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Abans Holdings Limited IPO (Abans Holdings IPO) Detail

December 12, 2022 - December 15, 2022

Abans Holdings IPO is a book built issue of Rs 345.60 crores. The issue is a combination of fresh issue of 0.38 crore shares aggregating to Rs 102.60 crores and offer for sale of 0.9 crore shares aggregating to Rs 243.00 crores.

Abans Holdings IPO bidding started from December 12, 2022 and ended on December 15, 2022. The allotment for Abans Holdings IPO was finalized on Tuesday, December 20, 2022. The shares got listed on BSE, NSE on December 23, 2022.

Abans Holdings IPO price band is set at ₹256 to ₹270 per share. The minimum lot size for an application is 55 Shares. The minimum amount of investment required by retail investors is ₹14,850. The minimum lot size investment for sNII is 14 lots (770 shares), amounting to ₹207,900, and for bNII, it is 68 lots (3,740 shares), amounting to ₹1,009,800.

Aryaman Financial Services Limited is the book running lead manager of the Abans Holdings IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Abans Holdings IPO RHP for detailed information.

Abans Holdings IPO Details

IPO Date December 12, 2022 to December 15, 2022
Listing Date December 23, 2022
Face Value ₹2 per share
Price Band ₹256 to ₹270 per share
Lot Size 55 Shares
Total Issue Size12,800,000 shares
(aggregating up to ₹345.60 Cr)
Fresh Issue3,800,000 shares
(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

Abans Holdings IPO Reservation

Abans Holdings IPO offers 12,800,000 shares. 1,280,000 (10.00%) to QIB, 3,840,000 (30.00%) to NII, 7,680,000 (60.00%) to RII. 139,636 RIIs will receive minimum 55 shares and 1,662 (sNII) and 3,324 (bNII) will receive minimum 770 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,280,000 (10.00%)NA
NII (HNI) Shares Offered3,840,000 (30.00%)
  bNII > ₹10L2,560,000 (20.00%)3,324
  sNII < ₹10L1,280,000 (10.00%)1,662
Retail Shares Offered7,680,000 (60.00%)139,636
Total Shares Offered12,800,000 (100%)

Abans Holdings IPO Timeline (Tentative Schedule)

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

IPO Open Date Monday, December 12, 2022
IPO Close Date Thursday, December 15, 2022
Basis of Allotment Tuesday, December 20, 2022
Initiation of Refunds Wednesday, December 21, 2022
Credit of Shares to Demat Thursday, December 22, 2022
Listing Date Friday, December 23, 2022
Cut-off time for UPI mandate confirmation 5 PM on December 15, 2022

Abans Holdings IPO Lot Size

Investors can bid for a minimum of 55 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 55 ₹14,850
Retail (Max) 13 715 ₹193,050
S-HNI (Min) 14 770 ₹207,900
S-HNI (Max) 67 3,685 ₹994,950
B-HNI (Min) 68 3,740 ₹1,009,800
Lot Size Calculator

Abans Holdings IPO Promoter Holding

Mr. Abhishek Bansal is the company promoter.

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

About Abans Holdings Limited

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

Key Performance Indicator

The market capitalization of Abans Holdings IPO is Rs 1353.94 Cr.

Pre IPO Post IPO
P/E (x) 18.96

Objects of the Issue (Abans Holdings IPO Objectives)

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 Review (May apply)

[Dilip Davda]  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 December 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
Vote Here ...

Abans Holdings IPO Listing Details

Listing Date December 23, 2022
BSE Script Code 543712
NSE Symbol AHL
ISIN INE00ZE01026
Final Issue Price ₹270 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue 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

Check IPO Performance…

Abans Holdings Limited Contact Details

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: https://ipo.bigshareonline.com/ipo_status.html

Abans Holdings IPO - Buy or Not

Abans Holdings IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 1 2
Members 1 1 2

Read All Reviews Post Your Review Manage Reviews

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 December 12, 2022, and closes on December 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 December 12, 2022 and closes on December 15, 2022.

Abans Holdings IPO lot size is 55 Shares, and the minimum amount required is ₹14,850.

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 Tuesday, December 20, 2022, and the allotted shares will be credited to your demat account by Thursday, December 22, 2022. Check the Abans Holdings IPO allotment status.

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

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233 Comments

144. PKRAJ |   Link |  Bookmark |December 23, 2022 9:24:41 AM
Not a negative listing but immediately after listing the worst started. Price reached near LC. Still a loss of about 15%. Who sold in pre-open are winners. Again no profit and no loss.
I was against these financial companies. They always believe in pricing very and against the interest of Retailers.
Very terrible market conditions. Fear of COVID.
144.3. Kapz |   Link |  Bookmark |December 23, 2022 3:00:03 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
@PKRAJ, thanks for sharing your thoughts and experience, very appreciated. I guess, just needed a sort of confirmation of a long term investor, to suit my style of investing.
144.4. Vnrao |   Link |  Bookmark |December 23, 2022 6:59:36 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@kapaz.You are absolutely right. I fully agree with you.
143. Jaga |   Link |  Bookmark |December 23, 2022 6:01:31 PM
23-Dec-2022      AHL      Abans Holdings Limited      MARUTI NANDAN COLONIZERS PRIVATE LIMITED      BUY      2,95,250      268.56      -
23-Dec-2022      AHL      Abans Holdings Limited      WEST & BEST TRADING PRIVATE LIMITED      BUY      2,99,000      267.91      -
143.1. lucky boy |   Link |  Bookmark |December 24, 2022 9:56:37 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
@ Jaga
its doesnt matter,, koi sell karega tabhi toah koi buy hoga,,,
142. lucky boy |   Link |  Bookmark |December 23, 2022 12:45:30 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
look this image carefully ,
abans listed at 273 on NSE at 9.45 am ,
at 10 am 5 second can see price sharp drop 49 rupees within 5 second after lising ,,
around 16% drop within 5 second after listing,,
who sold in pre session they save there capital,, but who waited after 10 am ,rest is history


142.1. UjwalG |   Link |  Bookmark |December 23, 2022 4:14:58 PM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
Simple, hni have got out that moment thus saving capital and bringing price down heavily
141. Elon Rusk |   Link |  Bookmark |December 23, 2022 2:19:56 PM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
One good thing in this IPO is that retail investors didnt apply in full force..
141.1. lucky boy |   Link |  Bookmark |December 24, 2022 9:58:12 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
@ Elon Rusk
nowdays retails aware, bahut hoshiyaar ho gaye hain,, no gmp no applications
140. arunARUN |   Link |  Bookmark |December 23, 2022 12:37:02 PM
IPO Guru IPO Guru (1900+ Posts, 1600+ Likes)
I can not fathom intention of retail investors in this issue (who applied)
Good part is that retail did not subscribe. Today fall idea appears to shake off all weak hands (people who should not have subscribed it any way) and then play in the counter
The casino rule is that never play against the house. I hope the hint is clear
139. Crow |   Link |  Bookmark |December 23, 2022 11:34:11 AM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
Seeing an LC in an IPO for the first in recent memory. Sula and Landmark Cars also going further down along with the whole market.
138. Justalearner |   Link |  Bookmark |December 23, 2022 10:01:53 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
And the story of bad listings in Mainboard continues......
Heavy OFS loaded n coupled with greed of extracting the max from the public should be looked into by SEBI. This is organized looting of public money through IPO in collaboration with so called QIBs n fund houses that (mis)use public money and has to stop. So many recent Mainboards have listed in the negative and not a single failed at subscription stage. This when it was well known they have a good chance of listing in the red.....
Now need a blockbuster at a great price to bring back the confidence in Mainboard...
Meanwhile SME love affairs continue to reign supreme.... At least for now.
138.1. Learner SK |   Link |  Bookmark |December 23, 2022 11:28:59 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Are you hinting towards CCI era where the Regulator approves the price?
137. NEW INVEST₹ |   Link |  Bookmark |December 23, 2022 9:34:22 AM
if 225 break than lower cercuit
136. lokes |   Link |  Bookmark |December 23, 2022 9:19:55 AM
IPO Guru IPO Guru (4400+ Posts, 5100+ Likes)
One of the worst after listing performance here....even hit 20% lower circuit once...
136.1. Gaurav DD dimer |   Link |  Bookmark |December 24, 2022 9:49:49 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
It is not even closed at 20% LC.
It is expected to go much more down.
As total allotment is 86.10L shares to retail & HNI (As per BOA)
.
& People exited on listing day is just 10L, which is too low.
136.2. lucky boy |   Link |  Bookmark |December 24, 2022 9:54:30 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
@ lokes

lokes bhai i think in upcoming days will goes below 200
135. Madhur Jain CA |   Link |  Bookmark |December 23, 2022 9:16:30 AM
New year sale !!! available @233 discount of 13%
134. Trueinfo |   Link |  Bookmark |December 23, 2022 8:50:24 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Preopen,
NSE 273
BSE 270
134.1. Trueinfo |   Link |  Bookmark |December 23, 2022 8:53:27 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Almost at par
133. lucky boy |   Link |  Bookmark |December 23, 2022 8:13:15 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
@ Ghitesh
overall ipo fully subscribed, so share cant be issue at lower price band
132. Ghitesh |   Link |  Bookmark |December 23, 2022 8:04:55 AM
I had applied for 1 lot at the lower price band. Since retail subscription was not even 1x, i was assuming I would get that 1 lot for sure, but was not alloted anything. Any idea why is that?
131. lucky boy |   Link |  Bookmark |December 23, 2022 7:59:04 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
landmark short karku pre open main ya abnas short karu??
konsa better rahega
130. lucky boy |   Link |  Bookmark |December 23, 2022 7:57:23 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
landmark short karku pre open main ya abnas short karu??
konsa better rahega
129. bAAz |   Link |  Bookmark |December 22, 2022 9:16:50 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Gmp(-discount).
129.1. lucky boy |   Link |  Bookmark |December 22, 2022 9:45:30 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Yes. Will list in discount

Dowjones 1.5% down
128. ABHISHEKCA |   Link |  Bookmark |December 22, 2022 4:17:28 PM
AAJ ISKI LISTING NI THI
127. bAAz |   Link |  Bookmark |December 21, 2022 9:09:09 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Gmp nil
126. Noorul |   Link |  Bookmark |December 18, 2022 4:19:27 PM
Perfect Avoid candidate.
125. MAMU |   Link |  Bookmark |December 16, 2022 11:20:16 AM
IPO Guru IPO Guru (1700+ Posts, 1100+ Likes)
NO GMP TRADING

NO ONE WANTS TO SPEAK ANY RATE CURRENTLY 😭