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All that you should know about the Company before applying for the IPO.
The public issue of equity shares of ABANS HOLDINGS LIMITED will open for subscription on December 12, 2022 and closes on December 15, 2022. It is expected to list on the stock exchanges on December 23, 2022. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Incorporated in 2009, the company is part of Abans Group, a globally diversified organization engaged in Financial Services, Gold Refining, Jewellery, Commodities Trading, Agricultural Trading & Warehousing, Software Development and Real Estate.
The company represents the financial services arm of the Abans Group. They operate 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 & wealth management services to corporate, institutional, and high net worth clients.
The Company is primarily a holding company and operates businesses through seventeen subsidiaries (including three direct subsidiaries and fourteen indirect/step-down subsidiaries). They currently have active businesses in six countries across the Eastern Continents, including Hong Kong, the UK, UAE, China, Mauritius, and India.
The company has varied financial services businesses which are mainly organized as follows:
Mr. Abhishek Bansal
Given below are the objectives of the Company –
The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding of the following objects:
| IPO Size | ₹ 345.60 Crore * |
|---|---|
| Offer Mix | Fresh Issue ₹ 345.60 + Offer For Sell ₹ 243 |
| Price Band | ₹ 256 - ₹ 270 |
| Lot Size | 55 Shares (& in multiples thereof) |
| Face Value | ₹ 2 |
| Application Amount | Min. ₹ 14,850 (1 lot) | Max. ₹ 1,93,050 (13 lots) [at upper price band] |
| Listing on | NSE & BSE |
| Registrar | Bigshare Services Private Limited |
| Cut-off time for UPI Mandate Confirmation | 15-December-2022 (up to 05:00 PM) |
| QIB |
₹ 34.56 Crore (10% of the Issue Size) |
|---|---|
| NIB |
₹ 103.68 Crore (30% of the Issue Size) |
| Retail |
₹ 207.36 Crore (60% of the Issue Size) |
| Activity | Date |
|---|---|
| IPO Opens | December 12, 2022 |
| IPO Closes | December 15, 2022 |
| Finalization of the basis of allotment | December 20, 2022 |
| Unblocking of funds / Initiation of refunds | December 21, 2022 |
| Credit of equity shares to Demat accounts | December 22, 2022 |
| Listing of equity shares | December 23, 2022 |
| Source: Company RHP |
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