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ABS Marine Services IPO is a book built issue of 67 lakh shares. The issue is entirely a fresh issue of 67 lakh shares.
ABS Marine Services IPO dates are yet to be announced.
ABS Marine Services IPO price bands are yet to be announced.
GYR Capital Advisors Private Limited is the book running lead manager of the ABS Marine Services IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.
Refer to ABS Marine Services IPO DRHP for detailed information.
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 6,700,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 6,700,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,000,000 |
| Share holding post issue | 24,700,000 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Founded in October 1992, ABS Marine Services Limited manages offshore vessels and owns five vessels as of December 31, 2023. These include two advanced offshore vessels that service the Oil & Gas sector and three Harbour Crafts that serve the Indian Ports sector.
The company is divided into four divisions: Ship Owning, Ship Management, Marine Services, and Port Services.
The company is currently managing a total of 12 vessels for the government, public sector undertakings, private companies, and port authorities as of December 31, 2023. They also provide crew management services for 24 other ships, including oil tankers, gas tankers, bulk carriers, passenger vessels, and high-speed crafts.
The company owns a fleet of vessels that are fully chartered, managed, and crewed. These vessels are equipped with state-of-the-art DP-2 Multipurpose offshore Supply Vessels, Anchor Handling Towing Supply Vessel, multi-disciplinary Ocean Research Vessels, Coastal Research Vessels, Fishery Oceanographic Research Vessel, Bulk Carriers, Gas Tankers, Oil Tankers, Passenger Vessels, High Speed Crafts, and Harbour Crafts.
The company has offices in Mumbai and Chennai, the two major cities of India, as well as a branch office in Cochin and a satellite office in Kakinada. Additionally, as of December 31, 2023, they have a network of over 40 in-house professionals to support their operations.
ABS Marine Services Limited's revenue increased by 37.38% and profit after tax (PAT) rose by 21.25% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 17,817.03 | 17,552.47 | 16,663.22 | 18,220.45 |
| Revenue | 6,385.48 | 11,380.78 | 8,283.98 | 9,195.45 |
| Profit After Tax | 1,401.40 | 1,021.71 | 842.66 | 207.67 |
| Net Worth | 10,701.67 | 9,352.39 | 8,369.95 | 7,548.04 |
| Total Borrowing | 4,343.02 | 4,866.29 | 6,114.77 | 8,562.05 |
| Amount in ₹ Lakhs | ||||
| KPI | Values |
|---|---|
| ROE | 12.62% |
| ROCE | 10.70% |
| Debt/Equity | 0.41 |
| RoNW | 12.62% |
| PAT Margin (%) | 21.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.51 |
The Company proposes to utilise the Net Proceeds towards funding the following objects
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/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
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ABS Marine Services IPO is a SME IPO of 6,700,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per share. The minimum order quantity is .
The ABS Marine Services IPO open and close dates are not available as of now.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in ABS Marine Services IPO using UPI as a payment gateway. Zerodha customers can apply in ABS Marine Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ABS Marine Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ABS Marine Services IPO dates are not announced. Please check back again after some time.
ABS Marine Services IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in ABS Marine Services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for ABS Marine Services IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the ABS Marine Services IPO allotment status.
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