Abans Holdings Limited IPO

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12th – 15th Dec 2022
23 Dec 2022
₹256 – ₹270
55 shares (₹14850)

About


Incorporated in 2009, Abans Holdings Limited is the financial services arm of Abans Group, which provides services such as financial services, gold refining, jewelry, commodities trading, agricultural trading and warehousing, software development, and real estate.

It is a holding company that operates all its businesses through 17 subsidiaries (3 direct subsidiaries and 14 indirect/step-down subsidiaries).

It provides NBFC services, global institutional trading in equities, commodities, and foreign exchange, private client stockbroking, depositary services, asset management services, investment advisory services, and wealth management services to corporates, institutional and high net-worth clients.

Its primary business can be divided into the following heads:

  • Finance Business: It operates an RBI Registered NBFC (Non-Deposit taking) primarily focused on lending to private traders and other small and medium businesses involved in commodities trading.
  • Agency Business: It is a SEBI-registered Stock and Commodity Exchange Broker with memberships across all the major stock exchanges in India.
    • It also has an FCA-registered financial services firm in London with direct/indirect memberships in various international exchanges like DGCX (Dubai), LME (London), INE, and DCE (China).
    • It is also a SEBI Registered Portfolio Management company, as well as a SEBI, Registered Category-I FPI offering various institutional and noninstitutional trading services, wealth management, and private client brokerage services, mainly in equity, commodities, and foreign exchange.
  • Capital and other Business: Its Capital Business includes internal treasury operations which manage its excess capital funds by investing its capital in low / medium risk strategies, maintaining positions in physical as well as exchange-traded commodities and other instruments. It also provides Warehousing Services to commodity market participants.

Objects of Issue:

  1. Investment in the NBFC Subsidiary for financing the augmentation of its capital base to meet its future capital requirements.
  2. General Corporate Purpose.

The public offer of Abans Holdings comprises of fresh issue of 38 lakh equity shares and an offer for sale of 90 lakh equity shares from existing shareholders.

Financial Snapshot (₹ Crores)

Period Ended Total revenue PAT Total Borrowing Total Assets Net Worth
August 31, 2022 288.31 29.74 76.92 1230.72 678.17
March 31, 2022 646.23 61.97 85.9 1168.69 631.11
March 31, 2021 1331.37 45.8 267.39 1181.51 561.95
March 31, 2020 2771.88 39.22 318.79 1212.98 491.55

IPO Schedule

Issue Period 12th December to 15th December 2022
Finalization of Allotment 20th December 2022
Initiation of Refunds 21st December 2022
Credit of Shares 22nd December 2022
Date of Listing 23rd December 2022
Mandate end date 30th December 2022
Anchor Investors Lock-In End Date 14th January 2022

How do I apply to the Abans Holdings Limited IPO?

You can apply for the Abans Holdings Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Abans Holdings Limited IPO?

You can check the allotment status for the Abans Holdings Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.