ABS Marine Services Limited IPO is set to launch on 10 May, 2024. The company was incorporated in 2019. ABS Marine Services Ltd. started operations with 2 offshore vessel management and as of December 31, 2023 it has 5 owned vessels comprising 2 advanced offshore vessels servicing the Oil & Gas sector & 3 Harbour Crafts serving the Indian Ports sector. The company has one long term chartered specialized multipurpose offshore vessel serving the Oil & Gas Sector. It is also carrying out total ship management of 12 vessels on behalf of Government, public sector undertakings, private companies and port authorities.
Other Information
It is providing crew management services to a further 24 ships comprising Oil Tankers, Gas Tankers, Bulk Carriers, Passenger Vessels and High 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 the Government of India, large industrial concerns, public sector undertakings, port authorities and private sector. It has also entered into 10 (ten) strategic contracts with Government agencies which contributes towards the company’s Revenue from Operations.
ABS Marine Services Limited : IPO DETAILS
ABS Marine Services Limited IPO is set to launch on 10 May, 2024. The subscription timeline extends till 15 May, 2024. The size for the IPO is Rs. 96.29 Crore. The entire issue is a fresh issue of 65.5 Lakh shares amounting to Rs. 96.29 Crore. The lot size is 1000 shares and the price is Rs. 140 to Rs. 147 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is Purva Sharegistry India Pvt Ltd.
Tabular Description of ABS Marine Services Limited IPO
| IPO OPENING DATE | 10 May, 2024 |
| CLOSING DATE FOR IPO | 15 May, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | Rs. 10 per share |
| IPO price band | Rs. 140 to Rs. 147 per share |
| LOT SIZE | 1000 shares |
| MINIMUM ORDER QUANTITY | 1000 shares |
| ISSUE SIZE | Rs. 96.29 Crore |
| OFFER FOR SALE | NIL |
| FRESH ISSUE | Rs. 96.29 Crore |
| LISTING AT | NSE SME Board |
| LISTING DATE | 21 May, 2024 |
ABS Marine Services Limited IPO: IMPORTANT DATES
| IPO OPENING DATE | 10 May, 2024 |
| CLOSING DATE FOR IPO | 15 May, 2024 |
| IPO ALLOTMENT DATE | 16 May, 2024 |
| REFUNDS | 17 May, 2024 |
| DEMAT A/C CREDITED ON | 17 May, 2024 |
| IPO LISTING DATE | 21 May, 2024 |
ABS Marine Services Limited IPO begins for subscription from 10 May, 2024. The IPO subscription would continue till 15 May, 2024. The allotment status for the shareholders who applied would come on 16 May, 2024. The refunds for the ones who did not get allotment would be initiated on 17 May, 2024. The DEMAT accounts of shareholders would be credited on 17 May, 2024. The listing of the company would be completed on 21 May, 2024.
ABS Marine Services Limited IPO: Lead Managers
The lead managers are :
- GYR Capital Advisors Private Limited
The minimum and maximum lot size for retail investors is 1000 shares, amounting to Rs. 147000. The minimum lot size for HNI is 2000 shares, amounting to Rs. 294000.
| Shares | Amount | |
| Retail (Minimum) | 1000 shares | Rs. 147000 |
| Retail (Maximum) | 1000 shares | Rs. 147000 |
| HNI (Minimum) | 2000 shares | Rs. 294000 |
OBJECTIVES FOR THE IPO
- Acquistion of off shore vessel
- Funding the working capital requirements of the Company
- General corporate purposes
COMPANY FINANCIALS
| Particularly (in Rs. Lakhs) | 2021-22 | 2022-23 | 2023-24 |
| Asset | 16663.28 | 17552.50 | 18480.99 |
| Revenue | 8283.98 | 11380.78 | 13801.89 |
| PAT | 809.43 | 952.74 | 2355.41 |
ABS Marine Services Limited had an asset base of Rs. 16663.28 Lakhs in 2022 which increased to Rs. 17552.50 Lakhs in 2023.The asset base of the firm jumped to Rs. 18480.99 Lakhs as on Mar-2024. The revenue for the company was Rs.8283.98 Lakhs in 2022, which increased to Rs. 11380.78 Lakhs in 2023. The revenue for FY 2023-24 was Rs. 13801.89 Lakhs. The profit of the company increased from Rs. 809.43 Lakhs in 2022 to Rs. 952.74 Lakhs in 2023. The profit generated for the FY 2023-24 was Rs. 2355.41 Lakhs.
PROS
- The company is providing marine related all kinds of services under one roof.
- It has 5 owned vessels comprising 2 advanced offshore vessels servicing the Oil & Gas sector & 3 Harbour Crafts serving the Indian Ports sector. The company has one long term chartered specialised multipurpose offshore vessel serving the Oil & Gas Sector.
- Its customers are primarily the Government of India, large industrial concerns, public sector undertakings, port authorities and private sector. It has also entered into 10 (ten) strategic contracts with Government agencies which contributes towards the company’s Revenue from Operations.
ABS Marine Services Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the ABS Marine Services Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
