On the last day of subscription for ABS Marine Services IPO, the total subscription reached 144.44 times, with QIB subscribing 109.30 times, non-institutional buyers 270.94 times, and retail investors 110.24 times, as per chittogarh.com.
The IPO a book-built issue raising Rs 96.29 crore through a fresh issue of 65.5 lakh shares, closed for subscription on May 15. The IPO price range was set between Rs 140 and Rs 147 per share, with a minimum investment requirement of Rs 147,000.
The allotment for the ABS Marine Services IPO is expected to be finalised on Thursday, May 16.
Investors can check the ABS Marine Services IPO allotment status on the official website of Purva Sharegistry India Pvt Ltd., the registrar for the issue.
Mentioned below are the steps to check ABS Marine Services IPO allotment status on Purva Sharegistry.
Visit the Purva Sharegistry website here: https://www.purvashare.com/investor-service/ipo-query
Select "ABS Marine Services Limited" from the company drop-down menu.
Enter your application number or PAN number.
Click on the "Search" button.
View your allotment details.
Download/print the allotment status for your records.
ABS Marine Services Limited will list at NSE SME on Tuesday, May 21.
ABS Marine Services IPO Timeline (Tentative Schedule)
IPO Open Date: Friday, May 10
IPO Close Date: Wednesday, May 15
Basis of Allotment: Thursday, May 16
Initiation of Refunds: Friday, May 17
Credit of Shares to Demat: Friday, May 17
Listing Date: Tuesday, May 21
Investors who received shares will have their demat accounts credited on May 17. The refund procedure will begin on the same day, as soon as the allotment is finalised.
About ABS Marine Services Limited
ABS Marine Services Limited, incorporated in October 1992, owns five vessels and manages 12 others, including those for government and private companies. They also provide crew management for 24 vessels. The company operates in four divisions: Ship Management, Ship Owning, Marine Services, and Port Services. They have offices in Mumbai, Chennai, Cochin, and Kakinada, supported by over 40 professionals.
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