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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.
| 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 Size | 12,800,000 shares (aggregating up to ₹345.60 Cr) |
| Fresh Issue | 3,800,000 shares (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 |
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 Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,280,000 (10.00%) | NA |
| NII (HNI) Shares Offered | 3,840,000 (30.00%) | |
| bNII > ₹10L | 2,560,000 (20.00%) | 3,324 |
| sNII < ₹10L | 1,280,000 (10.00%) | 1,662 |
| Retail Shares Offered | 7,680,000 (60.00%) | 139,636 |
| Total Shares Offered | 12,800,000 (100%) |
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 |
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 | |||
Mr. Abhishek Bansal is the company promoter.
| Share Holding Pre Issue | 97.42% |
| Share Holding Post Issue | 72.09% |
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 market capitalization of Abans Holdings IPO is Rs 1353.94 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 18.96 |
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.
[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...
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)
| 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 | December 23, 2022 |
| BSE Script Code | 543712 |
| NSE Symbol | AHL |
| ISIN | INE00ZE01026 |
| Final Issue Price | ₹270 per share |
| 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 |
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: https://ipo.bigshareonline.com/ipo_status.html
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
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.
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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.