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Abans Holdings Limited IPO
Abans Holdings Limited has filed DRHP with SEBI seeking approval to offload up to 1,28,00,000 equity shares with a face value of Rs 2 per share. The offer contains fresh issues of up to 38,00,000 equity shares and an offer for sale of 90,00,000 equities. Click here to Apply for Abans Holdings IPO
.Opening Date
December 12, 2022
Closing Date
December 15, 2022
Price Band
₹256 to ₹270
per equity share
Issue Size
345.60 Cr
Face Value
₹2
per equity share
Market Lot
55 Shares
Opening Date
December 12, 2022
Closing Date
December 15, 2022
Price Band
₹256 to ₹270
per equity share
Issue Size
345.60 Cr
Face Value
₹2
per equity share
Market Lot
55 Shares
Listing at NSE, BSE
Abans Holdings Ltd. IPO Important Dates
| IPO Open Date | December 12, 2022 |
|---|---|
| IPO Close Date | December 15, 2022 |
| Allotment Date | December 20, 2022 |
| Initiation Of Refunds | December 21, 2022 |
| Credit Of Shares To Demat Account |
December 22, 2022 |
| IPO Listing Date | December 23, 2022 |
| UPI Mandate Expiry Date | December 15, 2022 |
At 05:48:00 PM.
This IPO has been subscribed 1.10x by 05:48 PM. on Day 4
It is a public issue of 12,800,000 equity shares.
Status of Subscription
This IPO has been subscribed 0.47x by 03:24 PM. on Day 4
It is a public issue of 12,800,000 equity shares.
Status of Subscription
This IPO has been subscribed 0.47x by 01:28 PM. on Day 4
It is a public issue of 12,800,000 equity shares.
Status of Subscription
This IPO has been subscribed 0.47x by 10:18 AM. on Day 4
It is a public issue of 12,800,000 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 4.10
- (NII) Non-institutional buyers: 1.48
- (RII) Retail Individual buyers: 0.40
- Employees: [.]
- (QIB) Qualified institutional buyers: 4.10
- (NII) Non-institutional buyers: 1.48
- (RII) Retail Individual buyers: 0.39
- Employees: [.]
- (QIB) Qualified institutional buyers: 2.19
- (NII) Non-institutional buyers: 0.77
- (RII) Retail Individual buyers: 0.36
- Employees: [.]
- (QIB) Qualified institutional buyers: 2.19
- (NII) Non-institutional buyers: 0.19
- (RII) Retail Individual buyers: 0.33
- Employees: [.]
At 05:00:00 PM.
This IPO has been subscribed 0.46x by 5:00 PM. on Day 3
It is a public issue of 12,800,000 equity shares.
Status of Subscription
This IPO has been subscribed 0.43x by 03:18 PM. on Day 3
It is a public issue of 12,800,000 equity shares.
Status of Subscription
This IPO has been subscribed 0.29x by 01:22 PM. on Day 3
It is a public issue of 12,800,000 equity shares.
Status of Subscription
This IPO has been subscribed 0.29x by 10:44 AM. on Day 3
It is a public issue of 12,800,000 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 2.19
- (NII) Non-institutional buyers: 0.17
- (RII) Retail Individual buyers: 0.32
- Employees: [.]
- (QIB) Qualified institutional buyers: 2.19
- (NII) Non-institutional buyers: 0.14
- (RII) Retail Individual buyers: 0.28
- Employees: [.]
- (QIB) Qualified institutional buyers: 2.19
- (NII) Non-institutional buyers: 0.13
- (RII) Retail Individual buyers: 0.27
- Employees: [.]
- (QIB) Qualified institutional buyers: 1.01
- (NII) Non-institutional buyers: 0.13
- (RII) Retail Individual buyers: 0.25
- Employees: [.]
At 5:00:00 PM.
This IPO has been subscribed 0.28x by 5:00 PM. on Day 2
It is a public issue of 12,800,000 equity shares.
Status of Subscription
This IPO has been subscribed 0.25x by 3:28 PM. on Day 2
It is a public issue of 12,800,000 equity shares.
Status of Subscription
This IPO has been subscribed 0.25x by 1:42 PM. on Day 2
It is a public issue of 12,800,000 equity shares.
Status of Subscription
This IPO has been subscribed 0.13x by 10:34 AM. on Day 2
It is a public issue of 12,800,000 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.01
- (NII) Non-institutional buyers: 0.13
- (RII) Retail Individual buyers: 0.23
- Employees: [.]
- (QIB) Qualified institutional buyers: 1.01
- (NII) Non-institutional buyers: 0.13
- (RII) Retail Individual buyers: 0.20
- Employees: [.]
- (QIB) Qualified institutional buyers: 1.01
- (NII) Non-institutional buyers: 0.13
- (RII) Retail Individual buyers: 0.18
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.12
- (RII) Retail Individual buyers: 0.15
- Employees: [.]
At 05:00:00 PM.
This IPO has been subscribed 0.05x by 05:00 PM. on Day 1
It is a public issue of 12,800,000 equity shares.
Status of Subscription
This IPO has been subscribed 0.05x by 03:44 PM. on Day 1
It is a public issue of 12,800,000 equity shares.
Status of Subscription
This IPO has been subscribed 0.05x by 01:24 PM. on Day 1
It is a public issue of 12,800,000 equity shares.
Status of Subscription
This IPO has been subscribed 0.02x by 10:58 AM. on Day 1
It is a public issue of 12,800,000 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.12
- (RII) Retail Individual buyers: 0.13
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.01
- (RII) Retail Individual buyers: 0.10
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.00
- (RII) Retail Individual buyers: 0.07
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.00
- (RII) Retail Individual buyers: 0.04
- Employees: [.]
About Abans Holdings Ltd.
Abans Holdings is the financial arm of the Group and offers diversified gold financial services. The company provides NBFC services, global institutional trading in equities/commodities/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.
They operate an RBI-registered NBFC that lends to private traders and other small and medium businesses involved in the commodities trading market.
Abans Holdings Ltd. IPO Objectives
• The company proposes to utilise the net proceeds from the IPO to invest in NBFC subsidiaries.
Why should you invest in the Abans Holdings Ltd. 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
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| FY21 | FY20 | FY19 | |
| Revenue From Operation | 1,32,551.13 | 2,76,520.63 | 4,37,136.76 |
| EBITDA | NA | NA | NA |
| EBITDA Margin (%) | NA | NA | NA |
| Profit After Tax | 4,594.06 | 3,926.67 | 3,625.60 |
| EPS | 9.07 | 7.53 | 7.62 |
| ROE | NA | NA | NA |
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How to apply for Abans Holdings Ltd. IPO?
Retail investors need to apply for the IPO using UPI.
UPI
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for Abans Holdings Ltd. IPO and approve the payment on your UPI ID.
Demat Account
- If you are an existing Angel One user, Pre-Apply Now!
- If you’re a new investor, open an Angel One Demat account for free and begin your investment journey.
Abans Holdings Ltd. IPO Noteworthy Highlights:
- Starting in 2005, Abans Group has grown to become a well-diversified business with a presence in several global locations.
- Based on the restated consolidated report as on March 2021, their total lending asset stood at Rs 38,803.81 lakhs.
- Interest income from the finance business stood at 38%, 36% and 18% of total gross operating income in FY 2021, 2020 & 2019, respectively.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| 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. |
| 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. |
| 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. |
Competitive Peers
The company faces competition from other listed peers in the domain.
| Company Name | NAV per share | EPS | P/E |
|---|---|---|---|
| Edelweiss Financial Services Ltd. | 73.83 | 2.97 | 29.37 |
| Geojit Financial Services Ltd. | 24.14 | 4.78 | 15.99 |
| Choice International Ltd. | 29.06 | 0.70 | 207.14 |
| Abans Holdings Ltd. | 121.30 | 9.07 | NA |
Abans Holdings Ltd. IPO FAQs
What is Abans Holdings Ltd. IPO?
The company will issue a public offer consisting of 8 crore equity shares with face value of Rs 1 per share.
When will Abans Holdings Ltd. IPO allotment be available?
The Abans Holdings IPO shares will be allotted on December 20, 2022.
What will be Abans Holdings Ltd. IPO lot size?
Abans Holdings Ltd. IPO one lot will contain 55 equities.
When will Abans Holdings Ltd. IPO open for subscription?
The IPO subscription window will open on December 12, 2022. The subscription window closing date is December 15, 2022.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Abans Holdings Ltd. list on exchanges?
Abans Holdings Ltd.’s IPO shares will get listed on the bourses on December 23, 2022.
How to check the allotment status of Abans Holdings Ltd. IPO?
Angel One customers can log in to their accounts to check Abans Holdings Ltd. IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
What would be the listing gains on Abans Holdings Ltd. IPO?
Listing gain is the difference between the IPO's opening and offer prices.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.
I have finished the application process for Abans Holdings Ltd. IPO, but the funds are not yet debited. What is the reason?
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.
How to approve the UPI mandate request for the Abans Holdings Ltd. IPO?
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
Can I submit more than one application for the public issue of Abans Holdings Ltd. using one PAN?
You can submit only one application using one PAN card.
What is the minimum order quantity for Abans Holdings Ltd. IPO?
The minimum size of the application will be one lot.
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