Abans Holdings IPO Review

 
Abans Holdings IPO GMP

IPO Open Date: December 12, 2022

IPO Close Date: December 15, 2022

IPO Price: ₹256 to ₹270 per share

Lot Size: 55 Shares

Listing: December 23, 2022

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 DateDec 12, 2022 to Dec 15, 2022
Listing DateDec 23, 2022
Price₹256 to ₹270 per share
Lot Size55 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.

EventDate
IPO OpeningDec 12, 2022
IPO ClosingDec 15, 2022
IPO Allotment DateDec 20, 2022
Refund InitiationDec 21, 2022
Shares Credit to DematDec 22, 2022
Lisiting DateDec 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).

CategoryLotsSharesAmount
Retail(Minimum)155₹14,850
Retail(Maximum)13715₹193,050
S-HNI (Minimum)14770₹207,900
B-HNI (Minimum)673,740₹1,009,800

Abans Holdings IPO Promoter Holding

Pre Issue Share Holding97.42%
Post Issue Share Holding72.09%

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

ParticularsMAR 2017MAR 2018MAR 2019MAR 2020
Net Sales 000.681.09
Total Expenditure 0.020.020.691.11
Operating Profit -0.02-0.02-0.01-0.02
Other Income 0.030.030.030.03
Interest 0000
Depreciation 0000
Exceptional Items 0000
Profit Before Tax 000.020.01
Provision for Tax000.010
Net Profit 000.020
Adjusted EPS (Rs.) 0000
 (All Figures in Cr. Adjusted EPS in Rs.)

Abans Holdings IPO Subscription Status (Bidding Details)

InvestorSubscription
Qualified Institutions (QII)4.10
Non-Institutional Buyers1.48
  bNII (bids above ₹10L)2.15
  sNII (bids below ₹10L)0.13
Retail Investors(RII)0.40
Employees
Others
Total1.10

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

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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