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Abans Holdings Limited IPO (Abans Holdings IPO) Detail

Dec 12, 2022 - Dec 15, 2022

Incorporated in 2009, Abans Holdings Limited is engaged in Financial Services, Gold Refining, Jewellery, Commodities Trading, Agricultural Trading and Warehousing, Software Development and Real Estate. The company represents the financial services arm of the Abans Group.

Abans Holdings Limited provides NBFC services, global institutional trading in equities, commodities and foreign exchange, private client stock broking, depositary services, asset management services, investment advisory services and wealth management services to corporates, institutional and high net worth clients.

The company's business is divided into:

Finance Business: The company operates an RBI Registered NBFC (Non-Deposit taking).

Agency Business: The company is SEBI registered Stock and Commodity Exchange Brokers with memberships across all the major stock exchanges in India, including BSE, NSE, MSEI, MCX, NCDEX and ICEX.

Capital and other Business: The Capital Business includes the internal treasury operations which manage the excess capital funds.

The company is primarily a holding company and we operate all our businesses through our seventeen (17) subsidiaries (including three (3) direct subsidiaries and fourteen (14) indirect/step-down subsidiaries). The company has active businesses in six (6) countries across the Eastern Continents, including Hongkong, the UK, UAE, China, Mauritius and India.

On a consolidated basis the company has employed 100 employees as of August 31, 2022.

Competitive Strengths:

  • An integrated financial services platform.
  • Strong human capital and organizational culture.
  • Global exposure providing innovative financial products.
  • Strong relationships with clients and market participants.
  • Standardized operating procedures and efficient use of technology.

Company Financials

Abans Holdings Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-201212.982771.8839.22499.55318.79
31-Mar-211181.511331.3745.8561.95267.39
31-Mar-221168.69646.2361.97631.1185.9
31-Aug-221230.72288.3129.74678.1776.92
Amount in ₹ Crore

Objects of the Issue

The Objects of the Net Fresh Issue is to raise funds for :

a) Further Investment in the NBFC Subsidiary (Abans Finance Pvt. Ltd.) for financing the augmentation of its capital base to meet its future capital requirements.

b) General Corporate Purpose.

Abans Holdings IPO Details

IPO Date Dec 12, 2022 to Dec 15, 2022
Listing Date Friday, December 23, 2022
Face Value ₹2 per share
Price ₹256 to ₹270 per share
Lot Size 55 Shares
Issue Size12,800,000 shares of ₹2
(aggregating up to ₹345.60 Cr)
Fresh Issue3,800,000 shares of ₹2
(aggregating up to ₹102.60 Cr)
Offer for Sale9,000,000 shares of ₹2
(aggregating up to ₹243.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot more than 10% of the Offer
NII (HNI) Shares OfferedNot less than 30% of the Offer
Retail Shares OfferedNot less than 60% of the Offer
Company Promoters

Mr. Abhishek Bansal is the company promoter.

Abans Holdings IPO Tentative Timetable

Abans Holdings IPO opens on Dec 12, 2022, and closes on Dec 15, 2022. The Abans Holdings IPO bid date is from Dec 12, 2022 10.00 A.M. to Dec 15, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Dec 12, 2022
Closing Date Dec 15, 2022
Basis of Allotment Dec 20, 2022
Initiation of Refunds Dec 21, 2022
Credit of Shares to Demat Dec 22, 2022
Listing Date Dec 23, 2022

Abans Holdings IPO Lot Size

The Abans Holdings IPO lot size is 55 shares. A retail-individual investor can apply for up to 13 lots (715 shares or ₹193,050).

Application Lots Shares Amount
Retail (Min) 1 55 ₹14,850
Retail (Max) 13 715 ₹193,050
S-HNI (Min) 14 770 ₹207,900
B-HNI (Min) 68 3,740 ₹1,009,800

Abans Holdings IPO Promoter Holding

Pre Issue Share Holding 97.42%
Post Issue Share Holding 72.09%

Abans Holdings IPO Review

Based on its recent financial performance, the issue is priced aggressively. It is operating in a highly competitive segment of financial services. IPO allocation of just 10% for QIBs, 30% for HNIs, and 60% for Retail investors raises concern. Well-informed, cash surplus/risk seekers may consider parking funds. Read detail review...


Abans Holdings IPO Subscription Status (Bidding Detail)

The Abans Holdings IPO is subscribed 1.10 times on Dec 15, 2022 7:00:00 PM. The public issue subscribed 0.40 times in the retail category, 4.10 times in the QIB category, and 1.48 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB4.10
NII1.48
    bNII (bids above ₹10L)2.15
    sNII (bids below ₹10L)0.13
Retail0.40
Total1.10

Abans Holdings IPO Prospectus

Abans Holdings IPO Rating

458
3.7
Rating:Rated 3.7 stars
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Abans Holdings IPO Listing Date

Listing Date Friday, December 23, 2022
BSE Script Code 543712
NSE Symbol AHL
Listing In B Group of Securities
ISIN INE00ZE01026
IPO Price ₹270 per share
Face Value ₹2 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹270.00
₹270.00
₹216.00
₹272.00
₹216.05
NSE
₹270.00
₹273.00
₹218.40
₹273.00
₹218.40

Company Contact Information

Abans Holdings Limited
36, 37, 38A
Floor 3, Nariman Bhavan, Backbay Reclamation,
Nariman Point, Mumbai – 400021
Phone: +91 – 22 – 6179 0000
Email: compliance@abansholdings.com
Website: https://abansholdings.com/

Abans Holdings IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Abans Holdings IPO FAQs

Abans Holdings IPO is a main-board IPO of 12,800,000 equity shares of the face value of ₹2 aggregating up to ₹345.60 Crores. The issue is priced at ₹256 to ₹270 per share. The minimum order quantity is 55 Shares.

The IPO opens on Dec 12, 2022, and closes on Dec 15, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Abans Holdings IPO using UPI as a payment gateway. Zerodha customers can apply in Abans Holdings IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Abans Holdings IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Abans Holdings IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Abans Holdings IPO opens on Dec 12, 2022 and closes on Dec 15, 2022.

Abans Holdings IPO lot size is 55 Shares and the minimum order quantity is .

You can apply in Abans Holdings IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Abans Holdings IPO will be done on Dec 20, 2022, and the allotted shares will be credited to your demat account by Dec 22, 2022. Check the Abans Holdings IPO allotment status.

The Abans Holdings IPO listing date is on Friday, December 23, 2022.
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