ABS Marine Services Limited IPO Details, GMP, Allotment, Subscription and Review

ABS Marine Services Limited IPO fresh issue of Rs 96.29 crores for 67,00,000 shares. No OFS ( Offer For Sell) ABS Marine Services IPO is open for subscription on the date May 10, 2024, and closes on May 15, 2024.ABS Marine Services IPO face value is ₹10.

ABS Marine Services Limited IPO’s current GMP (grey market premium) is ₹20. And expected allotment date of ABS Marine Services Ltd IPO is May 16, 2024. ABS Marine Services Ltd IPO will be listed on the exchange NSE SME on the expected date of May 21, 2024. The IPO is an SME IPO.

ABS Marine Services Limited IPO details
ABS Marine Services Ltd

ABS Marine Services Limited IPO Details

ABS Marine Services Ltd IPO NSE SME
Open DateMay 10, 2024.
Close DateMay 16, 2024.
IPO SizeRs 96.29 crores for 67,00,000 shares
Face Value₹10 per share
IPO Price Band₹140 to ₹147 per share
IPO Listing onNSE SME
Lot Size1000 Shares
OFSNill
Retail Quota35% of total share
QBI60% of total share
HNI15% of total share

ABS Marine Services Limited IPO Dates

  • ABS Marine Services IPO opens on May 10, 2024 and closes on May 15, 2024.
  • IPO Allotment: May 16, 2024.
  • Refunds Initiation: May 17, 2024
  • Credit in Demat: May 17, 2024
  • Listing Date: May 21, 2024.

ABS Marine Services Limited IPO Lot Size For Retails, QBIs and HNIs

Minimum 1 lot or [.] shares total application amount [.] and maximum up to [.] lots, application amount is ₹[.] for retailers.

ApplicantsLot Size (Min & Max)ShareAmount
Retail1 Lot (Min)1000₹147,000 Max
S-HNI2 Lots (Min)2000₹294,000 Min
B-HNI2 Lots (Min)2000₹294,000 Min

ABS Marine Services IPOs Promoters holding or Owners Holdings

ABS Marine Services Limited’s promoters (Owner) are P B Narayanan, Shreelatha Narayanan, Arathi Narayanan, and Jeevan Krishnan Sanjeevan.

The pre-issue shareholding stands at 86.00%.

ABS Marine Services IPO GMP (Grey Market Premium) Day by Day

DateGMPIPO PriceEstimate Listing PriceUpdate On
Update SoonUpdate SoonUpdate SoonUpdate SoonUpdate Soon
Update SoonUpdate SoonUpdate SoonUpdate SoonUpdate Soon

ABS Marine Services Ltd IPO Allotment

To check JNK India IPO Allotment Visit the link PURVA SHARE REGISTRY (I) PRIVATE LIMITED select IPO Name enter your Application No or PAN no then click on submit. Now you can see the allotment status.

Know About ABS Marine Services Limited

ABS Marine Services Limited, established in October 1992, manages offshore and harbour vessels. They own five vessels, including two advanced ones for the Oil & Gas sector and three for Indian Ports.

Divided into Ship Owning, Ship Management, Marine Services, and Port Services, they manage 12 vessels for various sectors and provide crew services for 24 ships, spanning oil tankers to passenger vessels.

Their fleet includes state-of-the-art vessels like DP-2 Multipurpose Offshore Supply Vessels and research vessels. With offices in Mumbai, Chennai, Cochin, and a satellite office in Kakinada, they boast a network of over 40 professionals supporting operations.

For Know More Please See JNK India Limited DRHP

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ABS Marine Services Limited Financial Status (Restated)

ParticularsFor the Period / Year ended on (₹ in Lakhs)
31st October, 202331st March, 202331st March, 202231st March, 2021
Liabilities15674.1914407.8912915.0413487.76
Assets15674.1914407.8912915.0413487.76
Revenue5309.599715.946893.357374.06
Expenses3938.728657.515868.047041.35
Total Debt[.][.][.][.]

Key Performance Indicator (KPI) of ABS Marine Services Limited

ParticularsAs of 31 Oct 2023
Profit After Tax (PAT)1,351.06 Lakh
EBITDA (in %)41.50%
PAT Margin (in %)21.16%
RoCE (in %)10.70%
RoE (%)12.62%
EPS5.29 per share
Order Book84502.7 Lakh

ABS Marine Services Limited’s Peer Group Is Shiping Corporation India Limited.

ABS Marine Services Ltd IPO Registrar

PURVA SHARE REGISTRY (I) PRIVATE LIMITED
Telephone: 022 4961 4132/3199 8810
Email: newissue@purvashare.com
Website: https://www.purvashare.com/

ABS Marine Services Ltd IPO Book Running Lead Managers

  • GYR Capital Advisors Private Limited

ABS Marine Services Limited Contact

ABS Marine Services Limited
3, Anugraha Foundation, 15, Valliammal Road, Vepery, Chennai – 600007, Tamil Nadu
Phone: 044- 42914135/155
Email: cs@absmarine.com
Website: www.absmarine.com

ABS Marine Services Limited IPO Review

Experts review coming soon.

ABS Marine Services Limited IPO FAQs

What is the IPO size of ABS Marine Services Limited?

ABS Marine Services Limited is offering Rs [.] crores for 67,00,000 shares in its fresh issue IPO.

When does the ABS Marine Services IPO open and close?

The opening and closing dates for the ABS Marine Services IPO are yet to be announced.

What is the face value of ABS Marine Services Ltd IPO?

The face value of ABS Marine Services IPO is ₹10 per share.

On which exchange will ABS Marine Services Ltd IPO be listed?

ABS Marine Services IPO will be listed on the NSE SME exchange.

Who are the promoters of ABS Marine Services Limited?

The promoters of ABS Marine Services Limited are P B Narayanan, Shreelatha Narayanan, Arathi Narayanan, and Jeevan Krishnan Sanjeevan.

What is the current financial status of ABS Marine Services Limited?

As of October 31, 2023, ABS Marine Services Limited reported a Profit After Tax (PAT) of 1,351.06 Lakh and other key performance indicators like EBITDA, PAT Margin, RoCE, RoE, EPS, and Order Book.

How can I check the allotment status of ABS Marine Services Limited IPO?

To check the allotment status, visit the PURVA SHARE REGISTRY (I) PRIVATE LIMITED website, select the IPO name, and enter your Application Number or PAN number.

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