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SME IPO Status: Upcoming [10th May 2024 to 15th May 2024]
ABS Marine Services IPO, a SME IPO of ₹96.29 Cr opens for subscription from 10-05-2024 to 15-05-2024. The IPO consists of ₹96.29 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 140.00-147.00 per share. You can apply to the ABS Marine Services SME IPO for a minimum lot of 1000 shares amounting of Rs 147000.
The tentative listing date on the exchange (NSE SME) is 21-05-2024.Stay tuned with us to get more details about ABS Marine Services SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 10th May 2024 |
| SME IPO Issue Closing Date: | 15th May 2024 |
| SME IPO Issue Price: | ₹140.00-147.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹96.29 Cr |
| Fresh Issue: | ₹96.29 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 86.50% |
| Promoter Holding Post IPO: | 63.42% |
Get important updates regarding ABS Marine Services SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 16th May 2024 |
| Refunds Initiation* | 17th May 2024 |
| Credit of Shares to Demat* | 17th May 2024 |
| SME IPO Listing Date* | 21st May 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹140.00-147.00 |
| Market Lot: | 1000 Shares |
| 1 Lot Amount: | ₹147000 |
| Min HNI Lots: | 2000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 09-05-2024 | 147.00 | 60 | 45600 | ₹207 (40.82%) | 9-May-2024 7:03 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
ABS Marine Services Limited was founded in October 1992. The company started its operations with the management of two offshore vessels and as of December 31, 2023 has five owned vessels including two modern offshore vessels for the oil and gas sector and three Harbtheir Crafts for the Indian port sector and one long-term chartered multipurpose offshore vessel for the oil and gas sector. In addition, the company will provide full ship management services for 12 vessels on behalf of the government, public companies, private companies and port authorities until December 31, 2023. The company provides crew management services for a further 24 ships, including oil tankers, gas tankers, bulk carriers, passenger ships and high-speed vessels.
The owned, chartered, fully managed and manned fleet includes 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 carriers, oil tankers, passenger vessels, high-speed vessels and ocean-going vessels.
The company's business activities are directly influenced by the general economic situation and international shipping traffic, particularly in the energy sector.
The existing business is divided into the following areas:
| Incorporation | Sector | IPO Issue Size | Website |
| 1992 | Shipping | ₹96.29 Cr | http://www.absmarine.com/ |
The Company proposes to utilise the Net Proceeds towards funding the following objects
ABS Marine Services Limited's revenue increased by 21.27% and profit after tax (PAT) rose by 147.22% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 18,480.99 | 17,552.50 | 16,663.28 |
| Revenue | 13,801.89 | 11,380.78 | 8,283.98 |
| Profit After Tax | 2,355.41 | 952.74 | 809.43 |
| Net Worth | 11,717.39 | 9,352.42 | 8,370.01 |
| Reserves and Surplus | 9,917.39 | 9,351.42 | 8,369.01 |
| Total Borrowing | 4,567.96 | 4,866.29 | 6,114.77 |
| Amount in ₹ Lakhs | |||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| ABS Marine Services Limited | 5.29 | 5.29 | 10.19 | Consolidated | ||
| Shipping Corporation Of India Ltd. | 18.68 | 18.68 | 12.51 | 13.52 | Consolidated | |
| Seamec Ltd. | 13.2 | 13.2 | 87.81 | 4.45 | Consolidated |
Last Updated on 09-May-2024 07:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase ABS Marine Services SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply ABS Marine Services SME IPO with Zerodha.
Alternate approch to apply in ABS Marine Services SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
ABS Marine Services SME IPO Review and Important Updates
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To subscribe or apply in ABS Marine Services SME IPO, you can use the following methods:
| ABS Marine Services SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in ABS Marine Services SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in ABS Marine Services SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in ABS Marine Services SME IPO. Most of the Syndicate Banks provide access to apply in ABS Marine Services IPO via ASBA process. You must have your net banking access, DP ID information to apply in ABS Marine Services SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in ABS Marine Services SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
ABS Marine Services SME IPO Review and Important Updates
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ABS Marine Services SME IPO is going to be list on 21-05-2024.
Other relevant questions:
When ABS Marine Services SME IPO will be listing? ABS Marine Services SME IPO listing date?ABS Marine Services SME IPO date of listing
ABS Marine Services SME IPO Allotment Date is 16-05-2024.
Other relevant questions:
ABS Marine Services SME IPO share allotment date?ABS Marine Services SME IPO allotment date?
