The IPO details for ABS Marine Services are as follows: The IPO is scheduled to open on April [.] and close on April [.]. ABS Marine Services, a NSE SME IPO, aims to raise ₹[.] crores through the IPO. The price band for the ABS Marine Services IPO will be announced later, with a market lot of [.] shares.
ABS Marine Services was founded by its dedicated promoter, Capt. P B Narayanan, who brings over four decades of extensive experience in the Shipping Industry. The company commenced operations with two offshore vessel management, and as of December 31, 2023, they have expanded their fleet to include five owned vessels. This fleet comprises two advanced offshore vessels serving the Oil & Gas sector and three Harbour Crafts catering to the Indian Ports sector. Additionally, they have one long-term chartered specialized multipurpose offshore vessel dedicated to serving the Oil & Gas Sector. Furthermore, as of December 31, 2023, they are engaged in the total ship management of 12 vessels on behalf of various entities, including the Government, public sector undertakings, private companies, and port authorities. They also provide crew management services to an additional 24 ships, which include Oil Tankers, Gas Tankers, Bulk Carriers, Passenger Vessels, and High-Speed Crafts.
Their diverse fleet consists of fully owned, chartered-in, managed, and crewed vessels, encompassing state-of-the-art DP-2 Multipurpose Offshore Supply Vessels, Anchor Handling Towing Supply Vessels, multi-disciplinary Ocean Research Vessels, Coastal Research Vessels, Fishery Oceanographic Research Vessels, Bulk Carriers, Gas Tankers, Oil Tankers, Passenger Vessels, High-Speed Crafts, and Harbour Crafts. ABS Marine Services operates as a fully integrated company, managing all aspects of vessel management, including commercial management, in-house.
IPO Date | April [.], 2024 |
Listing Date | April [.], 2024 |
Face Value | ₹10 per share |
Price | [.] to [.] per share |
Lot Size | |
Total Issue Size | 6,700,000 shares (aggregating up to ₹[.] Cr) |
Fresh Issue | 6,700,000 shares (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 18,000,000 |
Share holding post issue | 24,700,000 |
IPO Open Date | April 2024 |
IPO Close Date | April 2024 |
Basis of Allotment | April 2024 |
Refunds | April 2024 |
Credit to Demat Account | April 2024 |
IPO Listing Date | April 2024 |
KPI | Values |
---|---|
ROE | 12.62% |
ROCE | 10.70% |
Debt/Equity | 0.41 |
RoNW | 12.62% |
PAT Margin (%) | 21.16% |
The Company proposes to utilise the Net Proceeds towards funding the following objects
ABS Marine Services Limited’s revenue increased by 37.38% and profit after tax (PAT) rose by 21.25% between the financial year ending with March 31, 2023 and March 31, 2022.
Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 17,817.03 | 17,552.47 | 16,663.22 | 18,220.45 |
Revenue | 6,385.48 | 11,380.78 | 8,283.98 | 9,195.45 |
Profit After Tax | 1,401.40 | 1,021.71 | 842.66 | 207.67 |
Net Worth | 10,701.67 | 9,352.39 | 8,369.95 | 7,548.04 |
Total Borrowing | 4,343.02 | 4,866.29 | 6,114.77 | 8,562.05 |
Amount in ₹ Lakhs |
₹ in Crores | |||
---|---|---|---|
Year | Revenue | Expense | PAT |
2021 | ₹73.74 | ₹70.41 | ₹2.50 |
2022 | ₹68.93 | ₹58.68 | ₹7.77 |
2023 | ₹97.16 | ₹86.58 | ₹8.00 |
Oct 2023 | ₹53.10 | ₹39.39 | ₹12.07 |