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15 Days Price Change

ABS Marine Services IPO

Closing In

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WEBSITE Inc. Year: 1992 Industry: Shipping Listed Page

Profile
Issue Size --
Profile
Price Range 140  to  147 per share
Profile
Min Investment ₹147
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

ABS Marine Services Ltd is a leading maritime solutions provider specializing in vessel management, crewing, and marine consultancy. Established with a commitment to excellence, ABS Marine offers comprehensive services to meet the diverse needs of the shipping industry. With a focus on safety, efficiency, and customer satisfaction, the company delivers tailored solutions to clients worldwide. Their extensive network of experienced professionals ensures seamless operations, from crew recruitment to technical management, and regulatory compliance. Utilizing cutting-edge technology and industry expertise, ABS Marine Services Ltd remains at the forefront of maritime innovation, providing reliable and cost-effective solutions to optimize vessel performance and maximize client value. Read More

Basic Info

Face Value 10 per share

Price 140  to  147 per share

P/E (x) 12.9

Sales( Cr.) 180

PAT( Cr.) 27

EPS 11.4

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Capt. P B Narayanan Shreelatha Narayanan Arathi Narayanan Capt. Jeevan Krishnan Sanjeevan

Pre Issue Share Holding 86.5%

Post Issue Share Holding 63.42%

Listing Details:

Listing Price: 294

Listing Gain: 50%

Current Price: 285.2

Gain On Issue: 285.2 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date May 10, 2024
Closing Date May 15, 2024
Allotment May 16, 2024
Refund May 17, 2024
Delivery of Shares May 17, 2024
Listing Date May 20, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1000 147,000
Retail (Max) 1 1000 147,000
S-HNI (Min) 2 2000 294,000
S-HNI (Max) 6 6000 882,000
B-HNI (Min) 7 7000 1,029,000

Objective of the Issue

1. Acquistion of off shore vessel 2. Funding the working capital requirements of the Company 3. General corporate purposes

Issue

Category Nos Bid Bid (x)
QIB 3275000 357957500 109.3x
NII 982500 266198550 270.9x
Retail 2292500 252725200 110.2x
EMP 0 0 0x
Total 6550000 946082000 144.4x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

ABS Marine Services Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 89 72 112 135 180
Other Income 3 11 2 3 4
Total Income 92 83 114 138 184
Total Expenditure 67 52 84 93 130
Operating Profit 25 31 30 45 55
Interest 4 5 4 5 6
Depreciation 18 16 13 14 13
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 3 10 12 26 37
Provision for Tax 1 2 2 1 9
Profit After Tax 2 8 10 25 27
Adjustments 0 -0 -1 -2 -0
Profit After Adjustments 2 8 10 24 27
Adjusted Earnings Per Share 1.2 4.5 5.3 13.1 11.1

ABS Marine Services Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 75 84 94 117 230
Minority's Interest 7 7 8 10 10
Borrowings 65 44 29 27 139
Other Non-Current Liabilities -2 -1 -2 -9 -7
Total Current Liabilities 34 31 43 30 52
Total Liabilities 180 165 171 175 424
Fixed Assets 119 91 86 82 183
Other Non-Current Assets 7 14 33 30 18
Total Current Assets 54 59 53 63 223
Total Assets 180 165 171 175 424

ABS Marine Services Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 11 5 6 13 1
Cash Flow from Operating Activities 5 15 5 11 45
Cash Flow from Investing Activities -15 15 19 -15 -235
Cash Flow from Financing Activities 4 -29 -17 -7 193
Net Cash Inflow / Outflow -5 1 7 -11 3
Closing Cash & Cash Equivalent 5 6 13 1 4

ABS Marine Services Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.18 4.52 5.29 13.1 11.05
CEPS(Rs) 0 0 0 21.64 16.22
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 41.93 46.5 52.01 65.19 93.87
Core EBITDA Margin(%) 24.64 27.59 24.85 30.94 27.9
EBIT Margin(%) 8.1 20.7 14.95 23.06 23.4
Pre Tax Margin(%) 3.04 14.42 11.01 19.48 20.3
PAT Margin (%) 2.35 11.76 9.16 18.82 15.15
Cash Profit Margin (%) 22.72 34.3 21.05 28.82 22.14
ROA(%) 1.16 4.89 6.08 14.68 9.09
ROE(%) 2.75 10.59 11.52 24.12 15.67
ROCE(%) 4.45 9.69 11.62 20.41 14.72
Receivable days 63.68 71.63 60.32 75.98 88.87
Inventory Days 0 0 0 0 0
Payable days 0 0 0 0 0
PER(x) 0 0 0 0 8.41
Price/Book(x) 0 0 0 0 0.99
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.73 0.69 0.27 0.42 1.58
EV/Core EBITDA(x) 2.57 1.6 1.02 1.27 5.21
Net Sales Growth(%) 0 -19.11 55.77 21.14 33.07
EBIT Growth(%) 0 106.65 12.52 86.75 35.03
PAT Growth(%) 0 305.77 21.24 149.01 7.13
EPS Growth(%) 0 282.39 17 147.53 -15.63
Debt/Equity(x) 1.13 0.73 0.52 0.39 0.77
Current Ratio(x) 1.56 1.93 1.23 2.07 4.27
Quick Ratio(x) 1.56 1.93 1.23 2.07 4.27
Interest Cover(x) 1.6 3.29 3.79 6.44 7.56
Total Debt/Mcap(x) 0 0 0 0 0.78

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 33% 36% 0% 0%
Operating Profit CAGR 22% 21% 0% 0%
PAT CAGR 8% 50% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 103% NA% NA% NA%
ROE Average 16% 17% 13% 13%
ROCE Average 15% 16% 12% 12%

Company Contact Information

ABS Marine Services Ltd.

No 36 Venugopal Avenue Off Spur Tank Road Chetpat

IPO Lead Manager(s)

ABS Marine Services Ltd.

GYR Capital Advisors Pvt Ltd.

Registrar Info

ABS Marine Services Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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