ABS Marine Services IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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    ABS Marine Services IPO Latest updates:
    The company will enter the market on 10 May and listing is expected to be on May 21,2024.



    What is the latest GMP of ABS Marine Services IPO?*
    Latest GMP & Subject to rates: Click

    Check Subscription status of ABS Marine Services IPO

    On 15 May 2024 @ 5.00 (Day 4) (Closed)
    Review: Solid response on Day 4
    QIB:       109.30 T
    NII:        270.94 T
    RII:        110.24 T
    Total:    144.44 T
    Application: 236910
    Amount wise Subscription: Rs. 13908 Crore

    What is the business of ABS Marine Services?

    The company started operations with two offshore vessel management and as of the date of December 31, 2023 it has 5 owned vessels comprising of 2 advanced offshore vessels servcing the Oil & Gas sector & 3 Harbour Crafts serving the Indian Ports sector It has one long term chartered specialised
    multipurpose offshore vessel serving the Oil & Gas Sector. In addition, as of December 31, 2023 it is carrying out total ship management of 12 vessels on behalf of Government, public sector undertakings, private companies and port authorities. It is providing crew management services to a further 24 ships comprising Oil Tankers, Gas Tankers, Bulk Carriers, Passenger Vessels and Hisgh Speed Crafts.
    Its 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 Vessel, Bulk Carriers, Gas Tankers, Oil Tankers, Passenger Vessels, High Speed Crafts & Harbour Crafts.
    It is a fully integrated company with in-house complete vessel management including commercial management.
    Its customers are primarily comprised of Government of India, large industrial concerns, public sector undertakings, port authorities and private sector. It has also entered into 10 (ten) strategic contracts with Governemnt agencies which contributes towards its Revenue from Operations. Out of the ten contracts, one major contarct with the Ministry of Earth and Science (MOES) contributes towards our 23.50% of the Revenue from operations.

    Get more information about the company @ http://www.absmarine.com/

    ABS Marine Services IPO Details
    IPO opens on  10 May 2024
    IPO closes on  15 May 2024
    Issue Type Book Built Issue IPO
    Issue Size 6700000 Shares /
    Rs 96.29 Crore
    * Fresh Issue 6700000 Sh /
    Rs 96.29 Cr
    * Offer for Sale  – Sh /Rs – Cr
    Market Maker Portion 410000 Shares
    Net offer to Public 6140000 Shares/
    Rs.90.26 Crore
    Face Value per share Rs. 10
    Price Band Rs. 140-147
    Employee discount  Rs. 0 per share
    Retail Lot Size  1000 Shares
    Listing will at  NSE SME
    Shares offered in ABS Marine Services IPO
      Shares Rs. (Cr)
    QIB (50%) 3070000 45.13
    NII  (15%)   921000 13.54
    RII  (35%) 2149000 31.59
    Total Shares  6140000 90.26
    Retail portion will be oversubscribed by  2149
    Forms
    How much Shares to Apply in ABS Marine Services IPO?
    Min Retail Application 1000 Shares Rs. 147000
    Min HNI Application  2000 Shares Rs.294000

    Who are the Promoters of ABS Marine Services IPO?
    CAPT. P B NARAYANAN, MS. SHREELATHA NARAYANAN, MS. ARATHI NARAYANAN AND CAPT. JEEVAN KRISHNAN SANJEEVAN

    What are the Objects of ABS Marine Services IPO?

    The Offer comprises only of a Fresh Issue of Equity shares.

    The Company proposes to utilise the Net Proceeds towards funding the following objects:
    1.Acquistion of offshore vessel
    2.Funding the working capital requirements of the Company; and
    3.General corporate purposes.

    ABS Marine Services IPO Tentative timetable
    IPO opens on 10 May 2024
    IPO Closes on 15 May 2024
    IPO Allotment on  16 may 2024
    Refund Initiation  17 May 2024
    Credit of Shares 17 May 2024
    Listing on 21 May 2024
    Registered Office of the Company
    ABS Marine Services Limited
    Flat No. 3, Anugraha Foundation
    No. 15, Valliammal Road
    Vepery, Chennai – 600007

    Who is the Lead Manager of ABS Marine Services IPO?
    GYR Capital Advisors Private Limited
    Who is the Registrar to IPO?
    Purva Sharegistry India Pvt Ltd
    ABS Marine Services IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
      Rs.in Cr Rs.in Cr Rs. %
    2020-21   91.95   2.08 5.29   2.82
    2021-22   82.84   8.43 4.52   9.73
    2022-23  113.81 10.22 1.18 10.19
    Book Value of the Share on 31.03.2023 Rs 51.96    
    BV of the Share at cap price after the IPO Rs. –    
    Offer Price/upper band   Rs. 147    
    ABS Marine Services IPO
    Key Performance indicators
    Price/last EPS of 22-23  14.38
    Price/BV Ratio   2.88
    Upper price/BV after IPO 


    How ABS Marine Services IPO compares with the Peers?

    As per DRHP FV Total Income PE Ratio
      Rs. In Cr. @
    ABS Marine Services 10   114                 14.38
    Shipping Corporation of India 10 5907 12.51
    Seamac ltd 10   457 87.81
           
            

     

    # This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    ABS Marine Services IPO To the point Guidance
    ABS Marine Services started operations with two offshore vessel management and as of the date of December 31, 2023, it has 5 owned vessels comprising of 2 advanced offshore vessels servcing the Oil & Gas sector & 3 Harbour Crafts serving the Indian Ports sector It has one long term chartered specialised
    multipurpose offshore vessel serving the Oil & Gas Sector.
    Size:  Net Size of the IPO Rs. 90.26 Crore is very large. However, considering liquidity in the system and investor appetite, one time oversubscription may not pose any problem.
    Financial Snapshot:
    The company has shown consistent growth in the topline. However, the profits for the year 222-23 has shot up to Rs. 10.22 Crore as compared to net profit of Rs. 2.08 crore. So compared to 23.77% rise in the topline, the profits have shot up to Rs. 10.22 crore (e.g. 4.91 times rise). We are not sure, whether the company can maintain such high profits in the future. From this angle, we are hesitant to recommend the IPO. Even very large size is another deterrent. May Avoid.

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    ABS Marine Services
    IPO GMP today details?

    ABS Marine Services IPO

    ABS Marine Services IPO FAQs

    What is ABS Marine Services IPO?

    ABS Marine Services is a SME IPO of 6700000 equity shares of the face value of Rs. 10 aggregating up to Rs.? Crores. The issue is priced at Rs.? per share. The minimum order quantity is ? Shares.

    When will ABS Marine Services IPO open?

    ABS Marine Services IPO opens on April ?, 2024, and closes on April ?, 2024.

    What is the lot size of ABS Marine Services IPO?
    ABS Marine Services IPO lot size is ? Shares, and the minimum amount required is Rs.?.

    How to apply for ABS Marine Services IPO?
    You can apply in ABS Marine Services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

    When is ABS Marine Services IPO allotment?
    The finalization of Basis of Allotment for ABS Marine Services IPO will be done on April ?, 2024, and the allotted shares will be credited to your demat account by April ?, 2024.

    When is ABS Marine Services IPO listing date?
    ABS Marine Services IPO listing date is April ?, 2024.

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