ABS Marine Services IPO: From price band to GMP - here's everything you need to know about SME issue

ABS Marine Services IPO aims to rise implicit ₹96.29 crore via caller issuance of 65.5 lakh shares. Investors person the enactment to bid for a minimum of 1000 shares and successful multiples thereof. The minimum concern magnitude mandated for retail investors stands astatine ₹147,000.

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As per ABS Marine Services DRHP, not much than 50 per cent of the contented is reserved for QIB, not little than 35 per cent of the contented is allocated to retail investors and not little than 15 per cent of the contented is reserved for NIIs.

The promoters of the institution are Captain P B Narayanan, Shreelatha Narayanan, Arathi Narayanan, and Captain Jeevan Krishnan Sanjeevan.

The allotment of the ABS Marine Services IPO is anticipated to beryllium concluded by Thursday, May 16, 2024. The IPO is scheduled to beryllium listed connected the NSE SME platform, with a tentative listing day acceptable for Tuesday, May 21, 2024.

GYR Capital Advisors Private Limited serves arsenic the publication moving pb manager for the ABS Marine Services IPO, with Purva Sharegistry India Pvt Ltd appointed arsenic the registrar for the issue. Giriraj Stock Broking and Commodity Mandi are designated arsenic the marketplace makers for the ABS Marine Services IPO.

ABS Marine Services GMP today

The shares of ABS Marine Services are presently not trading successful the grey market. This means that the grey marketplace premium (GMP) of ABD Marine Services is ₹0.

'Grey marketplace premium' indicates investors' readiness to wage much than the contented price.

About ABS Marine Services

Established successful October 1992, ABS Marine Services Limited oversees offshore vessels and possesses 5 vessels arsenic of December 31, 2023. Among these are 2 state-of-the-art offshore vessels tailored for the lipid and state industry, alongside 3 harbor vessels catering to the Indian larboard sector.

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As of December 31, 2023, the institution is liable for the absorption of a full of 12 vessels, serving authorities agencies, nationalist and backstage entities, arsenic good arsenic larboard authorities. Additionally, it offers unit absorption services for an further 24 vessels, encompassing lipid tankers, state carriers, bulk carriers, rider ships, and high-speed vessels.

ABS Marine Services Limited witnessed a 21.27% summation successful gross and a notable emergence of 147.22% successful nett aft taxation (PAT) for the fiscal twelvemonth ended connected March 31, 2024.

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Published: 06 May 2024, 04:37 PM IST