ABS Marine IPO

ABS Marine Services Ltd

₹1,40,000 /1000 sharesMinimum Investment

ABS Marine IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹147.00₹294.00₹147.00 (100.00%)

ABS Marine IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
10 May ‘24 - 15 May ‘24₹1,40,0001,000₹140 - ₹147
Issue SizeIPO Doc
96.29Cr
RHP PDF

About the company

ABS Marine Services Ltd is an integrated shipping company offering vessel management services, including commercial management services. Starting with two offshore vessels, as of December 31, 2023, it owned five vessels. These consisted of two advanced offshore vessels serving the oil & gas sector and three harbour crafts serving the Indian ports sector. It also has a long-term chartered specialised multipurpose offshore vessel serving the oil & gas sector. As of December 31, 2023, the company was offering ship management services to 12 vessels. It is also providing crew management services to 24 vessels, including oil tankers, gas tankers, bulk carriers, passenger vessels and high-speed crafts.;
Founded in
1992
Managing director
Capt. P. B. Narayanan
Parent organisation
ABS Marine Services Ltd

Strength and risks

Strengths
Risks
The company started its operations in 1992. Therefore, there is a long history of the company’s operations, which can help investors assess its past performance and future prospects.
The company serves a diverse customer base that primarily includes the Government of India, large industrial concerns, public sector undertakings, port authorities, and private sector entities. They have also secured 10 strategic contracts with various government agencies. Among these contracts, a major one with the Ministry of Earth and Science (MOES) accounts for approximately 23.50% of the company's revenue from operations.
The company’s fully-owned, fully managed and crewed fleet includes state-of-the-art DP-2 multipurpose offshore supply vessels, anchor handling towing supply vessel, multi-disciplinary ocean research vessels, coastal research vessels, fishery oceanographic research vessel, bulk carriers, gas tankers, oil tankers, passenger vessels, high speed crafts and harbour crafts. This fleet diversification helps it enter into chartering and ship management arrangements of varying durations with different types of customers.
The company’s total income has risen consistently over the last three years from Rs 71.63 crore in FY22 to Rs 111.58 crore in FY23 to Rs 135.16 crore in FY24. Profit after tax (PAT) too has risen consistently from Rs 8.09 crore in FY22 to Rs 9.53 crore in FY23 to Rs 23.55 crore in FY24.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular140 - 147₹2 Lakh
High Networth Individual140 - 147₹2 - 5 Lakh
For ABS Marine IPO, eligible investors can apply as Regular.
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