ABS Marine Services has initiated its Initial Public Offering (IPO), valued at Rs 96.29 crores, as a book-built issue consisting solely of fresh shares amounting to 65.5 lakh. Commencing on May 10, 2024, the subscription for the IPO will run until May 15, 2024, with the final allotment expected to be confirmed on Thursday, May 16, 2024.
The IPO is slated to be listed on the NSE SME on Tuesday, May 21, 2024. The price band for the ABS Marine Services IPO is established at ₹140 to ₹147 per share, with a minimum lot size set at 1000 shares, necessitating a minimum investment of ₹147,000 for retail investors. High Net Worth Individuals (HNIs) are required to invest in a minimum of 2 lots, totaling 2,000 shares, amounting to ₹294,000.
GYR Capital Advisors Private Limited serves as the book running lead manager, while Purva Sharegistry India Pvt Ltd undertakes the role of registrar for the issue. Giriraj Stock Broking and Commodity Mandi act as the market makers for the ABS Marine Services IPO.
The Issue is a Fresh Issue of 65,50,000 Equity Shares, aggregating up to ₹96.29 Cr. by the Company
Company proposes to utilize the Net Proceeds towards:
Company considers acquiring vessels when they believe there is a demand for vessels in a particular segment in the industry. They may, however, utilise the new vessels to increase fleet size or replace an existing vessel which may require replacement with a new one due to day to day wear and tear.
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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