ABS Marine Services Limited
Book Built Issue IPO · NSE
- Price band
- ₹140 - ₹147
- Lot size
- 1,000 shares
- Issue amount
- ₹96.29 cr
- Total subscription
- 143.09×
- Opens
- 10 May 2024
- Closes
- 15 May 2024
- Allotment
- 16 May 2024
- Listing
- 21 May 2024
Offer at a glance
Issue overview
- Issue size
- 65,50,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,40,000
- Fresh issue
- ₹96.29 cr
- Offer for sale
- ₹0 cr
- Registrar
- Purva Sharegistry India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,47,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,80,00,000
- Shares after issue
- 2,45,50,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,47,000 |
| HNI | 2 | 2,000 | ₹2,94,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 18.05 | 1,972.99 |
| RETAIL | 31.59 | 3,394.02 |
| NIB | 13.55 | 3,675.37 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 13.09 | 5.29 | 4.5 |
| ROE | 0 | 0 | 0 |
| ROCE | 18.67 | 11.66 | 9.8 |
| RONW | 20.1 | 10.19 | 9.67 |
| PRE IPO(PE) | 2.26 | 0 | 0 |
| POST IPO(PE) | 11.23 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- 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.
- Diverse Fleet for Multiple Sectors: The company operates a variety of vessels, serving different industries, which helps reduce risks and boost revenue potential.
- 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.
Risk factors
- 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.
- 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.
- Financial Stability Concerns: Past negative cash flows raise concerns about ongoing financial health. Continued cash flow challenges could impact operations and future growth.
Promoters
Capt. P B Narayanan
Shreelatha Narayanan
Arathi Narayanan
Capt. Jeevan Krishnan Sanjeevan
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Purva Sharegistry India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Flat No. 3, Anugraha Foundation, No. 15, Valliammal Road, Vepery, Chennai – 600007
044-42914135
[email protected]Company website ↗Understanding ABSMARINE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.