ABS Marine Services Limited

10 May 2024 - 15 May 2024 Individual Category SME NSE

Min Investment

₹147000

Price Band

₹140-₹147

Issue Size

47.09 lakhs
Equity Shares

Lot Size

1000

IPO Dates
img

10 May 2024

Open Date

img

15 May 2024

Close Date

img

16 May 2024

Allotment Date

img

21 May 2024

Listing Date

ABS Marine Services IPO is offering a 100% book-built public issue. This upcoming IPO is offering a fresh issue of up to 6,700,000 equity shares, the total aggregated size of an offer is accumulated to 6,700,000 of equity shares. The face value is reported as Rs. 10 for each share. This new IPO issue is being made through the book-building process with a reservation of not more than 50% of the new offer reserved for Qualified Institutional Investors, not less than 15% reserved for Non-Institutional Investors and the remaining 35% or more reserved for Retail Individuals. Application for public issue and subscription opening/closing and other important dates will be announced soon; However, keep in mind that the public offering is proposed to be listed on both the exchanges, i.e. NSE and BSE.

Know Before Investing

Strengths icon

Weaknesses icon

About Abs Marine Services Limited

Established in October 1992, ABS Marine Services Limited oversees offshore vessel management and possesses a fleet of five vessels by December 31, 2023. Among these are two advanced offshore vessels catering to the Oil & Gas sector, alongside three Harbour Crafts servicing Indian Ports. The organization operates through four key divisions: Ship Owning, Ship Management, Marine Services, and Port Services. Presently, the company manages a total of 12 vessels serving various entities such as government agencies, public sector undertakings, private companies, and port authorities. Furthermore, they offer crew management services for an additional 24 ships, encompassing oil tankers, gas tankers, bulk carriers, passenger vessels, and high-speed crafts. Their fleet comprises vessels chartered, managed, and manned by the company, featuring state-of-the-art equipment including DP-2 Multipurpose offshore Supply Vessels, Anchor Handling Towing Supply Vessel, and various research and cargo vessels. Operating from offices in Mumbai and Chennai, with additional branches in Cochin and a satellite office in Kakinada, the company is supported by a team of over 40 in-house professionals as of December 31, 2023.

Founded

1992

Managing Director

P B Narayanan

Parent Organization

IPO Objectives

The Company proposed to allocate the Net Proceeds in a strategic manner. Firstly, a portion will be designated for the acquisition of an offshore vessel, a crucial asset for expanding its operations and strengthening its maritime capabilities and funds will be allocated to address the Company's working capital requirements, ensuring smooth day-to-day operations and facilitating growth opportunities. However, a portion of the proceeds will be allocated for general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

img img

Login

Login to your Bigul Account

Select Lots & Price

Choose the number of lots and price

UPI ID

Enter your UPI ID

UPI Mandate Request

A UPI Mandate Request Triggered

Approve Mandate

Approve the UPI Mandate Request

IPO Allotment

YES Share will be credited. and the amount will be debited

Close

Let's Open Free Demat Account