Abans Holdings Limited IPO GMP, Review, Price, Allotment
The Abans Holdings share sale will open to the public on December 12th. The three-day initial public offering (IPO) will end on December 15th, according to the red herring prospectus (RHP).
The initial share-sale comprises a fresh issuance of up to 38 lakh equity shares and an offer-for-sale of up to 90 lakh equity shares by promoter Abhishek Bansal.
Proceeds from the fresh issue will be utilised towards investment in its NBFC subsidiary, Abans Finance. This is to finance the augmentation of its capital base to meet future capital requirements and for general corporate purposes.
About Abans Holdings Limited:
The company operates a diversified global financial services business, providing a variety of NBFC services, institutional trading in equities, commodities and foreign exchange, private client stockbroking, depositary services, asset management services, investment advisory services, and wealth management services to corporate, institutional and high net worth individual clients.
It has active businesses across six countries: UK, Singapore, UAE, China, Mauritius and India.
The company’s finance business is RBI Registered NBFC (Non-Deposit taking) focused on lending to private traders and other small and medium businesses involved in the commodities trading market.
Abans Holdings Limited IPO Important Dates:
| Opening Date | 12 December 2022 |
| Closing Date | 15 December 2022 |
| Basis of Allotment | 20 December 2022 |
| Initiation of refunds | 21 December 2022 |
| Transfer of shares to demat accounts | 22 December 2022 |
| Listing Date | 23 December 2022 |
Abans Holdings Limited IPO Details
| Abans Holdings Limited IPO Price | ₹256 to ₹270 per share |
| Lot Size | 55 Shares |
| Minimum Amount for 1 lot | ₹14,850 |
| Total IPO size | ₹345.60 crore |
| Offer for Sale | 9,000,000 shares |
| Listing At | BSE, NSE |
| Retail Quota | 60% |
| QIB Quota | 30% |
| NII Quota | 10% |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
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.
Company Financials:
(Amount in ₹ Crore)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 1212.98 | 2771.88 | 39.22 | 499.55 | 318.79 |
| 31-Mar-21 | 1181.51 | 1331.37 | 45.8 | 561.95 | 267.39 |
| 31-Mar-22 | 1168.69 | 646.23 | 61.97 | 631.11 | 85.9 |
| 31-Aug-22 | 1230.72 | 288.31 | 29.74 | 678.17 | 76.92 |
Cash Flow:
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -11.52 | 62.23 | 18.12 |
| Net cash from / (used in) investing activities | -37.86 | -3.06 | -14.28 |
| Net cash flow from / (used in) financing activities | -20.57 | 66.01 | 22.08 |
| Net increase (decrease) in cash and cash equivalents | -69.94 | 125.18 | 25.92 |
EPS, PE Ration, NAV:
| Earning Per Share (EPS): | ₹13.37 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 9.01% |
| Net Asset Value (NAV): | ₹136.17 per Equity Share |
Peer Comparison:
| Name of the Company | Revenue From Operations (in Rs. crores) | Basic EPS | Nav Rs. per share | PE | RoNW% |
|---|---|---|---|---|---|
| Abans Holdings Limited | 638.63 | 13.37 | 136.17 | NA | 9.01% |
| Edelweiss Financial Services Ltd. | 6,911.40 | 2.11 | 73.13 | 27.44 | 2.89% |
| Geojit Financial Services Ltd. | 480.79 | 6.31 | 29.2 | 7.28 | 21.61% |
| Choice International Ltd. | 285.96 | 13.84 | 105.86 | 19.44 | 13.07% |
Company Promoters:
- Mr. Abhishek Bansal
IPO Registrar:
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Contact Information:
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/
IPO Offer Lead Manager:
Aryaman Financial Services limited
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg,
Fort, Mumbai – 400 001
Website: http://www.afsl.co.in
Email: info@afsl.co.in
Phone: 91 – 22 – 6216 6999
Fax: 91 – 22 – 2263 0434
Abans Holdings Limited IPO GMP today
| Abans Holdings Limited IPO grey market premium | Subject to Sauda | Listing Gain |
| ₹5 | – | 2% |
Abans Holdings Limited IPO Review:
| What our experts say about Abans Holdings Limited IPO | Apply |
Abans Holdings IPO Subscription Status live:
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | 4.10 |
| Non-Institutional Buyers | 1.48 |
| Retail Investors | 0.40 |
| Employees | – |
| Others | – |
| Total | 1.10 |
Abans Holdings Limited IPO Subscription Details (times):
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Dec 12, 2022 | 0.00 | 0.12 | 0.13 | 0.11 |
| Day 2 Dec 13, 2022 | 1.01 | 0.13 | 0.23 | 0.28 |
| Day 3 Dec 14, 2022 | 2.19 | 0.17 | 0.32 | 0.46 |
| Day 4 Dec 15, 2022 | 4.10 | 1.48 | 0.40 | 1.10 |
Abans Holdings IPO Allotment Status:
| Check Abans Holdings IPO Allotment Status | Click Here |
Abans Holdings IPO Listing Price:
| IPO Price Band | |
| Open | |
| Low | |
| High | |
| Close |
FAQ:
When will Abans Holdings IPO open for subscription?
Abans Holdings IPO is set to open on 12 December 2022.
What is Abans Holdings IPO Price Band?
Abans Holdings Limited IPO Price Band is ₹256 to ₹270 per share.
What is the lot size of Abans Holdings IPO?
Lot size of Abans Holdings Limited IPO is 55 Shares per lot.
What is the issue size of Abans Holdings IPO?
Abans Holdings Limited IPO issue size is ₹345.60 crore.
What is the last date to apply for Abans Holdings IPO?
Last date to apply Abans Holdings Limited IPO is 15 December 2022.
What is the Abans Holdings IPO Allotment Date?
Allotment Date for Abans Holdings Limited IPO is 20 December 2022.
What is the Abans Holdings IPO listing date?
Listing Date for Abans Holdings Limited IPO is 23 December 2022.
Abans Holdings IPO should I buy?
Yes, you should buy Abans Holdings Limited IPO.
How to apply Abans Holdings IPO through 5 Paisa?
- Login to your 5paisa account and select “Abans Holdings IPO” in the current IPO section.
- Enter the number of lots and price at which you wish to apply for the IPO.
- Enter your UPI ID and click on submit.
- You will receive a mandate notification to block funds in your UPI app.
- Approve the mandate request on your UPI and funds will be blocked
