry Management Services Private Limited
Market Maker Giriraj Stock Broking Private Limited Nikunj Stock Brokers Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of ABS Marine Services IPO is up to ₹96.29 Cr whereas the issue size of the Storage Technologies Racks and Rollers IPO is up to ₹29.95 Cr. The final issue price of ABS Marine Services IPO is ₹147.00 per share and of Storage Technologies Racks and Rollers IPO is ₹78.00 per share.

  ABS Marine Services IPO Storage Technologies Racks and Rollers IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹140.00 per share ₹73.00 per share
Issue Price (Upper) ₹147.00 per share ₹78.00 per share
Issue Price (Final) ₹147.00 per share ₹78.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1000 shares 1600 shares
Fresh Issue Size 65,50,000 shares 38,40,000 shares
Fresh Issue Size (Amount) up to ₹96.29 Cr up to ₹29.95 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 65,50,000 shares 38,40,000 shares
Issue Size Total (Amount) up to ₹96.29 Cr up to ₹29.95 Cr

IPO Timetable

ABS Marine Services IPO opens on May 10, 2024, while Storage Technologies Racks and Rollers IPO opens on Apr 30, 2024. The closing date of ABS Marine Services IPO and Storage Technologies Racks and Rollers IPO is May 15, 2024, and May 03, 2024, respectively.

  ABS Marine Services IPO Storage Technologies Racks and Rollers IPO
Anchor Bid Date May 09, 2024 Apr 29, 2024
Issue Open May 10, 2024 Apr 30, 2024
Issue Close May 15, 2024 May 03, 2024
Basis Of Allotment (Tentative) May 16, 2024 May 06, 2024
Initiation of Refunds (Tentative) May 17, 2024 May 07, 2024
Credit of Share (Tentative) May 17, 2024 May 07, 2024
Listing date (Tentative) May 21, 2024 May 08, 2024
Anchor Lockin End date 1 Jun 15, 2024 Jun 05, 2024
Anchor Lockin End date 2 Aug 14, 2024 Aug 04, 2024

Financials

ABS Marine Services IPO P/E ratio is 11.23, as compared to Storage Technologies Racks and Rollers IPO P/E ratio of 48.45.

  ABS Marine Services IPO Storage Technologies Racks and Rollers IPO
Financial

ABS Marine Services Limited Financial Information (Restated Consolidated)

ABS Marine Services Limited's revenue increased by 21.27% and profit after tax (PAT) rose by 147.22% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets18,480.9917,552.5016,663.28
Revenue13,801.8911,380.788,283.98
Profit After Tax2,355.41952.74809.43
Net Worth11,717.399,352.428,370.01
Reserves and Surplus9,917.399,351.428,369.01
Total Borrowing4,567.964,866.296,114.77
Amount in ₹ Lakhs

Storage Technologies & Automation Ltd Financial Information (Restated Consolidated)

Storage Technologies & Automation Ltd's revenue increased by 16.42% and profit after tax (PAT) rose by 335.72% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,375.774,004.013,567.703,113.04
Revenue5,317.098,137.126,989.724,852.38
Profit After Tax358.9148.30-20.49118.42
Net Worth953.52594.61546.31566.81
Reserves and Surplus653.52294.61246.31466.81
Total Borrowing1,632.53931.63871.10347.48
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 86.50% 100.00%
Promoter Shareholding (Post-Issue) 63.42% 70.09%
P/E Ratio 11.23 48.45
Market Cap ₹360.88 Cr.
ROE 46.37%%
ROCE 18.67%% 22.52%%
Debt/Equity 0.39
EPS ₹13.09 ₹11.96
RoNW 20.10%% 37.64%%

Shares Offered

In the ABS Marine Services IPO retail investors (RII) are offered 21,49,000 shares while in Storage Technologies Racks and Rollers IPO retail investors are offered 21,49,000 shares. Qualified institutional buyers (QIB) are offered 12,28,000 shares in ABS Marine Services IPO and 7,28,000 shares in Storage Technologies Racks and Rollers IPO.

  ABS Marine Services IPO Storage Technologies Racks and Rollers IPO
Anchor Investor Reserveration 18,41,000 shares 10,89,600 shares
Market Maker Reserveration 4,10,000 shares 2,00,000 shares
QIB 12,28,000 shares 7,28,000 shares
NII 9,22,000 shares 5,47,200 shares
RII 21,49,000 shares 12,75,200 shares
Employee 0 shares 0 shares
Others
Total 42,99,000 shares 25,50,400 shares

Bids Received (Subscription)

ABS Marine Services IPO subscribed 144.44x in total, whereas Storage Technologies Racks and Rollers IPO subscribed 278.82x.

  ABS Marine Services IPO Storage Technologies Racks and Rollers IPO
QIB (times) 109.30x 117.86x
NII (times) 270.94x 577.02x
Big NII (times)
Small NII (times)
RII (times) 110.24x 242.74x
Employee (times)
Other (times)
Total (times) 144.44x 278.82x

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