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ABS Marine Services Limited IPO : Key Dates

ABS Marine Services Limited IPO is set to launch on 10 May, 2024. The company was incorporated in 2019. ABS Marine Services Ltd. started operations with 2 offshore vessel management and as of December 31, 2023 it has 5 owned vessels comprising 2 advanced offshore vessels servicing the Oil & Gas sector & 3 Harbour Crafts serving the Indian Ports sector. The company has one long term chartered specialized multipurpose offshore vessel serving the Oil & Gas Sector. It is also carrying out total ship management of 12 vessels on behalf of Government, public sector undertakings, private companies and port authorities.

Other Information

It is providing crew management services to a further 24 ships comprising Oil Tankers, Gas Tankers, Bulk Carriers, Passenger Vessels and High Speed Crafts. Its fully owned, chartered-in, totally managed & crewed fleet includes state of the art DP-2 Multipurpose offshore Supply Vessels, Anchor Handling Towing Supply Vessel, multi-disciplinary Ocean Research Vessels, Coastal Research Vessels, Fishery Oceanographic Research Vessel, Bulk Carriers, Gas Tankers, Oil Tankers, Passenger Vessels, High Speed Crafts & Harbour Crafts.

It is a fully integrated company with in-house complete vessel management including commercial management. Its customers are primarily the Government of India, large industrial concerns, public sector undertakings, port authorities and private sector. It has also entered into 10 (ten) strategic contracts with Government agencies which contributes towards the company’s Revenue from Operations.

ABS Marine Services Limited : IPO DETAILS

ABS Marine Services Limited IPO is set to launch on 10 May, 2024. The subscription timeline extends till 15 May, 2024. The size for the IPO is Rs. 96.29 Crore. The entire issue is a fresh issue of 65.5 Lakh shares amounting to Rs. 96.29 Crore. The lot size is 1000 shares and the price is Rs. 140 to Rs. 147 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is Purva Sharegistry India Pvt Ltd.

Tabular Description of ABS Marine Services Limited IPO

IPO OPENING DATE	10 May, 2024
CLOSING DATE FOR IPO	15 May, 2024
ISSUE TYPE	Book Built Issue
Face Value per share	Rs. 10 per share
IPO price band	Rs. 140 to Rs. 147 per share
LOT SIZE	1000 shares
MINIMUM ORDER QUANTITY	1000 shares
ISSUE SIZE	Rs. 96.29 Crore
OFFER FOR SALE	NIL
FRESH ISSUE	Rs. 96.29 Crore
LISTING AT	NSE SME Board
LISTING DATE	21 May, 2024

ABS Marine Services Limited IPO: IMPORTANT DATES

IPO OPENING DATE	10 May, 2024
CLOSING DATE FOR IPO	15 May, 2024
IPO ALLOTMENT DATE	16 May, 2024
REFUNDS	17 May, 2024
DEMAT A/C CREDITED ON	17 May, 2024
IPO LISTING DATE	21 May, 2024

ABS Marine Services Limited IPO begins for subscription from 10 May, 2024. The IPO subscription would continue till 15 May, 2024. The allotment status for the shareholders who applied would come on 16 May, 2024. The refunds for the ones who did not get allotment would be initiated on 17 May, 2024. The DEMAT accounts of shareholders would be credited on 17 May, 2024. The listing of the company would be completed on 21 May, 2024.

ABS Marine Services Limited IPO: Lead Managers

The lead managers are :

GYR Capital Advisors Private Limited

The minimum and maximum lot size for retail investors is 1000 shares, amounting to Rs. 147000. The minimum lot size for HNI is 2000 shares, amounting to Rs. 294000.

	Shares	Amount
Retail (Minimum)	1000 shares	Rs. 147000
Retail (Maximum)	1000 shares	Rs. 147000
HNI (Minimum)	2000 shares	Rs. 294000

OBJECTIVES FOR THE IPO

Acquistion of off shore vessel
Funding the working capital requirements of the Company
General corporate purposes

COMPANY FINANCIALS

Particularly (in Rs. Lakhs)	2021-22	2022-23	2023-24
Asset	16663.28	17552.50	18480.99
Revenue	8283.98	11380.78	13801.89
PAT	809.43	952.74	2355.41

ABS Marine Services Limited had an asset base of Rs. 16663.28 Lakhs in 2022 which increased to Rs. 17552.50 Lakhs in 2023.The asset base of the firm jumped to Rs. 18480.99 Lakhs as on Mar-2024. The revenue for the company was Rs.8283.98 Lakhs in 2022, which increased to Rs. 11380.78 Lakhs in 2023. The revenue for FY 2023-24 was Rs. 13801.89 Lakhs. The profit of the company increased from Rs. 809.43 Lakhs in 2022 to Rs. 952.74 Lakhs in 2023. The profit generated for the FY 2023-24 was Rs. 2355.41 Lakhs.

PROS

The company is providing marine related all kinds of services under one roof.
It has 5 owned vessels comprising 2 advanced offshore vessels servicing the Oil & Gas sector & 3 Harbour Crafts serving the Indian Ports sector. The company has one long term chartered specialised multipurpose offshore vessel serving the Oil & Gas Sector.
Its customers are primarily the Government of India, large industrial concerns, public sector undertakings, port authorities and private sector. It has also entered into 10 (ten) strategic contracts with Government agencies which contributes towards the company’s Revenue from Operations.

ABS Marine Services Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
Click the ABS Marine Services Limited IPO button and press the BID button.
Entering the details asked for like UPI ID, Quantity and price.
Submit the application form for the IPO.
Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

dhairya@socialcoffee.in