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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:
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
---|---|---|---|---|---|
31-Mar-20 | 1212.98 | 2771.88 | 39.22 | 499.55 | 318.79 |
31-Mar-21 | 1181.51 | 1331.37 | 45.8 | 561.95 | 267.39 |
31-Mar-22 | 1168.69 | 646.23 | 61.97 | 631.11 | 85.9 |
31-Aug-22 | 1230.72 | 288.31 | 29.74 | 678.17 | 76.92 |
Amount in ₹ Crore |
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.
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 Size | 12,800,000 shares of ₹2 (aggregating up to ₹345.60 Cr) |
Fresh Issue | 3,800,000 shares of ₹2 (aggregating up to ₹102.60 Cr) |
Offer for Sale | 9,000,000 shares of ₹2 (aggregating up to ₹243.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
QIB Shares Offered | Not more than 10% of the Offer |
NII (HNI) Shares Offered | Not less than 30% of the Offer |
Retail Shares Offered | Not less than 60% of the Offer |
Company Promoters | Mr. Abhishek Bansal is the company promoter. |
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 |
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 |
Pre Issue Share Holding | 97.42% |
Post Issue Share Holding | 72.09% |
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...
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)
Category | Subscription (times) |
---|---|
QIB | 4.10 |
NII | 1.48 |
bNII (bids above ₹10L) | 2.15 |
sNII (bids below ₹10L) | 0.13 |
Retail | 0.40 |
Total | 1.10 |
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 |
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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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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
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.
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