Abans Holdings IPO Details: Abans Holdings Ltd. IPO is scheduled to hit the market on December 12 and close on December 15. Abans Holdings plans to raise around ₹345.60 crores through an IPO with a sale of up to 12,800,000 equity shares of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Abans Holdings Limited is a global company that offers a range of services, including investment management, trading, broking, gold refining, non-banking financial services, agricultural trading, pharmaceuticals distribution, software development, and real estate development. They are part of the Abans Group and provide financial services.
The company’s business is divided into:
Finance, Agency, and Capital and Other Business.
- Our Finance business operates as a non-deposit taking NBFC registered with the Reserve Bank of India.
- Our Agency business is a SEBI-registered stock and commodity exchange brokerage with memberships on major Indian exchanges including BSE, NSE, MSEI, MCX, NCDEX, and ICEX.
- Our capital and other business includes managing our internal treasury operations and excess capital funds.
Abans Holdings IPO Details
Abans Holdings IPO opens on Dec 12, 2022, and closes on Dec 15, 2022. The Listing date for Abans Holdings IPO is on Dec 23, 2022. The price band for IPO is ₹256 to ₹270 per share and lot size of 55 shares.
|IPO Date||Dec 12, 2022 to Dec 15, 2022|
|Listing Date||Dec 23, 2022|
|Price||₹256 to ₹270 per share|
|Lot Size||55 Shares|
|Issue Size||₹345.60 Cr|
|Face Value||₹2 per share|
Abans Holdings IPO Tentative Timetable
Abans Holdings IPO date is Dec 13, 2022 and close date is Dec 15, 2022. The IPO allotment date is Dec 20, 2022. The refund initiation of IPO is on Dec 21, 2022. The credit of shares in demat account is on Dec 22, 2022. The listing date of Abans Holdings is on Dec 23, 2022.
|IPO Opening||Dec 12, 2022|
|IPO Closing||Dec 15, 2022|
|IPO Allotment Date||Dec 20, 2022|
|Refund Initiation||Dec 21, 2022|
|Shares Credit to Demat||Dec 22, 2022|
|Lisiting Date||Dec 23, 2022|
Abans Holdings IPO Lot Size
Lot Size of this IPO is 55 shares. A retail-individual investor can apply for up to 13 lots (715 shares or ₹193,050).
Abans Holdings IPO Promoter Holding
|Pre Issue Share Holding||97.42%|
|Post Issue Share Holding||72.09%|
Abans Holdings IPO Review
AHL is the financial service arm of the diversified Abans group. Despite a decline in top line revenue, the company has posted growth in its bottom line. Based on its financial track record, the IPO appears to be aggressively priced.
However, the allocation of just 10% for qualified institutional buyers, 30% for high net worth individuals, and 60% for retail investors raises some concern.
Well-informed and cash-surplus investors who are willing to take on additional risk may want to consider investing in AHL.
Abans Holdings IPO – Company Financials
Profit & Loss
|Particulars||MAR 2017||MAR 2018||MAR 2019||MAR 2020|
|Profit Before Tax||0||0||0.02||0.01|
|Provision for Tax||0||0||0.01||0|
|Adjusted EPS (Rs.)||0||0||0||0|
Abans Holdings IPO Subscription Status (Bidding Details)
|Qualified Institutions (QII)||4.10|
|bNII (bids above ₹10L)||2.15|
|sNII (bids below ₹10L)||0.13|
Abans Holdings IPO Broker Recommendations
- Capital Market: N/A
- Religare Broking: N/A
- Hem Securities: N/A
- Arihant Capital: N/A
Abans Holdings IPO FAQs
What is Abans Holdings IPO?
Abans Holdings is issuing 12,800,000 equity shares with a face value of ₹2 each, totaling up to ₹345.60 Cr. The shares are being offered at a price of ₹256 to ₹270 each, with a minimum order quantity of 55 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Abans Holdings will open?
Abans Holdings IPO will open on December 12, 2022 for QIB, NII, and Retail Investors.
When Abans Holdings IPO will end?
Abans Holdings IPO will end on December 15, 2022.
What is Abans Holdings IPO Size?
Abans Holdings IPO size is ₹552.00 crores.
What is Abans Holdings IPO Price Band?
Abans Holdings IPO price band is ₹256 to ₹270.
What is the Abans Holdings IPO Allotment Date?
Abans Holdings IPO allotment date is December 20, 2022.
What is the Abans Holdings IPO Listing Date?
Abans Holdings IPO listing date is December 23, 2022. The IPO is to be listed on BSE and NSE.
How to Apply Abans Holdings IPO through Zerodha?
To apply for the IPO “Abans Holdings” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don’t have one, open a demat account with Zerodha.
How to Apply Abans Holdings IPO through Upstox?
To apply for the IPO “Abans Holdings” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don’t have one, open a demat account with Upstox.
How to check Abans Holdings IPO Allotment Status?
To check the allotment status you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Abans Holdings IPO GMP?
You can check out here: Abans Holdings IPO GMP