Incorporated in 2009, Abans Holdings Limited is engaged in Financial Services, Gold Refining, Jewellery, Commodities Trading, Agricultural Trading and Warehousing, Software Development and Real Estate. The company represents the financial services arm of the Abans Group.
Abans Holdings Limited provides NBFC services, global institutional trading in equities, commodities and foreign exchange, private client stock broking, depositary services, asset management services, investment advisory services and wealth management services to corporates, institutional and high net worth clients.
The company’s business is divided into:
Finance Business: The company operates an RBI Registered NBFC (Non-Deposit taking).
Agency Business: The company is SEBI registered Stock and Commodity Exchange Brokers with memberships across all the major stock exchanges in India, including BSE, NSE, MSEI, MCX, NCDEX and ICEX.
Capital and other Business: The Capital Business includes the internal treasury operations which manage the excess capital funds.
The company is primarily a holding company and we operate all our businesses through our seventeen (17) subsidiaries (including three (3) direct subsidiaries and fourteen (14) indirect/step-down subsidiaries). The company has active businesses in six (6) countries across the Eastern Continents, including Hongkong, the UK, UAE, China, Mauritius and India.
On a consolidated basis the company has employed 100 employees as of August 31, 2022.
Competitive Strengths:
- An integrated financial services platform.
- Strong human capital and organizational culture.
- Global exposure providing innovative financial products.
- Strong relationships with clients and market participants.
- Standardized operating procedures and efficient use of technology.
Company Financials
| 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 |
| Amount in ₹ Crore |
Objects of the Issue
The Objects of the Net Fresh Issue is to raise funds for :
a) Further Investment in the NBFC Subsidiary (Abans Finance Pvt. Ltd.) for financing the augmentation of its capital base to meet its future capital requirements.
b) General Corporate Purpose.
Abans Holdings IPO Details
| IPO Date | Dec 12, 2022 to Dec 15, 2022 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price | ₹256 to ₹270 per share |
| Lot Size | 55 Shares |
| Issue Size | 12,800,000 shares of ₹2 (aggregating up to ₹345.60 Cr) |
| Fresh Issue | 3,800,000 shares of ₹2 (aggregating up to ₹102.60 Cr) |
| Offer for Sale | 9,000,000 shares of ₹2 (aggregating up to ₹243.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 10% of the Offer |
| NII (HNI) Shares Offered | Not less than 30% of the Offer |
| Retail Shares Offered | Not less than 60% of the Offer |
| Company Promoters | Mr. Abhishek Bansal is the company promoter. |
Abans Holdings IPO Tentative Timetable
Abans Holdings IPO opens on Dec 12, 2022, and closes on Dec 15, 2022. The Abans Holdings IPO bid date is from Dec 12, 2022 10.00 A.M. to Dec 15, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 12, 2022 |
| Closing Date | Dec 15, 2022 |
| Basis of Allotment | Dec 20, 2022 |
| Initiation of Refunds | Dec 21, 2022 |
| Credit of Shares to Demat | Dec 22, 2022 |
| Listing Date | Dec 23, 2022 |
Abans Holdings IPO Lot Size
The Abans Holdings IPO lot size is 55 shares. A retail-individual investor can apply for up to 13 lots (715 shares or ₹193,050).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,850 |
| Retail (Max) | 13 | 715 | ₹193,050 |
| S-HNI (Min) | 14 | 770 | ₹207,900 |
| B-HNI (Min) | 68 | 3,740 | ₹1,009,800 |
Abans Holdings IPO Promoter Holding
| Pre Issue Share Holding | 97.42% |
| Post Issue Share Holding | 72.09% |
Abans Holdings IPO Anchor Investors
Abans Holdings IPO Anchor investor bid ended on Dec 15, 2022. A total of 12,800,000 shares are offered to Anchor investors.Abans Holdings IPO Anchor Investor Lock-in Period is Dec 9, 2022 for 50% of equity shares and Apr 25, 2023 for the remaining portion.
- Anchor Investor Bid Date: Dec 9, 2022
- Anchor Portion Size: Rs.345.60 crore (Shares offered * Upper Price)
- Anchor lock-in period end date (50% Shares): Around Jan 31, 2023 (30 Days)
- Anchor lock-in period end date (remaining shares): Around Apr 25, 2023 (90 Days)
Abans Holdings IPO Prospectus
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/
Abans Holdings IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com