ABS Marine Services IPO description – ABS Marine Services commenced its operations with two offshore vessels under management. As of 31 December 2023, the company’s fleet has expanded to include five owned vessels, consisting of two cutting-edge offshore vessels dedicated to the Oil & Gas sector and three Harbour Crafts serving the Indian Ports sector. Additionally, the company has one specialized multipurpose offshore vessel under long-term charter, catering to the needs of the Oil & Gas sector.
ABS Marine Services operates a wide-ranging fleet of vessels that include entirely owned, chartered, and fully managed and crewed ships. This fleet features advanced DP-2 Multipurpose Offshore Supply Vessels, Anchor Handling Towing Supply Vessels, Ocean Research Vessels, Coastal Research Vessels, Fishery Oceanographic Research Vessels, Bulk Carriers, Gas and Oil Tankers, Passenger Vessels, High-Speed Crafts, and Harbour Crafts.
As of 31 December 2023, ABS Marine Services is engaged in the total ship management of 12 vessels on behalf of government agencies, public sector undertakings, private companies, and port authorities. Additionally, the company provides crew management services for an additional 24 ships, including Oil Tankers, Gas Tankers, Bulk Carriers, Passenger Vessels, and High-Speed Crafts.
The company’s operations are supported by offices in the two major cities of India, namely Mumbai and Chennai, a branch office in Cochin, and a Satellite Office in Kakinada. As of 31 December 2023, ABS Marine Services was further supported by a network of more than 40 in-house professionals.
Promoters of ABS Marine Services – Capt. P B Narayanan, Ms. Shreelatha Narayanan, Ms. Arathi Narayanan, and Capt. Jeevan Krishnan Sanjeevan
Table of Contents
ABS Marine Services IPO Details
| ABS Marine Services IPO Dates | 10 – 15 May 2024 |
| ABS Marine Services Issue Price | INR 140 – 147 per share |
| Fresh issue | 6,550,000 shares (INR 91.70 – 96.29 crore) |
| Offer For Sale | NIL |
| Total IPO size | 6,550,000 shares (INR 91.70 – 96.29 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 147,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
ABS Marine Services Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 71.63 | 111.58 | 135.16 |
| Expenses | 72.63 | 101.53 | 111.70 |
| Net income | 8.09 | 9.53 | 23.55 |
ABS Marine Services Offer News
- ABS Marine Services RHP
- ABS Marine Services Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
ABS Marine Services Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 4.50 | 5.29 | 13.09 |
| PE ratio | – | – | 10.70 – 11.23 |
| RONW (%) | 9.67 | 10.19 | 20.10 |
| NAV | 46.50 | 51.96 | 65.10 |
| ROCE (%) | 9.80 | 11.66 | 18.67 |
| EBITDA (%) | 43.24 | 27.16 | 33.05 |
| Debt/Equity | 0.73 | 0.52 | 0.39 |
ABS Marine Services IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 20 May 2024 | 98 | – | 75,000 |
| 18 May 2024 | 98 | – | 75,000 |
| 17 May 2024 | 98 | – | 75,000 |
| 16 May 2024 | 98 | – | 75,000 |
| 15 May 2024 | 98 | – | 77,500 |
| 14 May 2024 | 90 | – | 73,000 |
| 13 May 2024 | 92 | – | 78,000 |
| 11 May 2024 | 85 | – | 68,000 |
| 10 May 2024 | 75 | – | 62,500 |
| 9 May 2024 | 47 | – | 50,000 |
| 8 May 2024 | 25 | – | 28,000 |
| 7 May 2024 | 10 | – | 10,000 |
ABS Marine Services IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 12,28,000 | 9,22,000 | 21,49,000 | 42,99,000 |
| 15 May 2024 | 109.30 | 271.18 | 107.44 | 143.09 |
| 14 May 2024 | 4.82 | 18.79 | 25.59 | 18.20 |
| 13 May 2024 | 1.28 | 7.19 | 9.64 | 6.73 |
| 10 May 2024 | 1.27 | 1.65 | 2.00 | 1.72 |
The market maker reservation portion of 4,10,000 shares is not included in the above calculations.
ABS Marine Services IPO Allotment Status
ABS Marine Services IPO allotment status is now available on Purva Sharegistry’s website. Click on this link to get allotment status.
ABS Marine Services IPO Dates & Listing Performance
| ABS Marine Services IPO Opening Date | 10 May 2024 |
| ABS Marine Services IPO Closing Date | 15 May 2024 |
| Finalization of Basis of Allotment | 16 May 2024 |
| Initiation of refunds | 16 May 2024 |
| Transfer of shares to demat accounts | 17 May 2024 |
| ABS Marine Services IPO Listing Date | 21 May 2024 |
| Opening Price on NSE SME | INR 294 per share (up 100%) |
| Closing Price on NSE SME | INR 279.30 per share (up 90%) |
ABS Marine Services Offer Lead Manager
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648
Email:Â [email protected]
Website:Â www.gyrcapitaladvisors.com
ABS Marine Services Offer Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone:Â 022 4961 4132/3199 8810
Email:Â [email protected]
Website: www.purvashare.com
ABS Marine Services IPO Contact Details
ABS MARINE SERVICES LIMITED
Flat No. 3, Anugraha Foundation, No. 15,
Valliammal Road, Vepery, Chennai – 600007, Tamil Nadu
Phone: +044- 42914135/155
E-mail: [email protected]
Website: www.absmarine.com
IPO FAQs
What is the ABS Marine Services offer size?
ABS Marine Services offer size is INR 91.70 – 96.29 crores.
What is the ABS Marine Services offer price band?
ABS Marine Services public offer price is INR 140 – 147 per share.
What is the lot size of the ABS Marine Services IPO?
ABS Marine Services offer lot size is 1,000 shares.
What is ABS Marine Services IPO GMP today?
ABS Marine Services IPO GMP today is INR 98 per share.
What is the ABS Marine Services kostak rate today?
ABS Marine Services kostak rate today is INR NA per application.
What is ABS Marine Services Subject to the Sauda rate today?
ABS Marine Services is Subject to the Sauda rate today is INR 75,000 per application.
