ABS Marine Services Ltd

Opens On Closes On
10-May-24 15-May-24
Money Payable On
Application Allotment
147.00 0.00

Minimum Application for shares in Nos : 1000 Further Multiples of : 1000

Lead Managers to the Issue
Project Cost (₹.Cr) 91.29 GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer (₹.Cr) 96.29  
Post Issue Equity Share Capital (₹.Cr) 24.55
Issue Price (₹) 147.00

Acquisition of offshore vessel

Funding the working capital requirements of the company

General corporate purposes

Promoted By
P B Narayanan
Shreelatha Narayanan
Arathi Narayanan
Listing At
Registrar to the Issue
No Data Available
  • Registered Office: Flat # 3 Anugraha Foundation,# 15 Valliammal Road Vepery, Chennai - 600007, Tamil Nadu, India. Phone : +044 4291 4135/155   Fax:
  • Email : cs@absmarine.com
  • Website :www.absmarine.com
Public issue of 65,50,000 equity shares* of face value Rs. 10 each ("Equity Shares") of ABS Marine Services Limited ("The Company" or the "Issuer") for cash at a price of Rs. 147 per equity share (including a securities premium of Rs. 137 per equity share) ("Issue Price"), aggregating up to Rs. 96.27 crores (the "Issue"). 4,10,000 equity shares aggregating to Rs. 6.03 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 61,40,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 147 per equity share aggregating to Rs. 90.26 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.68 % and 25.01 % respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 and issue price is Rs. 147. The issue price is 14.7 times of the face value of the equity share.