ABS Marine Services IPO Details, Financials, Valuation & Peers

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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.

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Status
Listed
Biding Dates
10 May - 15 May 2024
Price Range
₹ 140 - 147
Issue Size
Approx ₹ 96.29 crore
Listed Price
₹294100.00%

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.

IPO Docs

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.

FieldsDetails
IPO Dates10 May - 15 May 2024
IPO Price Band₹ 140 - 147 per share
Fresh IssueUpto 65,50,000 Shares
Offer For SaleNIL
Total IPO SizeApprox ₹ 96.29 crore
Face Value₹ 10
Listing OnNSE

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.

EventDate
IPO Opening Date10 May 2024
IPO Closing Date15 May 2024
Basis Of Allotment16 May 2024
Refunds16 May 2024
Demat Transfer17 May 2024
IPO Listing Date21 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 Ended31st March 202131st March 202231st March 202331st March 2024
Total Income73.7468.9397.16120.16
Total Expenses70.4158.7986.5897.58
Net Profit/Loss2.507.728.0019.46
NPM (*)2.3210.118.9818.41
Total Assets134.88129.51144.08153.81
Total Liabilities46.5233.3039.8730.13

* 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 Ended31st March 202131st March 202231st March 202331st March 2024
EPS1.184.505.2913.09
ROE (%)2.829.6710.1920.10
ROCE (%)1.529.8011.6618.67
D/E Ratio0.130.730.520.39
Current RatioNA2.542.041.99
EBITDA MARGIN (%)28.4843.2427.1633.05

* 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.

NameRevenueP/EEPSRoNWNAV
ABS Marine Services Limited113.8127.795.2910.1965.10
Shipping Corporation of India5,907.2112.5118.6813.52NA
Seamec Limited457.2287.8113.204.45NA

* 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 TypeSubscribed
Qualified Institutional Buyer (QIB)109.3
Non-Institutional Investor (NII/HNI)270.94
Retail Individual Investor (RII)110.24
Total144.44

* 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.

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