The SME IPO of ABS Marine Services and products opened for subscription this day and ought to restful terminate on Can also 15. The firm targets to take about Rs 96.5 crore by the SME IPO and checklist the shares on NSE SME platform. Listed below are 10 key issues investors prefer to know about the general public offer before subscribing to the say.
1) About ABS Marine Services and products
ABS Marine Services and products is a in point of fact constructed-in firm with in-residence complete vessel management including commercial management. It offers crew management services to ships comprising oil tankers, gas tankers, bulk carriers, passenger vessels, offshore reinforce vessels, harbour crafts and excessive creep crafts.
2) Alternate overview
India is strategically positioned on the sphere’s transport routes with a coastline of roughly 7,517 km. As of 2021, the country owns over 30% world market piece in the ship breaking industry and is home to the ideal ship-breaking facility in the sphere at Alang.
3) ABS Marine Services and products IPO dimension
The IPO is fully a recent equity say of 65.5 lakh shares and by the say, the firm targets to take nearly Rs 96.3 crore.
4) ABS Marine Services and products IPO trace band
The firm is offering its shares at Rs 140-147 apiece, and investors can sing for 1000 shares in 1 lot.
5) ABS Marine Services and products IPO monetary efficiency
For the duration ended March 2024, the firm clocked revenues of Rs 135 crore and win profit of Rs 23.55 crore.
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6) Objects of the offer
The win proceeds from the general public offer shall be weird and wonderful for aquire of procedure, to fulfill working capital necessities and other general corporate capabilities.
7) Lead managers and Registrar
GYR Capital is acting because the lead manager to the say and Purva Sharegistry India is the registrar.
8) Declare structure
About 50% of the offer is reserved for QIB investors and the the leisure 35% for retail investors and the the leisure 15% for non-retail investors.
9) Essential dates
The IPO opened on Can also 10 and ought to restful terminate on Can also 15. The closing piece is on the full made on Can also 16. The firm's shares will likely catch listed on Can also 21.
10) AB Marine Services and products GMP
Previous to the say opening, the firm's shares are trading with a GMP of Rs 60 in the unlisted market.