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ABS Marine Services IPO
Price Band
₹140.0–147.0
Issue Size
₹96.29 Cr
Lot Size
1,000 shares
Min Investment
₹147,000
GMP
+₹115.0 (78.23%)
Issue Price
₹147.0
Subject to Sauda
₹87400
Paid only if allotted
ABS Marine Services IPO AI Summary
- ABS Marine Services IPO is listed on NSE SME in the Shipping sector.
- Price band: ₹140.0–₹147.0 per share, lot size 1,000 shares (min. investment ₹147,000).
- Subscription window: 10 May–15 May 2024, listing on 21 May 2024.
- Current GMP is +₹115.0 (78.23%), an estimated listing price of ₹262 — unofficial and can change daily.
ABS Marine Services Limited is set to raise ₹96.29 Cr through its IPO, with a price band of ₹140.0 to ₹147.0. The company has shown strong growth in revenue and profit over the past few years, and it plans to use the proceeds for vessel acquisition and working capital.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
ABS Marine Services IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 15 May 2024 — not a current signal.
3 of 4 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
ABS Marine Services IPO Grey Market Premium (GMP) Today
GMP
+₹115.0
GMP %
+78.23%
Est. Listing
₹262.0
Updated: 25 Jul 2026 14:06
About the Company
Founded in October 1992, ABS Marine Services Limited manages offshore vessels and owns five vessels as of December 31, 2023. These include two modern offshore vessels for the oil and gas sector and three harbour vessels for the Indian port sector. The company is divided into four divisions: Ship Ownership, Ship Management, Marine Services, and Port Services. The company currently manages a total of 12 vessels for the government, public companies, private companies and port authorities (as of December 31, 2023). It also provides crew management services for 24 other vessels, including oil tankers, gas carriers, bulk carriers, passenger ships and high-speed vessels. The company owns a fleet of vessels that are fully chartered, managed and manned. These vessels are equipped with state-of-the-art DP-2 multipurpose offshore supply vessels, anchor handling supply vessels, multidisciplinary marine research vessels, coastal research vessels, oceanographic fisheries research vessels, bulk carriers, gas tankers, oil tankers, passenger vessels, high speed craft and harbour vessels. The company has offices in Mumbai and Chennai, India's two largest cities, as well as a branch office in Cochin and a satellite office in Kakinada. In addition, as of December 31, 2023, the company has a network of more than 40 in-house professionals to support it in its work.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 184.81 | 175.53 | 166.63 |
| Total Income | 138.02 | 113.81 | 82.84 |
| Profit After Tax | 23.55 | 9.53 | 8.09 |
| NET Worth | 117.17 | 93.52 | 83.70 |
| Reserves and Surplus | 99.17 | 93.51 | 83.69 |
| Total Borrowing | 45.68 | 48.66 | 61.15 |
Key Ratios
EPS
₹13.09
NAV
₹65.10
ROCE
18.67%
RoNW
20.10%
P/B Value
2.26
P/E Ratio
11.23
Market Cap
₹360.88 Cr
PAT Margin
18.41%
Debt/Equity
0.39
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Seamec Ltd. | 4.45% | 87.81 | 13.2 | 13.2 |
| Shipping Corporation Of India Ltd. | 13.52% | 12.51 | 18.68 | 18.68 |
| ABS Marine Services Limited This IPO | 10.19% | — | 5.29 | 5.29 |
Promoters
P B Narayanan, Shreelatha Narayanan, Arathi Narayanan and Jeevan Krishnan Sanjeevan
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Acquistion of offshore vessel 55.00 2 Funding the working capital requirements of the Company 25.00 3 General corporate purposes 11.29
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income increased from ₹82.84 Cr in the year ending 31 Mar 2022 to ₹113.81 Cr by 31 Mar 2023, and further rose to ₹138.02 Cr by 31 Mar 2024. This shows a consistent growth in revenue over the periods.
Profit Trend
Profit After Tax grew from ₹8.09 Cr in the year ending 31 Mar 2022 to ₹9.53 Cr by 31 Mar 2023, and significantly increased to ₹23.55 Cr by 31 Mar 2024. This indicates a strong upward trend in profitability.
Valuation
ABS Marine Services has an implied P/E ratio of 11.23 at the issue price, compared to peers like Shipping Corporation of India Ltd. trading at a P/E of 12.51 and Seamec Ltd. at 87.81.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected premium of an IPO's listing price over its issue price in the unofficial market. A higher GMP suggests strong demand and potential for listing gains, but it is not guaranteed.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy and risk tolerance. It's essential to consider the company's growth prospects and financial health.
Who May Want to Wait
Investors with a low risk tolerance or those who prefer stable, well-established companies may want to avoid this IPO, as it operates in a sector subject to market fluctuations and regulatory changes.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While many investors hope to benefit from a quick profit, the stock's performance can be influenced by market conditions, investor sentiment, and overall economic factors.
This evaluation is generated from ABS Marine Services's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is ABS Marine Services IPO GMP today?
ABS Marine Services IPO GMP today is +₹115.0 (78.23%), indicating an estimated listing price of ₹262. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of ABS Marine Services IPO?
The price band of ABS Marine Services IPO is ₹140.0–₹147.0 per share.
When does ABS Marine Services IPO open and close?
ABS Marine Services IPO opens on 10 May 2024 and closes on 15 May 2024.
When does ABS Marine Services IPO list on the stock exchange?
ABS Marine Services IPO listed on 21 May 2024 at ₹262.0.
What is the lot size for ABS Marine Services IPO?
The lot size for ABS Marine Services IPO is 1000 shares, requiring a minimum investment of ₹147,000.
What is the price band for the IPO?
The price band for the IPO is ₹140.0 to ₹147.0.
What is the minimum investment required?
The minimum investment required is ₹147,000.
When does the IPO open and close?
The IPO opens on May 10, 2024, and closes on May 15, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO in the grey market.
When is the listing date for the shares?
The listing date for the shares is May 21, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
10 May 2024
Close
15 May 2024
Allotment
16 May 2024
Listing
21 May 2024
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