ABS Marine Services IPO Date, Review, Price, Allotment Details

ABS Marine Services IPO Details: ABS Marine Services IPO date is fixed, The IPO will open on May 10 and will close on May 15. ABS Marine Services is a NSE SME IPO to raise ₹96.29 crores via IPO. The ABS Marine Services IPO price band is fixed at ₹140 to ₹147 with a market lot of 1000 shares.

ABS Marine Services IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum11000₹147,000
Retail Maximum11000₹147,000
S-HNI Minimum22000₹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
YearRevenueExpensePAT
2022₹68.93₹58.687.77
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/

ABS Marine Services IPO FAQs


What is ABS Marine Services IPO?

ABS Marine Services IPO is an NSE SME IPO. They are going to raise ₹96.29 Crores via IPO. The issue is priced at ₹140 to ₹147 per equity share. The IPO is to be listed on NSE.

When ABS Marine Services IPO will open?

The IPO is to open on May 10, 2024 for QIB, NII, and Retail Investors.

What is ABS Marine Services IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the ABS Marine Services IPO?

You can apply ABS Marine Services IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the ABS Marine Services IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Naman In-Store (India)”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the ABS Marine Services IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Naman In-Store (India)”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the ABS Marine Services IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Naman In-Store (India)”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is ABS Marine Services IPO Size?

ABS Marine Services IPO size is ₹96.29 crores.

What is ABS Marine Services IPO Price Band?

ABS Marine Services IPO Price Band is ₹140 to ₹147 per equity share.

What is ABS Marine Services IPO Minimum and Maximum Lot Size?

The IPO bid is 1000 shares with ₹147,000.

What is ABS Marine Services IPO Allotment Date?

ABS Marine Services IPO allotment date is May 16, 2024.

What is ABS Marine Services IPO Listing Date?

ABS Marine Services IPO listing date is May 20, 2024. The IPO to list on NSE SME.

Note: The ABS Marine Services IPO details are not announced officially. The IPO grey market premium (ABS Marine Services IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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