Abans Holdings Limited
Mainboard₹14,850 / 55 Shares
IPO Details
Abans Holdings Limited IPO is priced between ₹256-270 per equity share, with a face value of ₹2 per share. The company's equity shares will be listed on the Mainboard, and Bigshare Services Pvt Ltd is managing the issue as the registrar.
The IPO bidding period opened on 12 Dec, 2022, and closed on 15 Dec, 2022. The allotment results will be announced on 20 Dec, 2022, with a tentative listing date set for 23 Dec, 2022.
The total issue comprises 12,800,000 shares of ₹2 , amounting to ₹345.60 Cr.
Abans Holdings Limited IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Dec 12, 2022 - Dec 15, 2022 | 23 Dec, 2022 | ₹2 Per Equity Share | ₹256-270 per equity share | 55 Shares | Shares | - | BSE, NSE |
Abans Holdings Limited IPO Timeline
Issue Price
₹256-270 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdMarket Lot
Retail: 55 Shares (₹14,850/-)sHNI : 770 Shares (₹2,07,900/-)bHNI : 3,740 Shares (₹10,09,800/-)Lead Manager
Aryaman Financial Services limitedIssue 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)Retail Portion
60% (Number of Retail Applications : 1,39,630 Approx),10%(Number of sHNI Applications : 1,660 Approx),20%(Number of bHNI Applications : 3,320 Approx),QIB : 10%Subscription
1.10 timesAbans Holdings Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Aug 22 | 1230.72 | 288.31 | 29.74 | - | - | - |
| 31 Mar 22 | 1168.69 | 646.23 | 61.97 | - | - | - |
| 31 Mar 21 | 1181.51 | 1331.37 | 45.8 | - | - | - |
| 31 Mar 20 | 1212.98 | 2771.88 | 39.22 | - | - | - |
All values are in ₹ Cr.
About Company
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.
Abans Holdings Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 1,280,000 | 3,840,000 2,560,000 1,280,000 | 7,680,000 | 12,800,000 |
| Day 1 - 12-12-22 05:00 PM | 0.00 x | 0.12 0.17 x 0.02 x | 0.13 x | 0.11 x |
| Day 2 - 13-12-22 05:00 PM | 1.01 x | 0.13 0.17 x 0.04 x | 0.23 x | 0.28 x |
| Day 3 - 14-12-22 05:00 PM | 2.19 x | 0.17 0.21 x 0.07 x | 0.32 x | 0.46 x |
| Day 4 - 15-12-22 05:00 PM | 4.10 x | 1.48 2.15 x 0.13 x | 0.40 x | 1.10 x |
Abans Holdings Limited IPO - Issue Objectives
- Further Investment in the NBFC Subsidiary (Abans Finance Pvt. Ltd.) for financing the augmentation of its capital base to meet its future capital requirements.
- General Corporate Purpose.