Abans Holdings IPO will open for subscription from 12 December 2022. the company aims for an issue size of ₹345.60 Cr through this IPO.
Abans Holdings Limited
The company is a financial services arm of the Abans Group. It operates a diversified global financial services business, headquartered in India, providing 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. Its business operations are mainly organized as under:
Finance Business: The company operates an RBI Registered NBFC (Non-Deposit taking). Its Finance business is primarily focused on lending to private traders and other small and medium businesses involved in the commodities trading market.
Agency Business: Abans Holdings is a SEBI-registered Stock and Commodity Exchange Broker with memberships across all the major stock exchanges in India, including BSE, NSE, MSEI, MCX, NCDEX, and ICEX. Further being FCA registered financial services firm in London, it has direct/indirect memberships in various international exchanges like DGCX (Dubai), LME (London), INE, and DCE (China). We are also a SEBI Registered Portfolio Management company as well as a SEBI Registered Category-I FPI.
Capital and other Business: The Capital Business includes its internal treasury operations which manage its excess capital funds investing capital in low / medium risk strategies, and maintaining positions in physical as well as exchange-traded commodities and other instruments.
Basic details about the company
| Full name | Abans Holdings Limited |
| Sector | Finance |
| Industry | Finance – NBFC |
| Company Website | https://abansholdings.com/ |
The objective of the Issue
- Further Investment in the NBFC Subsidiary (Abans Finance Pvt. Ltd.) for financing the augmentation of its capital base to meet its future capital requirements.
- General Corporate Purpose.
Major Competitive strengths
- Global exposure providing innovative financial products.
- Standardized operating procedures and efficient use of technology.
- An integrated financial services platform.
- Strong relationships with clients and market participants.
- Strong human capital and organizational culture.
Abans Holdings IPO Timetable
| IPO Opening date | 12 December 2022 |
| IPO Closing | 15 December 2022 |
| Basis of Allotment | 20 December 2022 |
| Initiation Refund | 21 December 2022 |
| Credit to Demat Account | 22 December 2022 |
| Listing Date | 23 December 2022 |
IPO details
| Issue type | Book Building |
| IPO issue size | ₹345.60 Cr – 12,800,000 shares |
| Fresh Issue | ₹102.60 Cr – 3,800,000 shares |
| Offer for sale | ₹243.00 Cr – 9,000,000 shares |
| Face value | ₹02 per equity share |
| Price band | ₹256 to ₹270 per share |
| Retail Allocation | 60% |
| Lot size | 55 Shares |
| Listing Exchange | BSE & NSE |
Abans Holdings IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,850 |
| Retail (Max) | 13 | 715 | ₹193,050 |
| S-HNI (Min) | 14 | 770 | ₹207,900 |
| B-HNI (Min) | 68 | 3,740 | ₹1,009,800 |
Reservation Details
| QIB Shares Offered | 10% |
| NII (HNI) Shares Offered | 30% |
| Retail Shares Offered | 60% |
Abans Holdings Financial Performance
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | 5M FY 2023 | |
| Revenue | 4,371.37 | 2,765.21 | 1,325.51 | 638.63 | 284.90 |
| Expenses | 4,339.34 | 2,729.50 | 1,282.26 | 580.44 | 258.47 |
| Net income | 42.03 | 34.83 | 41.90 | 56.88 | 27.28 |
| Margin (%) | 0.96 | 1.26 | 3.16 | 8.91 | 9.58 |
Abans Holdings Valuations & Margins
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
| EPS | 7.62 | 8.46 | 9.88 | 13.37 |
| PE ratio | – | – | – | 19.15 – 20.19 |
| RONW (%) | 9.56 | 6.97 | 7.46 | 9.01 |
| NAV | – | – | 121.30 | 136.17 |
| Debt/Equity | – | 0.54 | 0.41 | 0.12 |
Company Promoters
- Mr. Abhishek Bansal
Abans Holdings IPO Promoter Holding
| Pre Issue Share Holding | 97.42% |
| Post Issue Share Holding | 72.09% |
Lead Manager(s)
- Aryaman Financial Services Limited
Abans Holdings Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri East, Mumbai – 400 093
Phone: 022 – 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Abans Holdings Contact Details
ABANS HOLDINGS LIMITED
36,37,38A, Floor 3, Nariman Bhavan,
Backbay Reclamation, Nariman Point,
Mumbai – 400 021
Phone: +91 – 22 – 6179 0000
Email: compliance@abansholdings.com
Website: www.abansholdings.com
Abans Holdings IPO Allotment Status
Abans Holdings IPO allotment status will be available on Bigshare Services’ website.
Click on Bigshare Services weblink to get allotment status.
Final thoughts
Abans Holdings IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
