Abans Holdings IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP

Abans Holdings IPO Overview

The Globally recognized financial service entity, Abans Holdings Limited, has managed to attain all the necessary approvals and is now off to open its IPO in the market. The company will be accepting bids from 12^th December till 15^th December.

Abans Holdings IPO consists of a fresh issue of equity shares along with an offer for sale by the Promoter, Mr. Abhishek Bansal.

Abans Holdings IPO Important Dates

Abans Holdings IPO Dates have been confirmed now. The company is opening the IPO for subscribing from 12^th December, and the same will remain open till 15^th December. During this period, interested parties will have the liberty to apply and attempt to secure allotment of shares in their favor.

Further, the basis of allotment will be finalized on 20^th December, and the listing of the equity shares will be executed on 23^rd December.

Abans Holdings IPO Price, Size, Share Offerings

Through the upcoming IPO, Abans Holdings is opening doors for the public and making them an integral part of the company. The company is offering up to 38,00,000 Equity Shares through Fresh issues and up to 90,00,000 Equity Shares through Offer for Sale.

The price band for the application is set between Rs. 256 to Rs. 270 per share. Interested candidates can apply for the IPO in the lot, where the minimum lot size is 55 shares.

This is a book-built issue IPO, and the shares are proposed to be listed on NSE and BSE. The final Abans Holdings IPO Size is 12,800,000 shares having a face value of Rs. 2 each, and the Abans Holdings IPO Price will be determined post subscription.

Abans Holdings IPO Grey Market Premium

Grey Market, or the unofficial market, is a place for the trading of securities prior to their official listing on the mainboard exchanges. This market plays an integral part, and a significant portion of the investing audience relies on the information and circulation of this market.

You can check Abans Holdings IPO GMP from the table given above and make a cautious decision.

Abans Holdings IPO Subscription Status

Abans Holdings IPO Subscription will commence on 12^th December and will conclude on 15^th December. The subscription process is undisputedly one of the most important steps. This is where the interested parties looking to invest in the company can place their application.

The IPO price band and minimum lot size have been announced, and you can check the same in this given article. We strive to provide accurate, credible, and timely information to the audience such that they make an independent and open-minded with all necessary facts in hand.

Abans Holdings IPO Allotment Status

The basis of Abans Holdings IPO Allotment will be finalized on 20^th December. The company will determine the final issue price of the equity shares.

Allotment of shares will be made in online form through Demat Accounts. As per the scheme of Dematerialization, companies are not required to dispatch physical certificates to the company’s shareholders.

Abans Holdings IPO Live Performance

Check out the performance of Abans Holdings IPO and stay at the front with all the latest of the stock market. Stay updated with the most recent Abans Holdings IPO Price fluctuations and much more.

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Abans Holdings – Latest IPO News

Abans Holdings IPO is about to open on 12^th December 2022; place your bids online after thoroughly understanding its potential to become a jewel for your portfolio.

There are numerous aspects to be suspected and evaluated before the actual investment.

Abans Holdings – Company Review

Took off operations in 2009, Abans Holdings Limited is the financial services venture of Abans Group. The company Group is engaged in various material industries and caters to a wide customer base.

The company business can be primarily divided into three categories, comprising of:

• Finance Business
• Agency Business
• Capital and other business

Having such a wide area of operation allows the company to nurture the special needs and requirements of each of its customers and provide them utmost satisfaction.

Products or Services

The operations of Abans Holdings Limited are not limited to but include investment advisory services, trading in various assets like equity, commodities, and foreign exchange; it also serves as private client stock broking, depository services provider, and asset manager.

Along with individual customers, the company also proffers its services to corporates, institutions, and high-net-worth clients as a wealth management service provider.

Promoters and Holding

Mr. Abhishek Bansal is the Promoter of Abans Holdings Limited.

The management of the company comprises of:

1. Abhishek Bansal, in the position of Chairman and Managing Director
2. Nirbhay Vassa, in the position of Whole Time Director and Chief Financial Officer
3. Shivshankar Singh, in the position of Non-Executive Director
4. Rahul Dayama, in the position of Independent Director
5. Rachita Mehta, in the position of Independent Director
6. Ashima Chhatwal, in the position of Independent Director
7. Krishnamurthy Iyer, in the position of Vice President – Risk Management, Capital Market
8. Mahesh Kumar Cheruveedu, in the position of Executive Vice President & Head – Capital and Commodities Markets
9. Bhavik Thakkar, in the position of Chief Executive Officer – Wealth Management
10. Mayank Mundhra, in the position of Vice President – Risk Management
11. Chintan Mehta, in the position of Senior Vice President – Bullion Department
12. Ms. Sheela Gupta, in the position of Company Secretary and Compliance Officer

Is Abans Holdings good for Investment?

Abans Holdings Limited is a noted company in the financial segment. The company offers customers a wide range of products and services and caters to their financial expectations. You will find all the services under a single roof, from trading and depository services to wealth management.

Abans Holdings is an essential part of the Abans Group, which itself is involved in multiple sites of operations. The operations of Abans Holdings are not limited to the boundaries of India but have embarked on international footprints with countries across the Eastern Continents, including China, the UK, Hong Kong, Mauritius, and UAE. This makes the company have operative business in 6 countries.

Abans Holdings Financial Statements

Abans Holdings IPO Review

Abans Holdings IPO is a fresh issue of equity shares and an offer for sale. The company is raising funds to achieve its predetermined objectives.

The company aims to utilize the funds from the fresh issue towards making further investments in the NBFC subsidiary, known as Abans Finance Pvt. Ltd., and finance the augmentation to its capital base and for other general corporate purposes.

The Promoter of the company, Abhishek Bansal, will be making a withdrawal of his holding in the company. Abhishek Bansal is also in the role of Chairman and Managing Director for the company.

Abans Holdings IPO Details

Here are a few more details you need to know before investing in Abans Holdings IPO –

Abans Holdings IPO Issue Object

Abans Holdings has proposed diverse objectives for making the IPO offer and some of the objectives are:

Abans Holdings IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager based on the following qualitative and quantitative factors.

Qualitative factors are:

• 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

Quantitative factors are:

Abans Holdings IPO Lead Managers

Here is the list of Lead managers –

• ARYAMAN FINANCIAL SERVICES LIMITED

Abans Holdings IPO Registrar to offer

Check out the details of the registrar here –

BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves
Road, Andheri (East) Mumbai-400093, Maharashtra, India
Tel: +91 – 22 – 6263 8200;
Email: ipo@bigshareonline.com;
Investor Grievance Email: investor@bigshareonline.com;
Website: www.bigshareonline.com
Contact Person: Mr. Babu Raphael
SEBI Registration No.: INR000001385

Abans Holdings IPO – Other Details

• Statutory Auditor – M/s. D G M S & Co., Chartered Accountants
• Legal Counsel to the Company – M/S. KANGA & COMPANY (ADVOCATES & SOLICITORS)
• Bankers to the Company – ICICI Bank Limited

Abans Holdings IPO – Conclusion

The Abans Holdings IPO does look like a great opportunity for the financial sector followers. The potential seems to have unlimited potential to explore in the long run. The IPO is a combination of a fresh issue and an offer for sale.

The investors can apply to this multi-service provider and add this to the portfolio. The company has its operations in six countries, leveraging the benefits of having a wide customer base and beyond-count opportunities.

Also, the objectives state the growth and diversification plans of the company, which is another reason to associate with Abans Holdings.

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Abans Holdings IPO Review FAQs

What is the Issue Size of Abans Holdings IPO?

The Company is making an initial public offer of 1,28,00,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

What is the Price band of Abans Holdings IPO?

The price band for this particular IPO ranges between Rs 256 to Rs 270. As far as the face value of the share is of concern, it is Rs.2 per share.

What is the Abans Holdings IPO Open Date?

The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 12, 2022, while the closing date is set at Dec 15, 2022.

What is the Abans IPO Allotment Date?

They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Dec 20, 2022, refund initiation is on Dec 21, 2022, credit of shares is on Dec 22, 2022, and share listing date is on Dec 23, 2022.

What is the Abans IPO Listing Date?

Shares of this company shall be listed in the exchanges Dec 23, 2022. The date, when the listing would be done, is stagnant on Dec 23, 2022.

Who is the Registrar of Abans Holdings IPO?

One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.

Who is the Promoter of Abans IPO?

Here are the promoters of this IPO – MR. ABHISHEK BANSAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

What is the GMP of Abans IPO?

They have obtained the GMP of this IPO and it is Rs Disc. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

Is Abans Holdings IPO good for Investment?

They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

What is the PAT of Abans Holdings?

They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 6,197.15, 2021 is 4,579.57, 2020 is 3,921.64.

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