ABS Marine Services IPO GMP, Review, Price, Allotment

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Last updated on May 21, 2024

ABS Marine Services IPO GMP

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.

ABS Marine Services

Promoters of ABS Marine Services – Capt. P B Narayanan, Ms. Shreelatha Narayanan, Ms. Arathi Narayanan, and Capt. Jeevan Krishnan Sanjeevan


ABS Marine Services IPO Details

ABS Marine Services IPO Dates10 – 15 May 2024
ABS Marine Services Issue PriceINR 140 – 147 per share
Fresh issue6,550,000 shares (INR 91.70 – 96.29 crore)
Offer For SaleNIL
Total IPO size6,550,000 shares (INR 91.70 – 96.29 crore)
Minimum bid (lot size)1,000 shares (INR 147,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE EMERGE

ABS Marine Services Financial Performance

 FY 2022FY 2023FY 2024
Revenue71.63111.58135.16
Expenses72.63101.53111.70
Net income8.099.5323.55
Figures in INR Crores unless specified otherwise

ABS Marine Services Offer News


ABS Marine Services Valuations & Margins

FY 2022FY 2023FY 2024
EPS4.505.2913.09
PE ratio10.70 – 11.23
RONW (%)9.6710.1920.10
NAV46.5051.9665.10
ROCE (%)9.8011.6618.67
EBITDA (%)43.2427.1633.05
Debt/Equity 0.730.520.39
*Compiled by IPO Central from Prospectus

ABS Marine Services IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
20 May 20249875,000
18 May 20249875,000
17 May 20249875,000
16 May 20249875,000
15 May 20249877,500
14 May 20249073,000
13 May 20249278,000
11 May 20248568,000
10 May 20247562,500
9 May 20244750,000
8 May 20242528,000
7 May 20241010,000

ABS Marine Services IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered12,28,0009,22,00021,49,00042,99,000
15 May 2024109.30271.18107.44143.09
14 May 20244.8218.7925.5918.20
13 May 20241.287.199.646.73
10 May 20241.271.652.001.72

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 Date10 May 2024
ABS Marine Services IPO Closing Date15 May 2024
Finalization of Basis of Allotment16 May 2024
Initiation of refunds16 May 2024
Transfer of shares to demat accounts17 May 2024
ABS Marine Services IPO Listing Date21 May 2024
Opening Price on NSE SMEINR 294 per share (up 100%)
Closing Price on NSE SMEINR 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[email protected]
Website: 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: 022 4961 4132/3199 8810
Email: [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.

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