ABS Marine Services IPO opens for subscription on May 10, 2024 and closes 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.
IPO Size: 6,550,000 shares (96.29 Cr) Fresh Issue: 6,550,000 shares (96.29 Cr) Subscription Dates: May 10, 2024 to May 15, 2024 Expected Allotment: Thursday, May 16, 2024 Listing Date (Tentative): May 21, 2024 Retail Investors: ₹.147,000 (1000 shares) HNI : ₹.294,000(2 lots, 2000 shares)
| IPO Date | May 10, 2024 to May 15, 2024 |
| Listing Date | May 21, 2024 |
| Face Value | ₹10 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 6,550,000 shares (aggregating up to ₹96.29 Cr) |
| Fresh Issue | 6,550,000 (aggregating up to ₹96.29 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,000,000 |
| Share holding post issue | 24,550,000 |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 2,292,500 (35%) |
| Total Shares Offered | 6,550,000 (100%) |
ABS Marine Services Limited IPO raises ₹ crore from anchor investors. ABS Marine Services Limited IPO Anchor bid date is January 1, 1970. ABS Marine Services Limited IPO Anchor Investors list
| GMP Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 04-05-2024 | ₹147 | ₹0 | ₹147 (0.00%) | 04-05-2024 12:05 |
| 05-05-2024 | ₹147 | ₹0 | ₹147 (0.00%) | 05-05-2024 12:05 |
| 06-05-2024 | ₹147 | ₹0 | ₹147 (0.00%) | 06-05-2024 12:05 |
ABS Marine Services Limited IPO opens on May 10, 2024 and closes on May 15, 2024.
| IPO Open Date | Friday, May 10, 2024 |
| IPO Close Date | Wednesday, May 15, 2024 |
| Basis of Allotment* | Thursday, May 16, 2024 |
| Initiation of Refunds* | Friday, May 17, 2024 |
| Credit of Shares to Demat* | Friday, May 17, 2024 |
| Listing Date* | Tuesday, May 21, 2024 |
| Cut-off time for UPI mandate confirmation | 05:00 pm, May 15, 2024 |
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 |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹ 147,000 |
| Retail (Max) | 1 | 1000 | ₹ 147,000 |
| HNI (Min) | 2 | 2000 | ₹ 294,000 |
| Lot Size Calculator | |||
The promoters of the company are Capt. P B Narayanan, Shreelatha Narayanan, Arathi Narayanan and Capt. Jeevan Krishnan Sanjeevan
| Share Holding Pre Issue | 86.50% |
| Share Holding Post Issue | 63.42% |
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.
The Company proposes to utilise the Net Proceeds towards funding the following objects
ABS Marine Services Limited
Flat No. 3, Anugraha Foundation
No. 15, Valliammal Road
Vepery, Chennai – 600007
Phone: 044-42914135
Email: cs@absmarine.com
Website: http://www.absmarine.com/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
| Listing Date | May 21, 2024 |
| Final Issue Price | ₹ 147 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 147 | ₹ 147 |
ABS Marine Services Limited IPO is a main-board FPO of 6,550,000 equity shares of the face value of ₹ 10 aggregating up to ₹ 96.29 Crores. The issue is priced at . The minimum order quantity is 1000 Shares.
The ABS Marine Services Limited IPO opens on May 10, 2024 and closes on May 15, 2024.
Retail Investors: ₹.147,000 (1000 shares) Small HNI : ₹.294,000(2 lots, 2000 shares) Big HNI : ₹.1,029,000(7 lots, 7000 shares)
The finalization of Basis of Allotment for ABS Marine Services Limited IPO will be done on Thursday, May 16, 2024, and the allotted shares will be credited to your demat account by Friday, May 17, 2024. Check the ABS Marine Services Limited IPO allotment status.