ABS Marine Services Limited

Company Profile
Company Name ABS Marine Services Limited
Open Date 10-05-2024
Close Date 15-05-2024
Exchange NSE SME
Lot Size 1000 Shares
Issue Price ₹140 to ₹147 per share
Issue Size 65,50,000 shares
Application Amount ₹1,47,000
Recommendation Apply
ABS Marine Services Limited was incorporated in 1992 with its registered office in Vepery, Chennai, Tamil Nadu. The company offers vessel management, commercial and crew management. Along with that, it provides Port Services, Ship Management and Marine Services. The company caters these services to Government, PSUs, Port Authorities and other Private companies. The company had 468 employees under its payroll as of the date of filing the RHP.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Total Assets 16,663.28 17,552.50 18,481.00
Net Assets 8,370.01 9,352.42 11,717.39
Total Borrowings 6,114.77 4,866.29 4,567.97
Total Revenue 8,283.98 11,380.78 13,801.90
Profit After Tax 809.44 952.74 2,355.42

Tentative Timeline

Opening Date 10-05-2024
Closing Date 15-05-2024
Basis of Allotment 16-05-2024
Initiation of Refunds 17-05-2024
Credit of Shares to Demat 17-05-2024
Listing Date 21-05-2024

Objects of the Issue

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

Contact Information

Registered Office ABS Marine Services Limited Flat No. 3, Anugraha Foundation No. 15, Valliammal Road Vepery, Chennai – 600007
Phone 044-42914135
Email cs@absmarine.com
Website http://www.absmarine.com/

Registrar Details

Name Purva Sharegistry India Pvt Ltd
Phone +91-022-23018261/ 23016761
Email newissue@purvashare.com
Website https://www.purvashare.com/investor-service/ipo-query

IPO Reservation

Anchor Investor Shares Offered 1,841,000 (28.11%)
Market Maker Shares Offered 410,000 (6.26%)
QIB Shares Offered 1,228,000 (18.75%)
NII (HNI) Shares Offered 922,000 (14.08%)
Retail Shares Offered 2,149,000 (32.81%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 86.50%
Share Holding Post Issue (Promoters) 63.42%

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