ABS Marine Services IPO

ABS Marine's IPO issues 67L shares at INR 10 each, raising 96.29cr for vessel acquisition, working capital & corporate purposes.

Important Details

Open Date : May 10, 2024 Close Date : May 15, 2024 Allotment Date: May 16, 2024 Listing Date: May 21, 2024

Important Details

IPO Price: INR 140-147 per share Lot Size: 1000 shares Total Issue Size: INR 96.29 crores

Fundamental Analysis

ABS Marine Services shows mixed revenue performance:  1. Improved profitability, equity. 2. Declining return on net worth. 3. Increasing total assets, potential growth.

Peer Comparison

1. BS Marine Services: Steady net profit. 2. Shipping Corporation of India: Significant earnings. 3. Seamec Limited: Lower but consistent net profit.


ABS Marine Services main objective is to secure funds for acquiring offshore vessels and meeting working capital needs, supporting operational growth.

Risks And Challenges

ABS Marine Services risks: 1. Regulatory compliance costs. 2. Tender pricing pressures. 3. Onerous contract terms with PSUs. 4. Aging vessels challenge acquisition/sales.