ABS Marine Services Limited IPO
- IPO Date10 May, 2024 to 15 May, 2024
- Listing Date21 May, 2024
- Face Value₹10 per share
- Issue Price₹140 to ₹147 per share
- Lot Size1000 Shares
- Minimum Investment₹1,47,000
- Listing AtNSE SME
- Total Issue Size65,50,000 Shares
(aggregating up to ₹96.28 Cr) - Fresh Issue65,50,000 Shares
(aggregating up to ₹96.28 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,80,00,000
- Shareholding post issue2,45,50,000
IPO Dates
Closing Date
15 May, 2024
Initiation of Refunds
17 May, 2024
Listing Date
21 May, 2024
10 May, 2024
Opening Date
16 May, 2024
Basis of Allotment
17 May, 2024
Credit of Shares
ABS Marine Services Limited Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 2 | 2000 | ₹2,94,000 |
| Retail (Min) | 1 | 1000 | ₹1,47,000 |
| Retail (Max) | 1 | 1000 | ₹1,47,000 |
ABS Marine Services Limited Promoter Holding
The promoters of the company are Capt. P B Narayanan, Shreelatha Narayanan, Arathi Narayanan and Capt. Jeevan Krishnan Sanjeevan.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 86.5% | 63.42% |
ABS Marine Services Limited COMPANY INFORMATION
ABS Marine Services IPO is a book built issue of Rs 96.29 crores. The issue is entirely a fresh issue of 65.5 lakh shares. ABS Marine Services IPO bidding opened for subscription on May 10, 2024 and will close on May 15, 2024. The allotment for the ABS Marine Services IPO is expected to be finalized on Thursday, May 16, 2024. ABS Marine Services IPO will list on NSE SME with tentative listing date fixed as Tuesday, May 21, 2024. ABS Marine Services IPO price band is set at ₹140 to ₹147 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹147,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹294,000. GYR Capital Advisors Private Limited is the book running lead manager of the ABS Marine Services IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for ABS Marine Services IPO are Giriraj Stock Broking and Commodity Mandi. Refer to ABS Marine Services IPO RHP for detailed information.
Founded in October 1992, ABS Marine Services Limited manages offshore vessels and owns five vessels as of December 31, 2023. These include two modern offshore vessels for the oil and gas sector and three harbour vessels for the Indian port sector.
The company is divided into four divisions: Ship Ownership, Ship Management, Marine Services, and Port Services.
The company currently manages a total of 12 vessels for the government, public companies, private companies and port authorities (as of December 31, 2023). It also provides crew management services for 24 other vessels, including oil tankers, gas carriers, bulk carriers, passenger ships and high-speed vessels.
The company owns a fleet of vessels that are fully chartered, managed and manned. These vessels are equipped with 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 tankers, oil tankers, passenger vessels, high speed craft and harbour vessels.
The company has offices in Mumbai and Chennai, India's two largest cities, as well as a branch office in Cochin and a satellite office in Kakinada. In addition, as of December 31, 2023, the company has a network of more than 40 in-house professionals to support it in its work.
FAQs About Abs Marine Services Limited Ipo
ABS Marine Services Limited IPO will open on 10 May, 2024 and close on 15 May, 2024. Investors must apply within this period to participate.
The ABS Marine Services Limited IPO price band is set between ₹140.00 and ₹147.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹147000.00.
The ABS Marine Services Limited IPO shares are expected to be listed on 21 May, 2024, subject to regulatory approvals and final allotment.
You can track your ABS Marine Services Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The ABS Marine Services Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.