Abans Holdings Limited initiated its business operations in 2009. It is engaged in multiple businesses such as Gold Refining, Financial Services, Jewellery, Real Estate, Commodities Trading, Software Development and Agricultural trading and Warehousing. Abans Holdings Limited is the Financial Arm of Abans Group.
It operates an RBI registered NBFC under the Finance Business. Abans Holdings Limited has a licence to trade in all major exchanges like ICEX, MSEI, NSE, BSE, MCX and NCDEX making it a SEBI registered broker in Stock and Commodities market. As of today the company has 17 subsidiary companies and has been active in business across 6 countries. The company’s work force has a total of 100 employees.
IPO DETAILS
Abans Holdings Limited IPO is set to launch on 12 Dec., 2022. The subscription timeline extends till 15 Dec., 2022. The size for the IPO is 345.60 Crore Rs.. Shares issued through Offer For Sale are worth 243 Crore Rs. Shares issued through Fresh Issue mode are 102.60 worth Crore Rs. The lot size is 55 shares and the price range is 256 Rs. – 270 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 2 and this is a book built issue. The registrar for the company is Bigshare Services Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 12 Dec., 2022 |
| CLOSING DATE FOR IPO | 15 Dec., 2022 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 2 Rs. per share |
| IPO price band | 256 Rs. – 270 Rs. |
| LOT SIZE | 55 shares |
| MINIMUM ORDER QUANTITY | 55 shares |
| ISSUE SIZE | 345.60 Crore Rs. |
| OFFER FOR SALE | 243 Crore Rs. |
| FRESH ISSUE | 102.60 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 23 Dec., 2022 |
IMPORTANT DATES
| IPO OPENING DATE | 12 Dec., 2022 |
| CLOSING DATE FOR IPO | 15 Dec., 2022 |
| IPO ALLOTMENT DATE | 20 Dec., 2022 |
| REFUNDS | 21 Dec., 2022 |
| DEMAT A/C CREDITED ON | 22 Dec., 2022 |
| IPO LISTING DATE | 23 Dec., 2022 |
Abans Holdings Limited IPO begins for subscription from 12 Dec., 2022. The IPO subscription would continue till 15 Dec, 2022. The allotment status for the shareholders who applied would come on 20 Dec., 2022. The refunds for the ones who did not get allotment would be initiated on 21 Dec., 2022. The DEMAT accounts of shareholders would be credited on 22 Dec., 2022. The listing of the company would be accompanied on 23 Dec., 2022.
Lead Managers
The lead managers are :
- Aryaman Financial Services Limited
The minimum lot size for the company is decided at 55 shares. This holding accounts to 14850 Rs.. The maximum lot size is decided at 715 shares. This amounts to 193050 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 55 shares | 14850 Rs. |
| Maximum | 715 shares | 193050 Rs. |
OBJECTIVES FOR THE IPO
- The funds may be used for general corporate purposes.
- Abans Holdings Limited would invest the same in its NBFC Subsidiary For meeting further capital requirements.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2021-22 | 2020-21 | 2019-20 |
| ASSETS | 1167 | 1182 | 1213 |
| Revenue | 646 | 1331 | 2772 |
| PAT | 62 | 45 | 39 |
Abans Holdings Limited has an asset base of 1167 Crore Rs in 2022. The same was 1213 Crore Rs in 2020 which went down to 1182 Crore Rs in 2021. This describes that tech company’s assets have gone down consecutively for 2 years. On the other hand its revenue has also gone down. The decrease in revenue is much more as compared to the asset base. The revenue was 2772 Crore Rs in 2020 which went down to 1331 Crore Rs in 2021 and 646 Crore Rs in 2022. On the other hand with a decreased revenue the company is achieving more profits. The profit was 39 Crore Rs in 2020 when the revenue and assets were maximised. However in 2021 the same was 45 Crore Rs. In 2022 the profits went up to 62 Crore Rs.
PROS
- Abans Holdings Limited is engaged in multiple businesses such as Gold Refining, Financial Services, Jewellery, Real Estate, Commodities Trading, Software Development and Agricultural trading and Warehousing.
- It operates an RBI registered NBFC under the Finance Business.
- Abans Holdings Limited has a licence to trade in all major exchanges like ICEX, MSEI, NSE, BSE, MCX and NCDEX making it a SEBI registered broker in Stock and Commodities market.
- It has 17 subsidiary companies and has been active in business across 6 countries.
CONS
- It works in a highly competitive segment.
Abans Holdings Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Abans Holdings Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
