ABS Marine Services Ltd

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Offer Period :

10th to 5th May 2024

ABS Marine Services Limited, established in October 1992, manages offshore and harbor vessels. With offices in Mumbai, Chennai, Cochin, and a satellite office in Kakinada, Read more... it operates 12 vessels and provides crew management for 24 others, offering comprehensive marine and port services.Read less

ABS Marine Services Ltd IPO Details

IPO Date 10th to 5th May 2024 Minimum Investment ₹147000 / 1 Lots
Listing Date 2024-05-21 Maximum Investment ₹147000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹96.29 Crores
Price ₹147 to ₹147 per share Fresh Issue ₹96.29 Crores
Lot Size 1 Lots (1000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 10th to 5th May 2024
Listing Date 2024-05-21
Face Value ₹10 per share
Price ₹147 to ₹147 per share
Lot Size 1 Lots (1000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹147000 / 1 Lots
Maximum Investment ₹147000 / 1 Lots
Total Issue Size ₹96.29 Crores
Fresh Issue ₹96.29 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

10th May

IPO Starts

15th May

IPO Ends

16th May

Allotment Date

16th May

Initiation of Refund

17th May

Credit of Shares to Demat Account

21st May

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 86 0
Public Group 14 100

ABS Marine Services Ltd IPO Reservation

QIB Shares Offered 1228000(18.75%)
NII (HNI) Shares Offered 922000(14.08%)
Retail Shares Offered 2149000(32.81%)
Anchor Investor Shares Offered 1841000(28.11%)
Total Shares Offered 6550000
Total Shares With Anchor Investor 6550000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

ABS Marine Services Ltd IPO Registrar

Purva Sharegistry (I) Pvt Ltd
Phone Number 022 4961 4132/3199 8810
Email Id newissue@purvashare.com
Our Website www.purvashare.com

ABS Marine Services Ltd IPO Lead Manager

1. GYR Capital Advisors Pvt Ltd

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ABS Marine Services Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of ABS Marine Services Ltd

1. Scaled platform with strong track record of growth and market leadership.

2. Diversified fleet.

3. Well positioned to grow its fleet size to take advantage of India's growth.

4. Experienced management team, backed by a strong board and marquee shareholders, along with strong culture of compliance.

5. Deeply entrenched, long-standing client relationships with a diversified and expanding client base.

Risks Involved

1. Its business is dependent on a few of the company's clients who contribute to majority of its revenues from operations. Any loss of business from them may adversely affect its revenues and profitability.

2. Revenue from a vessel is directly proportional to the type of the vessel. Under-utilisation of its largest vessels could affect its cash flows, revenues and results of operations

3. If the company is unable to collect its dues and receivables from the company's customers, its results of operations and cash flows could be materially and adversely affected.

4. Its operating costs may increase as the company vessels age and its may have to make unexpected capital expenditures in order to maintain its fleet or comply with the evolving regulatory requirements.

5. Limited availability of vessels for purchase in the secondary market at the right time and increase in purchase prices of vessels in the secondary market may affect its financial condition. Its inability to sell vessels at an appropriate time may also adversely affect its results of operations and financial condition.

6. Defects in vessels acquired in the secondary market may not be apparent prior to purchase.

7. Failure to implement its growth strategy to provide services.

8. The COVID-19 pandemic has affected and may continue to materially affect its financial performance in future periods and it may otherwise have material adverse effects on the company's business, results of operations, financial condition, and/ or its cash flows.

9. An increase in fuel prices or other operating costs would have an adverse impact on its profit margins.

10. The failure of its counterparties to meet their obligations to the company under any charter agreements or its failure to account for exceptional circumstances could cause the company to suffer losses or otherwise adversely affect its business.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 184.81 175.52 166.63
Total Liabilities 184.81 175.52 166.63
Total Expenses 111.7 101.53 72.51
Total Revenue 
138.02 113.81 82.84
Profit After Tax 23.55 9.53 8.14
EBITDA 44.67 30.3 30.97
Adjusted EBITDA 0 0 0

ABS Marine Services Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-05-21 33676 ABSMARINE
INE0QRV01016
₹147 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹147 ₹147
Open ₹0 ₹294
Low ₹0 ₹279.3
High ₹0 ₹304
Low ₹0 ₹279.3

Frequently Asked Questions

What is ABS Marine Services Ltd IPO?

Answer Field

ABS Marine Services Ltd IPO is a SME IPO of 65,50,000 equity shares of a face value of ₹10 aggregating up to ₹96.29 Crores. The issue is priced at ₹147 to ₹147 per share. The minimum order quantity is 1000 Shares. The IPO opens on May 10, 2024, and closes on May 15, 2024. Purva Sharegistry (I) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When ABS Marine Services Ltd IPO will open?

Answer Field

The ABS Marine Services Ltd IPO opens on May 10, 2024 and closes on May 15, 2024.

What is the lot size of ABS Marine Services Ltd?

Answer Field

ABS Marine Services Ltd lot size is 1000 shares, and the minimum amount required is ₹1,47,000.

How to apply for ABS Marine Services Ltd IPO?

Answer Field

You can apply in ABS Marine Services Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is ABS Marine Services Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for ABS Marine Services Ltd IPO will be done on May 16, 2024, and the allotted shares will be credited to your demat account by May 17, 2024.

When is ABS Marine Services Ltd IPO listing date?

Answer Field

The ABS Marine Services Ltd listing date is May 21, 2024.

Who is the registrar of ABS Marine Services Ltd IPO?

Answer Field

The registrar of ABS Marine Services Ltd IPO is Purva Sharegistry (I) Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

GYR Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of ABS Marine Services Ltd IPO?

Answer Field

The fresh issue size is ₹96.29 Crores equity shares.

What minimum lot size can retail subscribers subscribe to ABS Marine Services Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1000 shares and ₹1,47,000 amount.

How can I approve the UPI mandate request for ABS Marine Services Ltd IPO?

Answer Field

To apply for ABS Marine Services Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of ABS Marine Services Ltd?

Answer Field

The price of each ABS Marine Services Ltd share will be ranging in between ₹147 to ₹147 per share.

What is the cut-off time for the UPI mandate for ABS Marine Services Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, May 15, 2024.

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