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ABS Marine IPO IPO

SME10 May 202415 May 2024
Open
10 May 2024
Close
15 May 2024
3
Allotment
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

21-05-2024115Est. ₹262+78.23%
20-05-2024115Est. ₹262+78.23%
19-05-2024115Est. ₹262+78.23%

Live Subscription

CategorySubscription (times)
Total101.24x

Restated Financials (₹ Cr.)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets184.81175.53166.63
Total Income138.02113.8182.84
Profit After Tax23.559.538.09
NET Worth117.1793.5283.70
Reserves and Surplus99.1793.5183.69
Total Borrowing45.6848.6661.15
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Sadhav Shipping Ltd.SME₹38.18 Cr₹9512.66₹141.75+49.21%₹115.80 (+2.25%)
Arvind & Co.Shipping Agencies Ltd.SME₹14.74 Cr₹459.74₹80.05+77.89%₹28.85 (-3.83%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Acquistion of offshore vessel55.00
2Funding the working capital requirements of the Company25.00
3General corporate purposes11.29

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