ABS Marine Services Ltd IPO

Its business is dependent on a few of the company's clients who contribute to majority of its revenues from operations. Any loss of business from them may adversely affect its revenues and profitability.

Revenue from a vessel is directly proportional to the type of the vessel. Under-utilisation of its largest vessels could affect its cash flows, revenues and results of operations

If the company is unable to collect its dues and receivables from the company's customers, its results of operations and cash flows could be materially and adversely affected.

Its operating costs may increase as the company vessels age and its may have to make unexpected capital expenditures in order to maintain its fleet or comply with the evolving regulatory requirements.

Limited availability of vessels for purchase in the secondary market at the right time and increase in purchase prices of vessels in the secondary market may affect its financial condition. Its inability to sell vessels at an appropriate time may also adversely affect its results of operations and financial condition.

Defects in vessels acquired in the secondary market may not be apparent prior to purchase.

Failure to implement its growth strategy to provide services.

The COVID-19 pandemic has affected and may continue to materially affect its financial performance in future periods and it may otherwise have material adverse effects on the company's business, results of operations, financial condition, and/ or its cash flows.

An increase in fuel prices or other operating costs would have an adverse impact on its profit margins.

The failure of its counterparties to meet their obligations to the company under any charter agreements or its failure to account for exceptional circumstances could cause the company to suffer losses or otherwise adversely affect its business.