ABS Marine Services Limited IPO GMP Today, Price Range and Company Details

ABS Marine Services IPO features a ₹60 Grey Market Premium and is priced at ₹140 to ₹147 per share. Available in lots of 1000, the subscription runs from May 10 to May 15, 2024.
ABS Marine Services Limited IPO GMP Today, Price Range and Company Details

As of May 9, 2024, ABS Marine Services IPO  has ₹60 as Grey Market Premium, with a price range of ₹140 to ₹147 per share. Offering lots of 1000 shares, the subscription window is open from May 10, 2024 to May 15, 2024.

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ABS Marine Services Limited GMP Today

The Grey Market Premium (GMP) for ABS Marine Services Limited is ₹60 as of May 9, 2024. This assessment coincides with a price of ₹140 to ₹147 per share for the IPO.

ABS Marine Services Limited IPO Review

ABS Marine Services Technologies exhibited fluctuating financial results, with revenue increasing initially but later falling below expectations. Notably, their revenue rose from ₹5,748.59 lakhs in March 2022 to ₹9,489.12 lakhs in March 2023 but then dipped to ₹5,033.16 lakhs by October 2023.

Despite this, the company’s profitability and assets grew, boosting investor confidence. Equity and liabilities consistently rose, showing potential for expansion. Profits after tax climbed significantly from ₹1,025.31 lakhs in March 2022 to ₹1,370.87 lakhs by October 2023, with a corresponding increase in EPS and RoNW, underscoring enhanced shareholder returns.

ABS Marine Services Limited IPO Date

ABS Marine Services Limited will start accepting subscriptions from May 10, 2024 to May 15, 2024.

ABS Marine Services Limited IPO Price

ABS Marine Services Limited’s price range is ₹140 to ₹147 per share with a face value of ₹10 each.

ABS Marine Services Limited

ABS Marine Services, led by Capt. P B Narayanan, operates five owned and 12 managed vessels, and handles crew management for 24 ships, including oil tankers and passenger ships. Their diverse fleet and in-house management serve various sectors, with ten strategic contracts, including one with MOES, accounting for 23.50% of revenue.

How To Apply For ABS Marine Services Ltd IPO?

To apply for the ABS Marine Services through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for ABS Marine Services on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the ABS Marine Services IPO at Alice Blue in just a few clicks!

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