ABS Marine Services IPO vs Slone Infosystems IPO

Comparision between ABS Marine Services IPO and Slone Infosystems IPO.

IPO Details

ABS Marine Services IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Slone Infosystems IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	ABS Marine Services IPO	Slone Infosystems IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	GYR Capital Advisors Private Limited	Jawa Capital Services Private Limited
Registrar	Purva Sharegistry India Pvt Ltd	Kfin Technologies Limited
Market Maker	Giriraj Stock Broking Private Limited	Aftertrade Broking Pvt Ltd
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of ABS Marine Services IPO is up to ₹96.29 Cr whereas the issue size of the Slone Infosystems IPO is up to ₹11.06 Cr. The final issue price of ABS Marine Services IPO is ₹147.00 per share and of Slone Infosystems IPO is ₹79.00 per share.

	ABS Marine Services IPO	Slone Infosystems IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹140.00 per share
Issue Price (Upper)	₹147.00 per share
Issue Price (Final)	₹147.00 per share	₹79.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1600 shares
Fresh Issue Size	65,50,000 shares	14,00,000 shares
Fresh Issue Size (Amount)	up to ₹96.29 Cr	up to ₹11.06 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	65,50,000 shares	14,00,000 shares
Issue Size Total (Amount)	up to ₹96.29 Cr	up to ₹11.06 Cr

IPO Timetable

ABS Marine Services IPO opens on May 10, 2024, while Slone Infosystems IPO opens on May 03, 2024. The closing date of ABS Marine Services IPO and Slone Infosystems IPO is May 15, 2024, and May 07, 2024, respectively.

	ABS Marine Services IPO	Slone Infosystems IPO
Anchor Bid Date	May 09, 2024
Issue Open	May 10, 2024	May 03, 2024
Issue Close	May 15, 2024	May 07, 2024
Basis Of Allotment (Tentative)	May 16, 2024	May 08, 2024
Initiation of Refunds (Tentative)	May 17, 2024	May 09, 2024
Credit of Share (Tentative)	May 17, 2024	May 09, 2024
Listing date (Tentative)	May 21, 2024	May 10, 2024
Anchor Lockin End date 1	Jun 15, 2024
Anchor Lockin End date 2	Aug 14, 2024

Financials

ABS Marine Services IPO P/E ratio is 11.23, as compared to Slone Infosystems IPO P/E ratio of 40.94.

ABS Marine Services IPO

Slone Infosystems IPO

Financial

ABS Marine Services Limited Financial Information (Restated Consolidated)

ABS Marine Services Limited's revenue increased by 21.27% and profit after tax (PAT) rose by 147.22% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	18,480.99	17,552.50	16,663.28
Revenue	13,801.89	11,380.78	8,283.98
Profit After Tax	2,355.41	952.74	809.43
Net Worth	11,717.39	9,352.42	8,370.01
Reserves and Surplus	9,917.39	9,351.42	8,369.01
Total Borrowing	4,567.96	4,866.29	6,114.77
Amount in ₹ Lakhs

Slone Infosystems Limited Financial Information (Restated)

Slone Infosystems Limited's revenue increased by 15.73% and profit after tax (PAT) rose by 94.88% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,978.58	1,190.71	1,167.37	929.41
Revenue	3,434.86	3,077.40	2,659.14	1,157.44
Profit After Tax	284.72	74.66	38.31	27.54
Net Worth	1,187.51	210.49	228.70	189.61
Reserves and Surplus	800.61	25.94
Total Borrowing	642.66	681.53	921.15	726.10
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.50%

99.43%

Promoter Shareholding (Post-Issue)

63.42%

73.01%

P/E Ratio

11.23

40.94

Market Cap

₹360.88 Cr.

₹41.63 Cr.

ROE

74%%

ROCE

18.67%%

34.44%%

Debt/Equity

0.39

0.33

EPS

₹13.09

₹1.93

RoNW

20.10%%

23.98%%

Shares Offered

In the ABS Marine Services IPO retail investors (RII) are offered 21,49,000 shares while in Slone Infosystems IPO retail investors are offered 21,49,000 shares. Qualified institutional buyers (QIB) are offered 12,28,000 shares in ABS Marine Services IPO and 0 shares in Slone Infosystems IPO.

	ABS Marine Services IPO	Slone Infosystems IPO
Anchor Investor Reserveration	18,41,000 shares
Market Maker Reserveration	4,10,000 shares	70,400 shares
QIB	12,28,000 shares	0 shares
NII	9,22,000 shares	6,64,000 shares
RII	21,49,000 shares	6,65,600 shares
Employee	0 shares	0 shares
Others
Total	42,99,000 shares	13,29,600 shares

Bids Received (Subscription)

ABS Marine Services IPO subscribed 144.44x in total, whereas Slone Infosystems IPO subscribed 667.81x.

	ABS Marine Services IPO	Slone Infosystems IPO
QIB (times)	109.30x
NII (times)	270.94x	756.88x
Big NII (times)
Small NII (times)
RII (times)	110.24x	540.80x
Employee (times)
Other (times)
Total (times)	144.44x	667.81x

Compare with others

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Emmforce Autotech IPO	Mandeep Auto Industries IPO
Birdy's IPO	ABS Marine Services IPO

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