The ABS Marine Services IPO commenced on May 10, 2024, and concluded on May 15, 2024. The allotment of shares took place on May 16, 2024, and the initiation of refunds began on May 17, 2024. The shares were credited to the demat accounts of investors on May 17, 2024. Finally, the listing of ABS Marine Services on the stock exchange occurred on May 21, 2024.
The ABS Marine Services IPO was priced at ₹140 to ₹147 per share, with a lot size of 1000 shares. The total issue size was ₹96.29 crores, comprising a fresh issue of ₹96.29 crores. The IPO was listed on the NSE SME.
ABS Marine IPO Basic Details
| Company Name | ABS Marine Services Limited |
| Domain of Company | Marine Services Company |
| ABS Marine Services IPO GMP Today | ₹90 |
| ABS Marine Services IPO Listing Gain | 61.22% |
| ABS Marine Services IPO Open Date | May 10, 2024 |
| ABS Marine Services IPO Close Date | May 15, 2024 |
| ABS Marine Services IPO Allotment Date | May 16, 2024 |
| ABS Marine Services IPO Listing Date | May 21, 2024 |
| Face Value | ₹10 per share |
| Price | ₹140 to ₹147 per share |
| Lot Size | 1000 Shares |
| Issue Size | 6,550,000 shares of ₹10 (aggregating up to ₹96.29 Cr) |
| Fresh Issue | 6,550,000 shares of ₹10 (aggregating up to ₹96.29 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Capt. P B Narayanan, Shreelatha Narayanan, Arathi Narayanan and Capt. Jeevan Krishnan Sanjeevan |
ABS Marine Services IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹90 | 61.22% | – | – |
| 13 May 2024 | ₹90 | 61.22% | – | – |
ABS Marine IPO Details:
Established in October 1992, ABS Marine Services Limited specializes in managing offshore vessels. By December 31, 2023, the company had expanded its fleet to five vessels. These include two modern vessels serving the oil and gas industry and three harbor vessels catering to Indian ports.
ABS Marine Services Limited operates through four divisions: Ship Ownership, Ship Management, Marine Services, and Port Services.
Currently, the company oversees a total of 12 vessels for various clients, including government entities, public and private companies, and port authorities (as of December 31, 2023). Additionally, it offers crew management services for 24 other vessels, such as oil tankers, gas carriers, bulk carriers, passenger ships, and high-speed vessels.
The fleet owned by the company is fully chartered, managed, and manned. It comprises state-of-the-art vessels, including multipurpose offshore supply vessels, anchor handling supply vessels, marine research vessels, bulk carriers, gas tankers, oil tankers, passenger vessels, and harbor vessels.
With offices located in Mumbai and Chennai, India’s largest cities, and branch offices in Cochin and a satellite office in Kakinada, ABS Marine Services Limited boasts a network of over 40 in-house professionals supporting its operations (as of December 31, 2023).
ABS Marine Services IPO More Details Click Here
ABS Marine Services IPO FAQs
When is ABS Marine Services IPO open?
ABS Marine Services IPO will open on 10 May 2024.
When is ABS Marine Services IPO Close?
ABS Marine Services IPO will be closed on 15 May 2024.
What is ABS Marine Services IPO GMP Today?
The ABS Marine Services IPO GMP aka Grey Market Premium is ₹90.
What is ABS Marine Services IPO Kostak Rates Today?
The ABS Marine Services IPO Kostak Rate is ₹000.
What is ABS Marine Services IPO Subject to Sauda Price Today?
The ABS Marine Services IPO subject to sauda rates is ₹000.
ABS Marine Services IPO Expected Returns?
The ABS Marine Services expected return is 61.22%.
How much will be the listing gain in ABS Marine Services IPO?
ABS Marine Services IPO will get listing gain of 61.22%. (Approx.)
