ABS Marine Services was started by their diligent promoter, Capt. P B Narayanan is a person with long experience of more than 4 decades in the Shipping Industry. The company started operations with two offshore vessel management and as of the date of December 31, 2023, they have 5 owned vessels comprising 2 advanced offshore vessels servicing the Oil & Gas sector & 3 Harbour Crafts serving the Indian Ports sector. They have one long-term chartered specialized multipurpose offshore vessel serving the Oil & Gas Sector. In addition, as of December 31, 2023, they are carrying out a total ship management of 12 vessels on behalf of the Government, public sector undertakings, private companies, and port authorities. They provide crew management services to a further 24 ships comprising Oil Tankers, Gas Tankers, Bulk Carriers, Passenger Vessels, and Hisgh Speed Crafts.
Their fully owned, chartered-in, totally managed & crewed fleet includes state-of-the-art DP-2 Multipurpose Offshore Supply Vessels, Anchor Handling Towing Supply Vessel, multi-disciplinary Ocean Research Vessels, Coastal Research Vessels, Fishery Oceanographic Research Vessels, Bulk Carriers, Gas Tankers, Oil Tankers, Passenger Vessels, High-Speed Crafts & Harbour Crafts. They are a fully integrated company with in-house complete vessel management including commercial management.
Objects of the Issue:
- Acquistion of off shore vessel
- Funding the working capital requirements of the Company
- General corporate purposes.
ABS Marine Services IPO Review
- May Apply
ABS Marine Services IPO Date & Price Band Details
| IPO Open: | May 10, 2024 |
| IPO Close: | May 15, 2024 |
| IPO Size: | Approx ₹96.29 Crores, 6,550,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹140 to ₹147 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
ABS Marine Services IPO Market Lot
The ABS Marine Services IPO minimum market lot is 1000 shares with a ₹147,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹147,000 |
| Retail Maximum | 1 | 1000 | ₹147,000 |
| S-HNI Minimum | 2 | 2000 | ₹294,000 |
ABS Marine Services IPO Dates
The ABS Marine Services IPO date is May 10 and the IPO close date is May 15. The IPO allotment date is May 16 and the IPO might list on May 21.
| IPO Open Date: | May 10, 2024 |
| IPO Close Date: | May 15, 2024 |
| Basis of Allotment: | May 16, 2024 |
| Refunds: | May 17, 2024 |
| Credit to Demat Account: | May 17, 2024 |
| IPO Listing Date: | May 21, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
ABS Marine Services IPO Form
How to apply ABS Marine Services IPO? You can apply ABS Marine Services IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the ABS Marine Services IPO in the Invest section. The other option you can apply ABS Marine Services IPO via IPO forms download via the NSE website. Check out the ABS Marine Services forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
ABS Marine Services Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹68.93 | ₹58.68 | ₹7.77 |
| 2023 | ₹97.16 | ₹86.58 | ₹8.00 |
| 2024 | ₹120.52 | ₹97.58 | ₹19.46 |
ABS Marine Services IPO Valuation – FY2023-24
Check ABS Marine Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹13.09 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 20.10% |
| Net Asset Value (NAV): | ₹65.10 per Equity Share |
Peer Group
- Shipping Corporation of India
- Seamec Limited
Company Promoters
- Capt. P B Narayanan
- Shreelatha Narayanan
- Arathi Narayanan
- Capt. Jeevan Krishnan Sanjeevan
ABS Marine Services IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: https://www.purvashare.com/investor-service/ipo-query
ABS Marine Services IPO Allotment Status
Check ABS Marine Services IPO allotment status on Purva Sharegistry website URL. Click Here
ABS Marine Services IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
ABS Marine Services Limited
Flat No. 3, Anugraha Foundation
No. 15, Valliammal Road
Vepery, Chennai – 600007
Phone: 044-42914135
Email: [email protected]
Website: http://www.absmarine.com/
