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ABS Marine Services SME IPO Details 2024

SME IPO Status: Listed [10th May 2024 to 15th May 2024]

Rated 3/5 by Team InvestorGain
ABS Marine Services SME IPO Detail

ABS Marine Services IPO, a SME IPO of ₹96.29 Cr was launced on 10-05-2024 to 15-05-2024 and the shares got listed on NSE SME on 21-05-2024.

The public issue of ABS Marine Services IPO (ABSMARINE) was offered at ₹147.00 per share and the ipo was listed at ₹294.00. It has delivered listing gain of 100.00%.

As the minimum lot size was 1000 shares, the IPO has offered Rs 147000.00 per lot return on listing.

ABS Marine Services SME IPO Details

SME IPO Issue Opening Date: 10th May 2024
SME IPO Issue Closing Date: 15th May 2024
SME IPO Issue Price: ₹140.00-147.00 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: NSE SME
Retail Quota: Not less than 35% of the Net Issue
SME IPO Issue Type: Book Build Issue
SME IPO Issue Size: ₹96.29 Cr
Fresh Issue: ₹96.29 Cr
Face Value: ₹10 Per Equity Share
SME IPO Discount: TBD
Promoter Holding Pre IPO: 86.50%
Promoter Holding Post IPO: 63.42%
Allotment Status: Allotment Status
NSE Code: ABSMARINE

ABS Marine Services SME IPO Important Dates

Get important updates regarding ABS Marine Services SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

ABS Marine Services SME IPO dates
SME IPO Activity Date
Basis of Allotment Date* 16th May 2024
Refunds Initiation* 17th May 2024
Credit of Shares to Demat* 17th May 2024
SME IPO Listing Date* 21st May 2024

* - Tentative Dates

ABS Marine Services SME IPO Lots

SME IPO Activity Date
Issue Price ₹140.00-147.00
Market Lot: 1000 Shares
1 Lot Amount: ₹147000
Min HNI Lots: 2000 shares (2 lots)

ABS Marine Services IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
21-05-2024147.0011587400₹262 (78.23%)21-May-2024 10:31
IPO Live GMP

**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - ABS Marine Services

ABS Marine Services Limited was founded in October 1992. The company started its operations with the management of two offshore vessels and as of December 31, 2023 has five owned vessels including two modern offshore vessels for the oil and gas sector and three Harbtheir Crafts for the Indian port sector and one long-term chartered multipurpose offshore vessel for the oil and gas sector. In addition, the company will provide full ship management services for 12 vessels on behalf of the government, public companies, private companies and port authorities until December 31, 2023. The company provides crew management services for a further 24 ships, including oil tankers, gas tankers, bulk carriers, passenger ships and high-speed vessels.

The owned, chartered, fully managed and manned fleet includes 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 carriers, oil tankers, passenger vessels, high-speed vessels and ocean-going vessels.

The company's business activities are directly influenced by the general economic situation and international shipping traffic, particularly in the energy sector.

The existing business is divided into the following areas:

  1. Ship ownership
  2. Ship management
  3. Shipping services
  4. Port services

ABS Marine Services SME IPO Strengths

  • Established brand name and reputation.
  • Diversified fleet.
  • Experienced management team.
  • Proven ability to acquire vessels at optimal price and deploy vessels.
  • Quality in-house management of operations and cost competitive vessel management.
  • Well-positioned to grow our fleet size to take advantage of india’s growth.
Incorporation Sector IPO Issue Size Website
1992 Shipping ₹96.29 Cr http://www.absmarine.com/

ABS Marine Services SME IPO Objective

The Company proposes to utilise the Net Proceeds towards funding the following objects 

  • Acquistion of off shore vessel
  • Funding the working capital requirements of the Company; and
  • General corporate purposes.

Our experts can help you prepare for SME IPO

ABS Marine Services SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 1,228,000 Shares
  • Non-Institutional Investors: 922,000 Shares
  • Retail Individual Investor: 2,149,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered1,228,000 (28.56%)922,000 (21.45%)2,149,000 (49.99%)4,299,000
110th May 2024 19:311.27x1.69x2.28x1.86x
213th May 2024 19:311.28x6.80x9.87x6.76x
314th May 2024 19:314.82x18.38x26.05x18.34x
415th May 2024 18:21109.30x270.94x110.24x144.44x

ABS Marine Services Limited Financial Information (Restated Consolidated)

ABS Marine Services Limited's revenue increased by 21.27% and profit after tax (PAT) rose by 147.22% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets18,480.9917,552.5016,663.28
Revenue13,801.8911,380.788,283.98
Profit After Tax2,355.41952.74809.43
Net Worth11,717.399,352.428,370.01
Reserves and Surplus9,917.399,351.428,369.01
Total Borrowing4,567.964,866.296,114.77
Amount in ₹ Lakhs

ABS Marine Services SME IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
ABS Marine Services Limited5.295.2910.19Consolidated
Shipping Corporation Of India Ltd.18.6818.6812.5113.52Consolidated
Seamec Ltd.13.213.287.814.45Consolidated

Company Address

ABS Marine Services Limited
Flat No. 3, Anugraha Foundation, No. 15,
Valliammal Road, Vepery,
Chennai,Tamil Nadu-600 007
India
Website: http://www.absmarine.com/
Phone: 044-42914135
Email: [email protected]

ABS Marine Services SME IPO Registrar

Purva Sharegistry India Pvt Ltd
9, Shiv Shakti Industrial Estate,
JR Borica Marg,
Lower Parel (East), Mumbai - 400 011
Website: https://www.purvashare.com/investor-service/ipo-query
Phone: +91-022-23018261/ 23016761
Email: [email protected]

ABS Marine Services SME IPO Lead Manager

ABS Marine Services SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for ABS Marine Services? Should I apply in ABS Marine Services SME IPO?

Last Updated on 25-May-2024 07:02:46

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase ABS Marine Services SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply ABS Marine Services SME IPO with Zerodha.

Alternate approch to apply in ABS Marine Services SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

ABS Marine Services SME IPO Review and Important Updates

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Apply in ABS Marine Services SME IPO online

To subscribe or apply in ABS Marine Services SME IPO, you can use the following methods:

MethodDetails
ABS Marine Services SME IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in ABS Marine Services SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in ABS Marine Services SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in ABS Marine Services SME IPO. Most of the Syndicate Banks provide access to apply in ABS Marine Services IPO via ASBA process. You must have your net banking access, DP ID information to apply in ABS Marine Services SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in ABS Marine Services SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

ABS Marine Services SME IPO Review and Important Updates

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ABS Marine Services SME IPO Application is not yet available.

 

ABS Marine Services SME IPO is going to be list on 21-05-2024. NSE Code for ABS Marine Services is ABSMARINE.

Other relevant questions:

When ABS Marine Services SME IPO will be listing? ABS Marine Services SME IPO NSE listing date?ABS Marine Services SME IPO date of listing

 

ABS Marine Services SME IPO Allotment Date is 16-05-2024.

Other relevant questions:

ABS Marine Services SME IPO share allotment date?ABS Marine Services SME IPO allotment date?

 


User Reviews

5. navi May 16 2024 11:43:57 PM Reply
4. Surya Pradeep Bokka Apr 18 2024 10:02:50 AM Reply
ABS Marine Services SME IPO expected listing gain.
3. Joshva Apr 18 2024 10:02:50 AM Reply
Please confirm ABS Marine Services SME IPO GMP (grey market premium) and kostak.
2. Mukund Bhutra Apr 18 2024 10:02:50 AM Reply
ABS Marine Services SME IPO good or bad.
1. Akhilesh  Apr 18 2024 10:02:50 AM Reply
ABS Marine Services SME IPO whether to invest or not.