Abans Holdings Limited IPO Detail
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 Promoters
Mr. Abhishek Bansal is the company promoter.IPO Details
| IPO Opening Date | Dec 12, 2022 |
| IPO Closing Date | Dec 15, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹256 - 270 per equity share |
| Market Lot | 55 Shares |
| Min Order Quantity | 55 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹345.60 Cr |
| Fresh Issue | ₹102.60 Cr |
| Offer for Sale | ₹102.60 Cr |
| Retail Portion | 60% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0x | - | - | 0.11x | 0.12x | 0.1x |
| Day 2 | 1.01x | - | - | 0.13x | 0.21x | 0.27x |
| Day 3 | 2.19x | - | - | 0.19x | 0.32x | 0.46x |
| Day 4 | 4.10x | - | - | 1.48x | 0.40x | 1.10x |
IPO Tentative Timetable
The Abans Holdings Limited IPO open date is Dec 12, 2022, and the close date is Dec 15, 2022. The issue may list on Dec 23, 2022.
| IPO Open Date | Dec 12, 2022 |
| IPO Close Date | Dec 15, 2022 |
| Basis of Allotment Date | Dec 20, 2022 |
| Initiation of Refunds | Dec 21, 2022 |
| Credit of Shares to Demat Account | Dec 22, 2022 |
| IPO Listing Date | Dec 23, 2022 |
IPO Lot Size
The Abans Holdings Limited IPO market lot size is 55 shares. A retail-individual investor can apply for up to 13 lots (715 shares or ₹193050).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 55 | ₹14850 |
| Maximum | 13 | 715 | ₹193050 |
IPO Promoter Holding
| Pre Issue Share Holding | 97.42% |
| Post Issue Share Holding | 72.09% |
Company Financials:
For the year/period ended (₹ in Crore)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1181.51 | 1331.37 | 45.8 |
| 31-Mar-22 | 1168.69 | 646.23 | 61.97 |
| 31-Aug-22 | 1230.72 | 288.31 | 29.74 |
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 Limited IPO Registrar:
Bigshare Services Pvt Ltd
Abans Holdings Limited IPO Lead Manager(s):
Aryaman Financial Services limited
Company Contact Information:
Abans Holdings Limited
36, 37, 38A Floor 3, Nariman Bhavan, Backbay Reclamation,
Nariman Point
Mumbai
