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ABS Marine Services IPO Makes Waves with 6.14x Subscription on Day Two!

ABS Marine Services IPO sustained strong interest on day two, achieving a 6.14 times subscription rate, highlighting robust investor enthusiasm and optimism for the company's market introduction.
ABS Marine Services IPO Makes Waves with 6.14x Subscription on Day Two!
ABS Marine Services IPO Makes Waves with 6.14x Subscription on Day Two!

ABS Marine service IPO continued to draw attention on its second day, registering a subscription rate of 6.14 times. This robust uptake underscores the strong investor interest and positive sentiment surrounding the company’s market debut.

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How To Check ABS Marine Service Limited IPO Subscription Status? 

Steps to check the IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the ABS Marine Service Limited IPO to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

ABS Marine Service Limited IPO Allotment Status

The allotment date for the ABS Marine Service Limited IPO is set for May 16, 2024, with shares priced at a range of ₹140 to ₹147 per share and a face value of ₹10. The offering consists of lots of 1000 shares, with bids accepted for these lots or their multiples.

ABS Marine Service Limited IPO Subscription Status

ABS Marine Service IPO saw a subscription rate of 1.13 times on Day 1, showing a slightly above-average interest from investors as they began to gauge the company’s market potential and future growth prospects.

ABS Marine Service Limited IPO Listing Date 

ABS Marine Service Limited IPO is expected to be listed on the NSE SME on May 21, 2024.

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