Abans Holdings IPO Review

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.

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 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.

Event	Date
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

Lot Size of this IPO is 55 shares. A retail-individual investor can apply for up to 13 lots (715 shares or ₹193,050).

Category	Lots	Shares	Amount
Retail(Minimum)	1	55	₹14,850
Retail(Maximum)	13	715	₹193,050
S-HNI (Minimum)	14	770	₹207,900
B-HNI (Minimum)	67	3,740	₹1,009,800

Pre Issue Share Holding	97.42%
Post Issue Share Holding	72.09%

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.

Particulars	MAR 2017	MAR 2018	MAR 2019	MAR 2020
Net Sales	0	0	0.68	1.09
Total Expenditure	0.02	0.02	0.69	1.11
Operating Profit	-0.02	-0.02	-0.01	-0.02
Other Income	0.03	0.03	0.03	0.03
Interest	0	0	0	0
Depreciation	0	0	0	0
Exceptional Items	0	0	0	0
Profit Before Tax	0	0	0.02	0.01
Provision for Tax	0	0	0.01	0
Net Profit	0	0	0.02	0
Adjusted EPS (Rs.)	0	0	0	0

Investor	Subscription
Qualified Institutions (QII)	4.10
Non-Institutional Buyers	1.48
bNII (bids above ₹10L)	2.15
sNII (bids below ₹10L)	0.13
Retail Investors(RII)	0.40
Employees	–
Others	–
Total	1.10

• Capital Market: N/A
• Religare Broking: N/A
• Hem Securities: N/A
• Arihant Capital: N/A