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All that you should know about the Company before applying for the IPO.

December 09, 2022     

The public issue of equity shares of ABANS HOLDINGS LIMITED will open for subscription on December 12, 2022 and closes on December 15, 2022. It is expected to list on the stock exchanges on December 23, 2022. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.

Company Profile

Incorporated in 2009, the company is part of Abans Group, a globally diversified organization engaged in Financial Services, Gold Refining, Jewellery, Commodities Trading, Agricultural Trading & Warehousing, Software Development and Real Estate.

The company represents the financial services arm of the Abans Group. They operate a diversified global financial services business, headquartered in India, providing NBFC services, global institutional trading in equities, commodities and foreign exchange, private client stock broking, depositary services, asset management services, investment advisory services & wealth management services to corporate, institutional, and high net worth clients.

The Company is primarily a holding company and operates businesses through seventeen subsidiaries (including three direct subsidiaries and fourteen indirect/step-down subsidiaries). They currently have active businesses in six countries across the Eastern Continents, including Hong Kong, the UK, UAE, China, Mauritius, and India.

The company has varied financial services businesses which are mainly organized as follows:

  • Finance Business: They operate as an RBI Registered NBFC (Non-Deposit taking).
  • Agency Business: They are 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 their internal Treasury operations which manage their excess capital funds. To achieve this, they invest in low/medium risk strategies while maintaining physical positions.

Who are the Promoters of the Company?

Mr. Abhishek Bansal

Positives about the Company

  • 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

Who are its listed peers?

  • Edelweiss Financial Services Ltd.
  • Geojit Financial Services Ltd.
  • Choice International Ltd.

Why is the Company going public?

Given below are the objectives of the Company –

The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.

The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding of the following objects:

  • 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

IPO Details

IPO Size ₹ 345.60 Crore *
Offer Mix Fresh Issue ₹ 345.60 + Offer For Sell ₹ 243
Price Band ₹ 256 - ₹ 270
Lot Size 55 Shares (& in multiples thereof)
Face Value ₹ 2
Application Amount Min. ₹ 14,850 (1 lot) | Max. ₹ 1,93,050 (13 lots) [at upper price band]
Listing on NSE & BSE
Registrar Bigshare Services Private Limited
Cut-off time for UPI Mandate Confirmation 15-December-2022 (up to 05:00 PM)
* at upper price band

Category Wise Availability *

QIB ₹ 34.56 Crore
(10% of the Issue Size)
NIB ₹ 103.68 Crore
(30% of the Issue Size)
Retail ₹ 207.36 Crore
(60% of the Issue Size)
* at upper price band

Indicative Issue Timeline

Activity Date
IPO Opens December 12, 2022
IPO Closes December 15, 2022
Finalization of the basis of allotment December 20, 2022
Unblocking of funds / Initiation of refunds December 21, 2022
Credit of equity shares to Demat accounts December 22, 2022
Listing of equity shares December 23, 2022
Source: Company RHP  Alternate Text


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