December 18, 2022
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Abans holdings IPO Analysis @ Chanakyanipothi.com,
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Abans holdings IPO Guidance: IPO size is not large and hence will receive good oversubscription. However the business of finance has nothing new and hence strong fancy is not expected.
Abans holdings Grey Market News Today #
Observation: Grey market premium has been very weak after poor response to the subscription. Now not much hopes for listing.
For latest updates of GMP & Subject to, click
Abans holdings Subscription Status
# On 15 December 2022 @ 5.00 pm(Closed)
QIB : 1280000 Shares, 4.10T
Big NII : 2560000 Shares, 2.15T
SmallNII: 1280000 Shares, 0.13T
RII : 7680000 Shares, 0.40T
Total : 12800000 Shares, 1.10T
Abans Holdings IPO Promoters
Mr. Abhishek Bansal
Abans Holdings IPO Company Details
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 group is founded by young entrepreneur – Mr. Abhishek Bansal who leads a global team of qualified people operating growing businesses from multiple locations including India, United Kingdom, Dubai, Shanghai, Hongkong, Mauritius and Singapore.
About the Company
It represents the financial services arm of the Abans Group. We 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 and wealth management services to corporates, institutional and high net worth clients.
Since the inception of the Company, it has grown from being a commodities trading company into a diversified multi-asset and multi-national financial services company having varied financial services businesses which are mainly organized as under:
• Finance Business: It operates a RBI Registered NBFC (Non Deposit taking). Its Finance business is primarily focused on lending to private traders and other small and medium businesses involved in the commodities trading market.
• Agency Business: It 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. Further being FCA registered financial services firm in London, it has direct/indirect memberships in various international exchanges like DGCX (Dubai), LME (London), INE and DCE (China). It is also a SEBI Registered Portfolio Management company as well as a SEBI Registered Category-I FPI. It offers various institutional and noninstitutional trading services, wealth management and private client brokerage services, mainly in equity, commodities and foreign exchange.
• Capital and other Business: Its Capital Business includes its internal treasury operations which manage its excess capital funds.
For more information, click www.abansholdings.com
Objects of the IPO
The Objects of the Net Fresh Issue is to raise funds for:
Further Investment in its NBFC Subsidiary (Abans Finance Pvt. Ltd.) for financing the augmentation of its capital base to meet its future capital requirements
| Abans Holdings IPO Details | |
| IPO opens on | 12 December ,2022 |
| IPO closes on | 15 December ,2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | up to 12800000 Shares / Rs 345.60 Cr |
| * Fresh Issue | 3800000 Sh/ Rs.102.60 |
| * Offer for Sale | 9000000Sh /Rs 243.00 Cr |
| Face Value per share: | Rs. 2 |
| Price Band | Rs. 256-270 |
| Employee discount | Rs. – per share |
| Retail Lot Size | 55 Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. |
| QIB (10 %) | 1280000 | 34.56 Cr |
| NII (30 %) | 3840000 | 103.68 Cr |
| RII (60 %) | 7680000 | 207.36 Cr |
| Employees | – | – |
| Total Shares | 12800000 | 345.60 |
| Retail portion will be oversubscribed by | 139636 Forms | |
| How much Shares to Apply? | Rs | |
| Min Retail Application | 55 Sh | 14850 |
| Max Retail Application | 715 Sh | 193050 |
| Small HNI (Min) application | 770 Sh | 207900 |
| Small HNI (Max) application | 3685 Sh | 994950 |
| Big HNI Application | 3740 Sh | 1009800 |
| Abans Holdings IPO Tentative timetable | |
| IPO opens on | 12 December ,2022 |
| IPO Closes on | 15 December ,2022 |
| IPO Allotment on | 20 December ,2022 |
| Unblocking of ASBA | 21 December ,2022 |
| Credit to Demat Accounts | 22 December ,2022 |
| Listing on | 23 December ,2022 |
| Registered Office of Abans Holdings | |
| 36, 37, 38A, Floor 3, Nariman Bhavan, Backbay Reclamation, Nariman Point, Mumbai – 400 021 | |
| Abans Holdings IPO Lead Managers | |
| ARYAMAN FINANCIAL SERVICES LIMITED | |
| Registrar to Abans Holdings IPO | |
| Bigshare Services Private Limited |
| Abans Holdings IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. | Rs. | Rs. | % | |
| 2019-20 | 2771.88 | 39.26 | 7.53 | 6.98 |
| 2020-21 | 1331.36 | 45.94 | 9.07 | 7.48 |
| 2021-22 | – | – | – | – |
| Book Value of the Share on | 31.03.2021 | Rs.121 | ||
| Book Value of the Share | after the IPO | Rs. | ||
| Offer Price | Rs. – | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | – |
| Upper offer price/Book Value Ratio | – |
| Upper offer price/BV after IPO Ratio | – |
Abans Holdings Peer Comparison
| As on date of DRHP | Total Income Rs. | Face | PE |
| Income | Value | Ratio of | |
| Rs. In Cr | Rs | ||
| The IPO Company | – | 2 | (?) |
| Edelweiss Financial Service | – | 1 | 29.37 |
| Geojit Financial | – | 1 | 15.99 |
| Choice International | – | 10 | 207.14 |
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