Abans Holdings IPO Details with Share Price Range and Issue Size
| Opening Date | 12, December 2022 |
| Closing Date | 15, December 2022 |
| Refund Initiation | 21, December 2022 |
| Listing Date | 23, December 2022 |
| Face Value | ₹2 per equity share |
| IPO Price Band | ₹256 to ₹270 per equity share |
| Minimum Order Quantity | 55 Shares |
| Issue Size | ₹345.60 Cr |
The month of December 2022, saw a couple of IPOs getting listed in the secondary market. Amongst those were Dharmaj Crop Guard and Uniports India Ltd. Dharmaj Crop Guard generated listing gains of over 12% for retail investors, the listing for Uniports is awaited. Now, as we come towards the end of this calendar year, there are some IPOs queued to be going live - among which is - Abans Holdings Ltd. In this article, let’s study the details of this IPO which will eventually help you to decide if it’s investment-worthy or not!
About the Company -
Incorporated in the year 2009, Abans Holdings Ltd is a globally diversified organization engaged in Investment Management, Trading, Broking, Gold Refining, Non-Banking Financial Services, Agricultural Trading, Pharmaceuticals Distribution, Software Development, and Real Estate Development. Abans Holdings Limited represents the financial services arm of the Abans Group.
The company operates all businesses through 17 subsidiaries (including 3 direct subsidiaries and 14 indirect/step-down subsidiaries)
The company is active in 6 countries across the Eastern Continents, including Hong kong, the UK, UAE, China, Mauritius and India.
The financials of the company for the last three financial years are given as below:
| Particulars | Three month period ended June 30, 2022 | As of and for the Financial Year ended March 31 | ||
| 2022 | 2021 | 2020 | ||
| Equity share capital | 9 | 9 | 9 | 3 |
| Net worth | 678 | 631 | 562 | 500 |
| Total Borrowings | 77 | 86 | 267 | 319 |
| Total Income | 288 | 646 | 1331 | 2772 |
| EBITDA | 32 | 92 | 82 | 97 |
| Profit after Tax | 30 | 62 | 46 | 39 |
| Earnings per Share (diluted) | 6 | 13 | 10 | 8 |
| Return on Equity | 9%* | 9% | 7% | 8% |
| Return on Capital Employed | 8%* | 11% | 9% | 10% |
all numbers stated are in crore, except share data.
*not annualized
Abans Holdings Ltd details -
Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Abans Holdings Ltd Ltd date and its share price.
Abans Holdings Ltd issue date -
According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is going live from December 12 and will be available for subscription until December 15, 2022.
Abans Holdings Ltd issue size -
The IPO comprises a fresh issue of 38 lakh shares and an offer-for-sale of 90 lakh shares by the promoter and founder Abhishek Bansal, who is also the chairman and managing director of the company.
10% of the offer is for QIBs (qualified institutional buyers), 60% for retail investors, and the balance 30% for NIBs (non-institutional investors).
Abans Holdings Ltd share price
The price band of the company’s upcoming IPO is declared to range between ₹256 to ₹270 per equity share
Abans Holdings Ltd listing
Since the IPO of Abans Holdings Ltd Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)
Abans Holdings Ltd objectives
The net proceeds of the Issue, i.e. gross proceeds of the Issue are proposed to be utilized in the following manner:
- 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 Ltd Strengths
- The integrated financial services platform
- Global exposure providing innovative financial products
- Strong relationships with clients and market participants
- Strong internal controls & risk management systems and efficient use of technology
Abans Holdings Ltd risks
- The company, Promoter/Director, Subsidiaries & Group Companies are parties to certain legal proceedings
- Any downward revision in credit ratings
- Failure to obtain, retain and renew certain approvals and licenses in timely
- Subject to interest rate volatility
Conclusion
If you wish to become a part of this exciting IPO opportunity, you will need to have an online Demat and trading account, which will help you get shares of your favorite companies. To get an online DEMAT account for Free*, all you have to do is sign-up with Motilal Oswal and get started.
If you are an existing customer with Motilal Oswal, you can now invest in the IPOs in just one click through UPI payment!
It’s all easy. It’s all good.
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