Bookbuilding IPO | ₹157 Cr | Listed at BSE | Fri, Nov 18, 2005 - Sat, Nov 26, 2005
ABG Shipyard IPO is a book build issue of ₹157.25 crores. The issue is entirely a fresh issue of 0.85 crore shares of ₹157.25 crore.
ABG Shipyard IPO bidding started from Nov 18, 2005 and ended on Nov 26, 2005.
ABG Shipyard IPO is set final issue price at ₹185 per share.
IL&FS Investsmart Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to ABG Shipyard IPO RHP for detailed Information.
IPO Open
Fri, Nov 18, 2005
IPO Close
Sat, Nov 26, 2005
Issue Price
₹185 per share
Market Cap (Pre-IPO)
₹942.05 Cr
| IPO Date | 18 to 26 Nov, 2005 |
| Listed on | Tue, Dec 13, 2005 |
| Face Value | ₹10 per share |
| Price Band | ₹155 to ₹185 |
| Issue Price | ₹185 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Total Issue Size | 85,00,000 shares (agg. up to ₹157 Cr) |
| Fresh Issue | 85,00,000 shares (agg. up to ₹157 Cr) |
| Share Holding Pre Issue | 4,24,21,801 shares |
| Share Holding Post Issue | 5,09,21,801 shares |
| BSE Script Code | 532682 |
| ISIN | INE067H01016 |
ABG Shipyard IPO comprises a total issue size of 85,00,000 shares. The net offer to the public is 83,00,000 shares, after excluding 2,00,000 shares under a preferential allotment. Of the Net offer 49,80,000 (60.00%) are allocated to QIB, 8,30,000 (10.00%) allocated to NII 24,90,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 49,80,000 | 60.00% | 58.59% |
| NII (HNI) Shares Offered | 8,30,000 | 10.00% | 9.76% |
| Retail Shares Offered | 24,90,000 | 30.00% | 29.29% |
| Preferential Reservations | |||
| Employee Shares Offered | 2,00,000 | 2.35% | |
| Total Shares Offered | 85,00,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
Incorporated in 1985, ABG Shipyard Limited is engaged in the shipbuilding and ship repair business, catering to both commercial and government clients in India and overseas.
The company manufactures a wide range of marine vessels, including bulk carriers, deck barges, interceptor boats, anchor handling supply vessels, diving support ships, tugs, and offshore vessels.
The company operates a shipyard at Magdala near Surat, Gujarat, located on the banks of the Tapi River. The facility is equipped with advanced infrastructure such as a shiplift system, dry docks, fabrication shops, CNC-based machinery, and multiple building berths, enabling simultaneous construction and repair of vessels. The shipyard has the capability to build ships up to 155 meters in length and up to 20,000 DWT, along with indoor facilities for aluminium vessels.
ABG Shipyard employs modular construction and advanced outfitting techniques to enhance efficiency and optimize resources. It has delivered over 88 ships since 1990 and continues to execute orders for domestic and international customers across sectors such as oil, defence, and shipping.
The company is also expanding its capacity through a new shipbuilding facility at Dahej, Gujarat, aimed at constructing larger and more complex vessels. Its revenue streams include shipbuilding as well as ship repair and conversion services, which typically offer higher margins.
The company serves a diverse customer base and operates through its registered office in Surat and corporate office in Mumbai, which manages finance, procurement, design, and marketing functions.
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 425.20 | 263.30 | 177.30 |
| Total Income | 216.00 | 304.10 | 207.20 |
| Profit After Tax | 32.60 | 50.30 | 7.20 |
| NET Worth | 242.90 | 98.80 | 48.50 |
| Reserves and Surplus | 255.00 | 121.90 | 93.40 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Cost of setting up a new shipyard (including margin money) | 400.00 |
| 2 | Incremental Working Capital Margin for existing business | 50.00 |
| 3 | General Corporate purposes | 30.55 |
| 4 | Issue Expenses | 11.70 |
| Total | 492.25 |
| KPI | Sep 30, 2005 | Mar 31, 2005 |
|---|---|---|
| RoNW | 50.91% | |
| Price to Book Value | 3.23 | 6.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.86 | 12.80 |
| P/E (x) | 15.6 | 14.45 |
| Promoter Holding | 68.3% | 56.9% |
| Market Cap | ₹942.05 Cr. |
The ABG Shipyard IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 54.85 | 85,00,000 | 46,62,50,412 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management, underwriting and selling commission | 7.00 |
| 2 | Advertisement and Marketing expenses | 2.20 |
| 3 | Printing and stationery | 2.00 |
| 4 | Others (Registrars fee, legal fee, listing fee, etc) | 0.50 |
| Total | 11.70 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹185.00 |
| Open | ₹280.00 |
| Low | ₹261.55 |
| High | ₹298.00 |
| Last Trade | ₹272.40 |
Lead Manager Reports
ABG Shipyard IPO is a main-board IPO of 85,00,000 equity shares of the face value of ₹10 aggregating up to ₹157 Crores. The issue is priced at ₹185 per share. The minimum order quantity is .
The IPO opens on Fri, Nov 18, 2005, and closes on Sat, Nov 26, 2005.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in ABG Shipyard IPO using UPI as a payment gateway. Zerodha customers can apply in ABG Shipyard IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ABG Shipyard IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ABG Shipyard IPO opens on Fri, Nov 18, 2005 and closes on Sat, Nov 26, 2005.
ABG Shipyard IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in ABG Shipyard IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for ABG Shipyard IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the ABG Shipyard IPO allotment status.
The ABG Shipyard IPO listing date is on .
