The ABS Marine Services IPO is a significant event in the offshore vessel management and seafarer/port-related services sector. The company, which provides services to ships comprising oil tankers, gas tankers, bulk carriers, passenger vessels, offshore support vessels, harbor crafts and high-speed crafts, is offering a fresh issue of 65.5 lakh shares, amounting to Rs 96.29 crores.
The subscription period for the ABS Marine Services IPO begins on May 10, 2024, and concludes on May 15, 2024. The allotment of shares is anticipated to be completed by May 16, 2024. The IPO will be listed on the NSE SME platform, with a tentative listing date of May 21, 2024.
Investors can participate in the ABS Marine Services IPO at a price band of ₹140 to ₹147 per share. The minimum lot size for retail investors is 1000 shares, requiring an investment of ₹147,000. High Net Worth Individuals (HNIs) can invest a minimum of ₹294,000 for 2 lots, equivalent to 2,000 shares.
GYR Capital Advisors Private Limited is the lead manager for the ABS Marine Services IPO, ensuring the smooth running of the book. Purva Sharegistry India Pvt Ltd is the registrar for the issue, handling all administrative aspects. Giriraj Stock Broking and Commodity Mandi are the market makers for the ABS Marine Services IPO, providing liquidity and stability to the shares post-listing.
Stay tuned for more updates on the ABS Marine Services IPO and don’t miss the chance to invest in the future of ABS Marine Services, a key player in the offshore vessel management and seafarer/port-related services sector.
IPO Details :
| Company Name | ABS Marine Services |
| Sector | Hydrocarbons |
| IPO Type | SME |
| IPO Open date | 10th May 2024 |
| IPO Close date | 14th May 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,47,000 |
| HNI (Min) | 2 | 2000 | 2,94,000 |
IPO Timeline:
| IPO Open Date | 10th May 2024 |
| IPO Close Date | 14th May 2024 |
| Basis of Allotment | 15th May 2024 |
| Refund Initiation Date | 16th May 2024 |
| Shares Credit to Demat | 17th May 2024 |
| Listing Date | 17th May 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
