ABS Marine Services Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 09-05-2024 | 14-05-2024 | 10 per share | 147 | 1000 | NSE SME | 6,550,000 shares (aggregating up to ₹96.29 Cr) | 2024-05-15 18:30:00 | 2024-05-16 18:30:00 | 2024-05-16 18:30:00 | 20-05-2024 |
About The Company
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.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-03-2022 | 16663 | 8284 | 809 | 8370.01 | 8369.01 | 6114.77 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions. | 109.30 |
| Non-Institutional Buyers | 270.94 |
| Retail Investors | 110.24 |
| Total | 144.44 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | 147000 |
| Retail (Max) | 1 | 1000 | 147000 |
| HNI (Min) | 2 | 2000 | 294000 |
IPO Listing Details
| Listing Date | 20-05-2024 |
| BSE Script Code | N/A |
| NSE Symbol | ABSMARINE |
| ISIN | INE0QRV01016 |
| Final Issue Price | 147 |
Promoter holdings
Capt. P B Narayanan, Shreelatha Narayanan, Arathi Narayanan and Capt. Jeevan Krishnan Sanjeevan.
Contact Information of the Company
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/
IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
IPO Lead Manager
GYR Capital Advisors Private Limited (Past IPO Performance)