{"id":26825,"date":"2024-05-09T10:51:44","date_gmt":"2024-05-09T05:21:44","guid":{"rendered":"https:\/\/marudharchronicle.com\/index.php\/2024\/05\/09\/abs-marine-services-limiteds-ipo-opens-on-may-10-2024\/"},"modified":"2024-05-09T10:51:44","modified_gmt":"2024-05-09T05:21:44","slug":"abs-marine-services-limiteds-ipo-opens-on-may-10-2024","status":"publish","type":"post","link":"https:\/\/marudharchronicle.com\/index.php\/2024\/05\/09\/abs-marine-services-limiteds-ipo-opens-on-may-10-2024\/","title":{"rendered":"ABS Marine Services Limited\u2019s IPO Opens on May 10, 2024"},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], May 9:<\/strong> ABS Marine Services\u00a0Limited,\u00a0aformidable\u00a0force in the maritime industry,\u00a0has announced its plan to go public with an Initial Public Offering on\u00a0May\u00a010, 2024.\u00a0The company is aiming to raise\u00a0\u20b9\u00a096.28\u00a0Crores\u00a0at\u00a0upper price band\u00a0through\u00a0this IPO, with shares set to be listed on the\u00a0NSE\u00a0Emerge.<\/p>\n<p>The issue size is Up\u00a0to\u00a065,50,000\u00a0equity\u00a0shares at face value of\u00a0\u20b9\u00a010 each.\u00a0<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<ul>\n<li>QIB Anchor Portion \u2013 Up To\u00a018,41,000\u00a0Equity Shares<\/li>\n<li>Qualified Institutional Buyers (QIB) \u2013 Up To\u00a012,28,000\u00a0Equity Shares<\/li>\n<li>Non-Institutional Investors (NII) \u2013\u00a0Up To\u00a09,22,000\u00a0Equity Shares<\/li>\n<li>Retail Individual Investors (RII) \u2013\u00a0Up To\u00a021,49,000\u00a0Equity Shares<\/li>\n<li>Market Maker \u2013\u00a0Up To\u00a04,10,000\u00a0Equity Shares<\/li>\n<\/ul>\n<p>The net proceeds from the IPO will be utilized\u00a0for\u00a0acquisitionof off shore vessel,\u00a0funding the working capital requirements of\u00a0the\u00a0company and general corporate purposes.\u00a0The bidding for the Anchor portion will open on\u00a0May 09, 2024,\u00a0the\u00a0issue will\u00a0open\u00a0for subscription\u00a0on\u00a0May\u00a010, 2024\u00a0and closes on\u00a0May 15, 2024. \u00a0\u00a0<\/p>\n<p>The\u00a0Book Running\u00a0Lead Manager to the Issue\u00a0is\u00a0GYR Capital Advisors Private Limited.\u00a0The Registrar to the Issue is\u00a0Purva\u00a0Sharegistry\u00a0(India) Private Limited.<\/p>\n<p>Captain P B Narayanan,\u00a0Chairman and\u00a0Managing Director\u00a0of\u00a0ABS Marine Services Limited\u00a0stated,\u00a0\u201cWe are marking\u00a0a significant stride in our growth journey.\u00a0This move reflects our confidence in the capabilities of our company and our dedication to seizing new opportunities to strengthen our market position. With three decades of expertise, a fully owned fleet, and strategically positioned offices, we are committed to providing diverse services around the globe.<\/p>\n<p>This decision marks a pivotal moment for us, amplifying both our corporate standing and the recognition of the\u00a0ABS\u00a0Marine Services Limited\u00a0brand. We\u00a0envision this initiative yielding numerous advantages, ultimately adding significant value to our company as a whole\u201d.<\/p>\n<p>\u00a0Mr. Mohit Baid, Director of GYR Capital Advisors Private Limited stated, \u201cABS Marine Services Limited\u2019s decades of expertise and in-house vessel facilities have positioned the company as a beacon of excellence in providing comprehensive services within the maritime industry worldwide. With emerging government initiatives like Make in India and evolving market trends, the company is poised for substantial growth. The upcoming IPO presents an exciting opportunity to capitalize on these emerging initiatives and market dynamics. We extend our best wishes to ABS Marine Services Limited as they embark on this significant milestone in their journey\u201d.<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], May 9: ABS Marine Services\u00a0Limited,\u00a0aformidable\u00a0force in the maritime industry,\u00a0has announced its plan to go public with an Initial Public Offering on\u00a0May\u00a010, 2024.\u00a0The&hellip; <\/p>\n","protected":false},"author":1,"featured_media":26826,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[656],"class_list":["post-26825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/26825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/comments?post=26825"}],"version-history":[{"count":0,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/26825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/media\/26826"}],"wp:attachment":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/media?parent=26825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/categories?post=26825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/tags?post=26825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}