ABS Marine Services Ltd - IPO

ABS Marine Services Ltd IPO Details

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.

Objective of issue

Acquisition of offshore vessel. Funding the working capital requirements of the company. General corporate purposes.

ABS Marine Services Ltd Contact Details

ABS Marine Services Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 91-22-23010771/23018261

Fax - 91-22-23012517

Email - cs@absmarine.com

Website - www.absmarine.com