Abans Holdings Limited IPO
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.
Price Band | ₹256 to ₹270 Per Share |
Lot Issue Size | 55 Shares |
Issue Size | Approx ₹345.60 Cr |
Offer for Sale | Approx ₹243.00 Cr |
Face Value | ₹2 Per Equity Share |
Listing at NSE, BSE
| IPO Open Date | December 12, 2022 |
| IPO Close Date | December 14 2022 |
| Allotment Date | December 20, 2022 |
| Initiation of Refunds | December 21, 2022 |
| Credit Of Shares | December 22, 2022 |
| IPO Listing Date |
Abans Holdings Limited IPO
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.
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.
Abans Holdings Limited IPO Objectives
- Further Investment in the NBFC Subsidiary for financing the augmentation of its capital base to meet its future capital requirements.
Why should you invest in the Abans Holdings Limited IPO ?
Here are our top reasons:
- The company offers diversified financial services to clients and is a member of BSE, NSE, MSEI, NCDEX, ICEX, MCX, and IIEL in India.
- They also have membership in global commodities and forex exchanges such as the London Metal Exchange (LME), Dubai Gold & Commodities Exchange (DGCX), Dalian Commodity Exchange (DCE), and Shanghai International Energy Exchange (INE).
- They have active businesses across six countries, including the UK, Singapore, UAE, China, Mauritius, and India.
Financial Highlights
| ₹ in Crores | |||
| Financial Year | Revenue | Expense | PAT |
| FY 2019 | 4,371.37 | 4,339.34 | 42.03 |
| FY 2020 | 2,765.21 | 2,729.50 | 34.83 |
| FY 2021 | 1,325.51 | 1,282.26 | 41.90 |
| FY 2022 | 638.63 | 580.44 | 56.88 |
| 5M FY 2023 | 284.90 | 258.47 | 27.28 |
Abans Holdings IPO Review
- To Be Updated
Brokerage Firm IPO Review
- To Be Updated Soon
Abans Holdings IPO Subscription Status Today
| Category | Subscription (times) |
| QIB | 0.00 |
| NII | 0.12 |
| Retail | 0.13 |
| Total | 0.11 |
| Category | Subscription (times) |
| QIB | 1.01 |
| NII | 0.13 |
| Retail | 0.23 |
| Total | 0.28 |
| Category | Subscription (times) |
| QIB | 4.10 |
| NII | 1.48 |
| Retail | 0.40 |
| Total | 1.10 |
Abans Holdings IPO Pros & Cons:
| PROS | CONS | |
|---|---|---|
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They are a global financial services provider offering opportunities in multi-asset international institutional trading in equities, commodities, Forex, private stock trading, asset and wealth management, and financial advisory. |
The company lends funds to small and private traders, which will impact their financial performance if they fail to repay. |
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They have formed strong relationships with their trading counterparts, HNI and institutional clients. |
Some legal proceedings are pending against the company, promoters/directors, subsidiaries and groups, which may impact the brand and business.
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The Company operates through a scalable and replicable business model and follows standardised business practices. |
Overall global and Indian economy can impact the business, financial condition, cash flow, results of operation, and prospects.
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IPO Grey Market Premium, Latest IPO GMP
Grey Market Premium on 15-12-2022 : ₹5
How to apply for Abans Holdings IPO
Competitive Peers
( No Information )
Abans Holdings IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Abans Holdings IPO Allotment Status Check
Check Abans Holdings IPO allotment status on Bigshare website allotment URL. Click Here
Abans Holdings IPO Lead Managers
- Aryaman Financial Services Limited
Company Address
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/
How to apply for Abans Holdings IPO
Abans Holdings IPO FAQs
The Abans Holdings IPO opens on Dec 12, 2022 and closes on Dec 15, 2022.
shares will be available on Dec 22, 2022.
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Kaynes Technology Ltd”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Abans Holding IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Log in to the Angel One Application with your credentials. Select the IPO. You will see the IPO Name “Abans Holding IPO. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with AngelOne .
