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Open
10 May 2024
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Close
15 May 2024
3
Allotment
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Listing
Tue, May 21, 2024
Price Band
₹140 to ₹147
Issue Size
65,50,000 shares (agg. up to ₹96 Cr)
Lot Size
1,000 Shares
Listing Date
Tue, May 21, 2024
Latest GMP
₹115
Est. Gain
78.23%
✦ AI Insight
GMP Trend
21-05-2024₹115Est. ₹262+78.23%
20-05-2024₹115Est. ₹262+78.23%
19-05-2024₹115Est. ₹262+78.23%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 101.24x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 184.81 | 175.53 | 166.63 |
| Total Income | 138.02 | 113.81 | 82.84 |
| Profit After Tax | 23.55 | 9.53 | 8.09 |
| NET Worth | 117.17 | 93.52 | 83.70 |
| Reserves and Surplus | 99.17 | 93.51 | 83.69 |
| Total Borrowing | 45.68 | 48.66 | 61.15 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sadhav Shipping Ltd. | SME | ₹38.18 Cr | ₹95 | 12.66 | ₹141.75 | +49.21% | ₹115.80 (+2.25%) |
| Arvind & Co.Shipping Agencies Ltd. | SME | ₹14.74 Cr | ₹45 | 9.74 | ₹80.05 | +77.89% | ₹28.85 (-3.83%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquistion of offshore vessel | 55.00 |
| 2 | Funding the working capital requirements of the Company | 25.00 |
| 3 | General corporate purposes | 11.29 |
About ABS Marine IPO
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
Contact Details
ABS Marine Services Ltd. AddressFlat No.3, Anugraha FoundationNo.15, Valliammal RoadVeperyChennai, Tamil Nadu, 600007044-42914135cs@absmarine.comVisit Website