ABS Marine Services Limited IPO
ABS Marine Services Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹140–₹147 per share. The stock debuted at ₹294, delivering a listing gain of 100.0%. The IPO had a lot size of ₹1000 shares and a minimum investment of ₹1,47,000.
ABS Marine Services Limited IPO
- IPO Dates
- May 10, 2024 – May 15, 2024
- Price band
- ₹140-147 per equity share
- Minimum Investment
- ₹1,47,000
- Issue size
- ₹96.29 Cr
- Lot size
- 1000
- Allotment Date
- May 16, 2024
- Listing
- May 21, 2024
- Listing At
- NSE SME
IPO timeline
-
May 10, 2024
Open Date
Completed
-
May 15, 2024
Close Date
Completed
-
May 16, 2024
Allotment Date
Completed
-
May 21, 2024
Listing Date
Completed
ABS Marine Services Limited IPO Essentials
ABS Marine Services Limited IPO Details
ABS Marine Services Limited IPO is priced at ₹140-147 per share with a total issue size of 96.29 crore. The IPO has a lot size of 1000 shares and is listed on NSE SME.
- Issue price
- ₹140-147 per equity share
- Lot size
- 1000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 6,550,000 shares(aggregating up to ₹96.29 Cr)
- Total issue size
- 65,50,000 shares
(aggregating up to ₹96.29 crore) - Fresh issue
- 65,50,000 shares
(aggregating up to ₹96.29 crore) - Listing at
- NSE SME
- List price
- 294.0
- Listing date
- Registrar
- Purva Sharegistry India Pvt Ltd
- Lead manager
-
GYR Capital Advisors Private Limited
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1000 | ₹1,47,000 |
| Retail(max) | 1 | 1000 | ₹1,47,000 |
| NII (min) | 2 | 2,000 | ₹2,94,000 |
ABS Marine Services Limited IPO Reservation
ABS Marine Services Limited IPO reservation details show category-wise allocation of shares. Out of the total 6,550,000 shares, approximately 18.75% are reserved for QIB, 14.08% for NII, 32.81% for retail investors, 6.26% for market maker, and 28.11% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,841,000 (28.11%) | |
| Market Maker Shares Offered | 410,000 (6.26%) | |
| QIB Shares Offered | 1,228,000 (18.75%) | |
| NII (HNI) Shares Offered | 922,000 (14.08%) | |
| Retail Shares Offered | 2,149,000 (32.81%) | |
| Total Shares Offered | 6,550,000 (100%) |
ABS Marine Services Limited IPO Analytics
ABS Marine Services Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
ABS Marine Services Limited IPO Subscription Status
ABS Marine Services Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,228,000 / 922,000 | 2,149,000 | 4,299,000 |
|
Day 1
10-05-24 06:00 PM
|
(1.27 / 1.69) x | 2.28 x | 1.86 x |
|
Day 2
13-05-24 06:00 PM
|
(1.28 / 6.80) x | 9.87 x | 6.76 x |
|
Day 3
14-05-24 06:00 PM
|
(4.82 / 18.38) x | 26.05 x | 18.34 x |
|
Day 4
15-05-24 06:00 PM
|
(109.30 / 271.18) x | 107.44 x | 143.09 x |
ABS Marine Services Limited Valuations
Earnings
- EPS Pre IPO
- ₹5.68/-
- EPS Post IPO
- ₹9.79/-
- P/E Pre IPO
- 25.9
- P/E Post IPO
- 15.02
Returns
- ROCE
- 18.67%
- RoNW
- 20.10%
Fundamentals
- Debt / Equity
- 0.39
- Price / Book
- 2.26
ABS Marine Services Limited Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 18,480.99 | 17,552.50 | 16,663.28 |
| Revenue | 13,801.89 | 11,380.78 | 8,283.98 |
| Profit After Tax | 2,355.41 | 952.74 | 809.43 |
| Net Worth | 11,717.39 | 9,352.42 | 8,370.01 |
| Reserves & Surplus | 9,917.39 | 9,351.42 | 8,369.01 |
| Total Borrowing | 4,567.96 | 4,866.29 | 6,114.77 |
ABS Marine Services Limited Company & Offer Insights
About ABS Marine Services Limited
ABS Marine Services Limited was established in October 1992. It undertakes offshore vessel management and has five vessels in its possession as of December 31, 2023. They are comprised of two state-of-the-art offshore vessels for the oil and gas sector and three harbour vessels for the Indian port sector.
There are four sections in this group: Ship Ownership, Ship Management, Marine Services, and Port Services.
The company currently manages a total of 12 vessels for the government, public companies, private companies, and port authorities as of December 31, 2023. It also provides crew management services for 24 other vessels, including oil tankers, gas carriers, bulk carriers, passenger ships, and high-speed vessels.
The company has a fully chartered, managed and manned fleet of vessels. These include state-of-the-art DP-2 multipurpose offshore supply vessels, anchor handling supply vessels, multidisciplinary marine research vessels, coastal research vessels, oceanographic fisheries research vessels, bulk carriers, gas tankers, oil tankers, passenger vessels, high speed craft and harbour vessels.
The company has offices in the two largest cities in India, namely Mumbai and Chennai, and also a branch office in Cochin and a satellite office in Kakinada. Furthermore, as of December 31, 2023, the company has over 40 in-house professionals in its network that support it in its work.
ABS Marine Services Limited Promoter(s)
Capt. P B Narayanan, Shreelatha Narayanan, Arathi Narayanan, Capt. Jeevan Krishnan Sanjeevan are the company's promoters of ABS Marine Services Limited.
ABS Marine Services Limited IPO Issue Objectives
- •
- Acquistion of off shore vessel
- •
- Funding the working capital requirements of the Company
- •
- General corporate purposes.
ABS Marine Services Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| ABS Marine Services Limited | 5.29 | 5.29 | N/A | N/A | 10.19 | N/A | Consolidated |
| Shipping Corporation Of India Ltd. | 18.68 | 18.68 | N/A | 12.51 | 13.52 | N/A | Consolidated |
| Seamec Ltd. | 13.2 | 13.2 | N/A | 87.81 | 4.45 | N/A | Consolidated |
Contact Information
Contact Details
ABS Marine Services Limited
044-42914135
Flat No. 3, Anugraha Foundation, No. 15, Valliammal Road, Vepery, Chennai – 600007
Registrar Contact Details
Purva Sharegistry India Pvt Ltd
+91-022-23018261/ 23016761
Frequently Asked Questions
Click any question to reveal the answer
ABS Marine Services Limited IPO is a book-built IPO worth ₹96.29 crore. The price band is ₹140–₹147 per share. The IPO opens on May 10, 2024 and closes on May 15, 2024. It will be listed on NSE SME Platform. Purva Sharegistry India Pvt Ltd is the registrar.
The price band of ABS Marine Services Limited IPO is ₹140 to ₹147 per share.
The lot size of ABS Marine Services Limited IPO is 1000 shares.
The minimum investment for ABS Marine Services Limited IPO is approximately ₹1,47,000 based on the upper price band .
ABS Marine Services Limited IPO opens on May 10, 2024 and closes on May 15, 2024.
The allotment date of ABS Marine Services Limited IPO is May 16, 2024.
ABS Marine Services Limited IPO is expected to be listed on May 21, 2024, on NSE SME Platform.
ABS Marine Services Limited IPO valuation snapshot: P/E 15.02, EPS ₹9.79/-, P/B 2.26, RoNW 20.10%, and market cap N/A.
To apply for ABS Marine Services Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of ABS Marine Services Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for ABS Marine Services Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check ABS Marine Services Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the ABS Marine Services Limited IPO allotment status on IPO Ji for quick and easy access.