ABS Marine Services IPO Details, Financials, Valuation & Peers
Get everything you need to know about the ABS Marine Services IPO. Explore ABS Marine Services IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.

Overview
ABS Marine Services Limited, formerly known as ABS Marine Services Private Limited, is a prominent player in the shipping industry, offering a comprehensive range of vessel management and crew management services. With a strong foundation laid by its experienced promoter, Capt. P B Narayanan, the company has established itself as a reliable partner for various stakeholders in the maritime sector. ABS Marine Services operates a diverse fleet of vessels, including offshore supply vessels, research vessels, bulk carriers, tankers, and high-speed crafts, catering to the needs of both public and private sector clients.
Key Points:
- Establishment and Growth: Founded in 1992 by Capt. P B Narayanan, ABS Marine Services initially began operations with two offshore vessel management. Over the years, the company has witnessed significant growth, expanding its fleet to five owned vessels, including advanced offshore vessels and harbor crafts, as of December 31, 2023. Additionally, ABS Marine Services is engaged in the total ship management of 12 vessels on behalf of various government agencies, public sector undertakings, private companies, and port authorities.
- Diverse Fleet: The company operates a diverse fleet of vessels, encompassing state-of-the-art DP-2 multipurpose offshore supply vessels, anchor handling towing supply vessels, ocean research vessels, coastal research vessels, fishery oceanographic research vessels, bulk carriers, gas tankers, oil tankers, passenger vessels, high-speed crafts, and harbor crafts. This diverse fleet enables ABS Marine Services to cater to a wide range of maritime requirements across different sectors.
- Fully Integrated Operations: ABS Marine Services prides itself on being a fully integrated company with in-house vessel management capabilities, including commercial management. This integrated approach allows the company to provide comprehensive services to its clients, covering all aspects of vessel operations and management, thereby ensuring operational efficiency and client satisfaction.
- Clientele and Strategic Contracts: The company's clientele primarily comprises government agencies, large industrial concerns, public sector undertakings, port authorities, and private sector entities. ABS Marine Services has secured ten strategic contracts with government agencies, contributing significantly to its revenue from operations. Notably, one major contract with the Ministry of Earth Sciences (MOES) accounts for 23.50% of the company's revenue from operations, highlighting its strong partnerships with government entities.
Objects of the Issue
- Acquistion of off shore vessel
- Funding the working capital requirements of the Company
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
Fields | Details |
---|---|
IPO Dates | 10 May - 15 May 2024 |
IPO Price Band | ₹ 140 - 147 per share |
Fresh Issue | Upto 65,50,000 Shares |
Offer For Sale | NIL |
Total IPO Size | Approx ₹ 96.29 crore |
Face Value | ₹ 10 |
Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
Event | Date |
---|---|
IPO Opening Date | 10 May 2024 |
IPO Closing Date | 15 May 2024 |
Basis Of Allotment | 16 May 2024 |
Refunds | 16 May 2024 |
Demat Transfer | 17 May 2024 |
IPO Listing Date | 21 May 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
---|---|---|---|---|
Total Income | 73.74 | 68.93 | 97.16 | 120.16 |
Total Expenses | 70.41 | 58.79 | 86.58 | 97.58 |
Net Profit/Loss | 2.50 | 7.72 | 8.00 | 19.46 |
NPM (*) | 2.32 | 10.11 | 8.98 | 18.41 |
Total Assets | 134.88 | 129.51 | 144.08 | 153.81 |
Total Liabilities | 46.52 | 33.30 | 39.87 | 30.13 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
---|---|---|---|---|
EPS | 1.18 | 4.50 | 5.29 | 13.09 |
ROE (%) | 2.82 | 9.67 | 10.19 | 20.10 |
ROCE (%) | 1.52 | 9.80 | 11.66 | 18.67 |
D/E Ratio | 0.13 | 0.73 | 0.52 | 0.39 |
Current Ratio | NA | 2.54 | 2.04 | 1.99 |
EBITDA MARGIN (%) | 28.48 | 43.24 | 27.16 | 33.05 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
Name | Revenue | P/E | EPS | RoNW | NAV |
---|---|---|---|---|---|
ABS Marine Services Limited | 113.81 | 27.79 | 5.29 | 10.19 | 65.10 |
Shipping Corporation of India | 5,907.21 | 12.51 | 18.68 | 13.52 | NA |
Seamec Limited | 457.22 | 87.81 | 13.20 | 4.45 | NA |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
Investor Type | Subscribed |
---|---|
Qualified Institutional Buyer (QIB) | 109.3 |
Non-Institutional Investor (NII/HNI) | 270.94 |
Retail Individual Investor (RII) | 110.24 |
Total | 144.44 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Purva Sharegistry (India) Private Limited
Phone: +91 022 4961 4132/3190 8810
Email: newissue@purvashare.com
Website: www.purvashare.com
Company Promoters
- CAPT. P B NARAYANAN
- MS. SHREELATHA NARAYANAN
- MS.ARATHI NARAYANAN
- CAPT. JEEVAN KRISHNAN SANJEEVAN
Lead Managers
- GYR Capital Advisors Private Limited
Company Address
ABS Marine Services Limited
Flat No. 3, Anugraha Foundation, No. 15, Valliammal Road, Vepery, Chennai – 600007, Tamil Nadu
Phone: 044- 42914135/155
Email: cs@absmarine.com
Website: www.absmarine.com
FAQs
- What is the issue size of the ABS Marine Services SME IPO?The ABS Marine Services SME IPO has an issue size of Approx ₹ 96.29 crore. This includes a fresh issue of Upto 65,50,000 Shares and an offer for sale (OFS) of NIL.
- What is the price band of the ABS Marine Services IPO?The price band for the ABS Marine Services IPO is ₹ 140 - 147 per share.
- What are the bidding dates for the ABS Marine Services IPO?The ABS Marine Services IPO will open for bidding on 10 May 2024 and close on 15 May 2024.
- What is the allotment date for the ABS Marine Services IPO?The allotment date for the ABS Marine Services IPO is 16 May 2024.
- What is the listing date for the ABS Marine Services IPO?The listing date for the ABS Marine Services IPO is 21 May 2024.
- What is the ABS Marine Services IPO grey market premium?The grey market premium (GMP) for the ABS Marine Services IPO is currently at ₹115, with an expected listing gain of approximately 78.23%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.