IPO Issue Details
Issue Price / Price Band₹270 per share (Fixed Price)
Face Value₹2 Per Share
Lot Size55 Shares per Lot
Total Issue Size1,28,00,000 shares (aggregating up to ₹345.60 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 12 Dec 2022
Subscription CloseThu, 15 Dec 2022
Anchor AllotmentSun, 11 Dec 2022
Basis of AllotmentTue, 20 Dec 2022
Initiation of RefundsWed, 21 Dec 2022
Credit of Shares to DematThu, 22 Dec 2022
Listing DateFri, 23 Dec 2022
UPI Mandate Deadline2022-12-15
Application & Investment Details
Retail — Min (1 Lots)₹14,850 — 55 shares
Retail — Max (13 Lots)₹193,050 (13 Lots)
HNI — Min (14 Lots)₹2,07,900 — 770 shares
P/E Ratio (Pre-IPO)18.96x
Pre-IPO Promoter Holding4,63,45,950 shares
Post-IPO Promoter Holding5,01,45,950 shares
Fresh Issue Shares38,00,000 shares (aggregating up to ₹102.60 Cr)
Offer for Sale Shares90,00,000 shares of ₹2 (aggregating up to ₹243.00 Cr)
About Abans Holdings Ltd.
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.
Objects of the Issue
Abans Holdings Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Further Investment in our NBFC Subsidiary (Abans Finance Pvt. Ltd.) for financing the augmentation of its capital base to meet its future capital requirements
80.00
2
2 General Corporate Purpose
19.91
Shareholding & Lock-in
Pre-IPO Promoter Holding
4,63,45,950 shares
Post-IPO Promoter Holding
5,01,45,950 shares