ABS Marine Services IPO vs Storage Technologies Racks and Rollers IPO

Comparision between ABS Marine Services IPO and Storage Technologies Racks and Rollers IPO.

IPO Details

ABS Marine Services IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Storage Technologies Racks and Rollers IPO is a SME Book Built Issue proposed to list at BSE SME.

	ABS Marine Services IPO	Storage Technologies Racks and Rollers IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	GYR Capital Advisors Private Limited	Oneview Corporate Advisors Pvt. Ltd.
Registrar	Purva Sharegistry India Pvt Ltd	Integrated Registry Management Services Private Limited
Market Maker	Giriraj Stock Broking Private Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	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 Storage Technologies Racks and Rollers IPO is up to ₹29.95 Cr. The final issue price of ABS Marine Services IPO is ₹147.00 per share and of Storage Technologies Racks and Rollers IPO is ₹78.00 per share.

	ABS Marine Services IPO	Storage Technologies Racks and Rollers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹140.00 per share	₹73.00 per share
Issue Price (Upper)	₹147.00 per share	₹78.00 per share
Issue Price (Final)	₹147.00 per share	₹78.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1600 shares
Fresh Issue Size	65,50,000 shares	38,40,000 shares
Fresh Issue Size (Amount)	up to ₹96.29 Cr	up to ₹29.95 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	65,50,000 shares	38,40,000 shares
Issue Size Total (Amount)	up to ₹96.29 Cr	up to ₹29.95 Cr

IPO Timetable

ABS Marine Services IPO opens on May 10, 2024, while Storage Technologies Racks and Rollers IPO opens on Apr 30, 2024. The closing date of ABS Marine Services IPO and Storage Technologies Racks and Rollers IPO is May 15, 2024, and May 03, 2024, respectively.

	ABS Marine Services IPO	Storage Technologies Racks and Rollers IPO
Anchor Bid Date	May 09, 2024	Apr 29, 2024
Issue Open	May 10, 2024	Apr 30, 2024
Issue Close	May 15, 2024	May 03, 2024
Basis Of Allotment (Tentative)	May 16, 2024	May 06, 2024
Initiation of Refunds (Tentative)	May 17, 2024	May 07, 2024
Credit of Share (Tentative)	May 17, 2024	May 07, 2024
Listing date (Tentative)	May 21, 2024	May 08, 2024
Anchor Lockin End date 1	Jun 15, 2024	Jun 05, 2024
Anchor Lockin End date 2	Aug 14, 2024	Aug 04, 2024

Financials

ABS Marine Services IPO P/E ratio is 11.23, as compared to Storage Technologies Racks and Rollers IPO P/E ratio of 48.45.

ABS Marine Services IPO

Storage Technologies Racks and Rollers 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

Storage Technologies & Automation Ltd Financial Information (Restated Consolidated)

Storage Technologies & Automation Ltd's revenue increased by 16.42% and profit after tax (PAT) rose by 335.72% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,375.77	4,004.01	3,567.70	3,113.04
Revenue	5,317.09	8,137.12	6,989.72	4,852.38
Profit After Tax	358.91	48.30	-20.49	118.42
Net Worth	953.52	594.61	546.31	566.81
Reserves and Surplus	653.52	294.61	246.31	466.81
Total Borrowing	1,632.53	931.63	871.10	347.48
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.50%

100.00%

Promoter Shareholding (Post-Issue)

63.42%

70.09%

P/E Ratio

11.23

48.45

Market Cap

₹360.88 Cr.

ROE

46.37%%

ROCE

18.67%%

22.52%%

Debt/Equity

0.39

EPS

₹13.09

₹11.96

RoNW

20.10%%

37.64%%

Shares Offered

In the ABS Marine Services IPO retail investors (RII) are offered 21,49,000 shares while in Storage Technologies Racks and Rollers 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 7,28,000 shares in Storage Technologies Racks and Rollers IPO.

	ABS Marine Services IPO	Storage Technologies Racks and Rollers IPO
Anchor Investor Reserveration	18,41,000 shares	10,89,600 shares
Market Maker Reserveration	4,10,000 shares	2,00,000 shares
QIB	12,28,000 shares	7,28,000 shares
NII	9,22,000 shares	5,47,200 shares
RII	21,49,000 shares	12,75,200 shares
Employee	0 shares	0 shares
Others
Total	42,99,000 shares	25,50,400 shares

Bids Received (Subscription)

ABS Marine Services IPO subscribed 144.44x in total, whereas Storage Technologies Racks and Rollers IPO subscribed 278.82x.

	ABS Marine Services IPO	Storage Technologies Racks and Rollers IPO
QIB (times)	109.30x	117.86x
NII (times)	270.94x	577.02x
Big NII (times)
Small NII (times)
RII (times)	110.24x	242.74x
Employee (times)
Other (times)
Total (times)	144.44x	278.82x

Compare with others

ABS Marine Services IPO	Storage Technologies Racks and Rollers IPO
Slone Infosystems IPO	Refractory Shapes IPO
Sai Swami Metals and Alloys IPO	Winsol Engineers IPO
Amkay Products IPO	Slone Infosystems IPO
Storage Technologies Racks and Rollers IPO	Sai Swami Metals and Alloys IPO
Mandeep Auto Industries IPO	Amkay Products IPO
Shivam Chemicals IPO	Mandeep Auto Industries IPO
Varyaa Creations IPO	ABS Marine Services IPO
Faalcon Concepts IPO	Shivam Chemicals IPO
Emmforce Autotech IPO	Varyaa Creations IPO
Birdy's IPO	Faalcon Concepts IPO

Comments

Add a public comment...