Abans group is globally diversified organisation 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 providing 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.
Abans Holdings is primarily a holding company and operate all the businesses through their seventeen (17) subsidiaries (including three (3) direct subsidiaries and fourteen (14) indirect / step-down subsidiaries). The company have active businesses in across six (6) countries across the Eastern Continents, including Hongkong, the UK, UAE, China, Mauritius and India.
On a consolidated basis the company has 100 employees as of August 31, 2022.
Abans Holdings IPO – Details
| IPO Opening Date | 12 December 2022 |
| IPO Closing Date | 15 December 2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ₹345.6 Crore |
| Fresh Issue | 38,00,000 shares |
| Offer For Sale | 90,00,000 shares |
| Face Value | ₹2 per equity share |
| IPO Price | ₹256 – ₹270 |
| Market Lot | 55 Shares |
| Min Order | 55 Shares |
| Listing At | BSE, NSE |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 10% |
| NII (HNI) Shares Offered | 30% |
| Retail Shares Offered | 60% |
Abans Holdings IPO – Date Schedule
| IPO Open Date | 12 December 2022 |
| IPO Close Date | 15 December 2022 |
| Basis of Allotment Date | 20 December 2022 |
| Initiation of Refunds | 21 December 2022 |
| Credit of Shares to Demat Account | 22 December 2022 |
| IPO Listing Date | 23 December 2022 |
Abans Holdings IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | 14,850 |
| Retail (Max) | 13 | 715 | 1,93,050 |
| S-HNI (Min) | 14 | 770 | 2,07,900 |
| B-HNI (Min) | 68 | 3740 | 10,09,800 |
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 Promoters
- Mr. Abhishek Bansal
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 2771.87 | 2729.55 | 39.21 |
| 31 March 2021 | 1331.36 | 1282.25 | 45.79 |
| 31 March 2022 | 646.23 | 580.43 | 61.97 |
| 31 August 2022 | 288.30 | 258.47 | 29.74 |
Object Of The Issue
- Further Investment in the NBFC Subsidiary (Abans Finance Pvt. Ltd.) for financing the augmentation of its capital base to meet its future capital requirements.
- General Corporate Purpose.
Abans Holdings IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 1 | Edelweiss Financial Services Limited | 27.44 |
| 2 | 1 | Geogit Financial Services Limited | 7.28 |
| 3 | 10 | Choice International Limited | 19.44 |
Abans Holdings IPO Strengths
- An integrated financial services platform.
- Strong human capital and organizational culture.
- Strong relationships with clients and market participants.
- Standardized operating procedures and efficient use of technology.
Abans Holdings IPO Risks
- Abans Commodities (I) Private Limited, one of the subsidiaries, is involved in a proceeding before SEBI regarding allegations of participation/facilitation by it of pair-contracts as a trading member/clearing member.
- Failure to obtain, retain and renew certain approvals and licences in timely manner or comply with rules and regulations.
- Subject to extensive statutory and regulatory requirements and supervision, which have material influence on, and consequence.
- Dependent on a few sets of market participants or counter parties w.r.t the physical commodities trading activities which supports online exchange-based trading operations.
- Any downward revision in its credit ratings could adversely affect their ability to service debts as well as raise funds.
- Vulnerable to the volatility in interest rates and may face interest rate and maturity mismatches between assets and liabilities in the future which may cause liquidity issues.
Abans Holdings IPO Promoter Holding
| Pre Issue Share Holding | 97.42% |
| Post Issue Share Holding | 72.09% |
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 |
Abans Holdings IPO Lead Manager(s)
| 1. Aryaman Financial Services limited |
Abans Holdings IPO FAQs
| What is Abans Holdings IPO? Abans Holdings IPO is a main-board IPO. The issue is priced at ₹256 to ₹270 per equity share. The IPO is to be listed on BSE & NSE. |
| When Abans Holdings IPO will open? The IPO is to open on 12 December 2022 for QIB, NII, and Retail Investors. |
| What is Abans Holdings IPO Investors Portion? The investors’ portion for QIB – 10%, NII – 30%, and Retail – 60%. |
| How to Apply the Abans Holdings IPO? You can apply Abans Holdings IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Abans Holdings IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Abans Holdings”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Abans Holdings IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Abans Holdings”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Abans Holdings IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Abans Holdings”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Abans Holdings IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Abans Holdings”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Abans Holdings IPO Size? Abans Holdings IPO size is ₹345.6 Cr. |
| What is Abans Holdings IPO Price Band? Abans Holdings IPO Price Band is ₹256 to ₹270. |
| What is Abans Holdings IPO Minimum and Maximum Lot Size? The minimum bid is 55 Shares with ₹14,850 amount while the maximum bid is 715 shares with ₹1,93,050. |
| What is the Abans Holdings IPO Allotment Date? Abans Holdings IPO allotment date is 20 December 2022. |
| What is the Abans Holdings IPO Listing Date? Abans Holdings IPO listing date is 23 December 2022. The IPO is to list on BSE and NSE. |
