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ABS Marine Services Limited IPO

ABS Marine Services Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
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Lot Size:
Subscription:
Listed Price: ₹ 294.00 (+100.00%)

ABS Marine Services Limited's achieved publicly listed status following its IPO debut on 21-05-2024 at the NSE platform. The offering successfully mobilized 65,50,000 Shares, with 65,50,000 Shares allocated to corporate growth initiatives.

Investment participation occurred within the established price band of ₹140 to ₹147, starting from minimum lots of 1000 shares. The subscription window from 10-05-2024 through 15-05-2024 enabled investor participation across market segments.

Share allocation was completed on 16-05-2024, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.

ABS Marine IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
ABS Marine IPO Key Performance Indicator
Company Financials ( In Lakhs )

ABS Marine IPO About Company

Founded in October 1992, ABS Marine Services Limited is a leading maritime company specializing in offshore and harbour vessel management. With a fleet of five vessels, including modern offshore vessels for the oil & gas sector and harbour vessels for Indian ports, the company provides a wide range of services across four key divisions: Ship Ownership, Ship Management, Marine Services, and Port Services. ABS Marine manages a total of 12 vessels for various clients and offers crew management services for an additional 24 vessels, ensuring smooth and efficient operations. Their state-of-the-art vessels, including DP-2 multipurpose offshore supply vessels and marine research vessels, enable them to meet diverse industry needs. With offices in Mumbai, Chennai, Cochin, and Kakinada, and a dedicated team of 40+ in-house professionals, ABS Marine Services is committed to delivering high-quality maritime solutions while maintaining its strong industry presence.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


ABS Marine IPO Strength Factors

  1. Proven Industry Leadership: ABS Marine Services has a strong track record of growth and success, establishing itself as a key player in the maritime sector.
  2. Diverse Fleet for Multiple Sectors: The company operates a variety of vessels, serving different industries, which helps reduce risks and boost revenue potential.
  3. Strong Expansion Potential: With a well-established presence in major Indian cities and a robust network, ABS Marine Services is well-positioned to grow its fleet and capitalize on India’s expanding maritime market.

ABS Marine IPO Risk Factors

  1. Reliance on Key Clients: A significant portion of revenue comes from a few clients. Losing any of them could negatively affect profitability and business stability.
  2. Vessel Condition Uncertainty: Buying vessels from the secondary market carries the risk of hidden defects, which could lead to unexpected repair costs or operational disruptions.
  3. Financial Stability Concerns: Past negative cash flows raise concerns about ongoing financial health. Continued cash flow challenges could impact operations and future growth.

ABS Marine IPO Lead Manager(s)

  • GYR Capital Advisors Private Limited

ABS Marine IPO Promoter(s)

  1. Capt. P B Narayanan
  2. Shreelatha Narayanan
  3. Arathi Narayanan
  4. Capt. Jeevan Krishnan Sanjeevan

ABS Marine IPO Company Details

ABS Marine Services Limited
Phone:
address:

ABS Marine IPO Registrar

Purva Sharegistry India Private Limited
Name:
Phone:

ABS Marine IPO FAQs