Abans Holdings IPO is all set to debut in the stock market on December 12 2022 with issue size of 345.6 crores, and is also known as the financial arm of aban group.
Abans Holdings IPO Details
| Abans Holdings LTD IPO Dates | 12 – 15 December 2022 |
| Abans Holdings LTD IPO Price | INR 256 – 270 per share |
| Fresh issue | 38,00,000 shares (INR 97.28 – 102.60 crore) |
| Offer For Sale | 90,00,000 shares (INR 230.40 – 243.00 crore) |
| Total IPO size | 128,00,000 shares (INR 327.68 – 345.6 crore) |
| Minimum bid (lot size) | 55 shares (INR 14,850) |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
| Documents | DRHP |
Abans Holdings IPO Tentative Timetable
| Event | Tentative Date |
| Opening Date | Dec 12, 2022 |
| Closing Date | Dec 15, 2022 |
| Basis of Allotment | Dec 20, 2022 |
| Initiation of Refunds | Dec 21, 2022 |
| Credit of Shares to Demat | Dec 22, 2022 |
| Listing Date | Dec 23, 2022 |
Abans Holdings Industry Overview
AUM managed by the mutual fund sector totaled 37.75 trillion (US$474.87 billion) as of July 2022, and there were 135.6 million total accounts. Systematic Investment Plan (SIP) inflows into Indian mutual fund schemes totaled 48,565 crore (US$ 6.10 billion). By the end of December 2021, equity mutual funds had had a net inflow of 22.16 trillion (US$ 294.15 billion).
The insurance sector is a significant part of India’s financial sector. The insurance sector has been rapidly growing. In FY22, life insurance company first-year premiums totaled $40.1 billion USD. Non-life insurance premiums totaled 36,680.69 crore (US$ 4.68 billion) in FY23 (through May 2022).
Abans Holdings Company Overview
Financial services, gold refining, jewellery manufacturing, commodities trading, agricultural trading and warehousing, software development, and real estate are all businesses that Abans Holdings Limited engages in. The business stands for the Abans Group’s financial services division.
Abans Holdings Limited offers corporate, institutional, and high net worth clients NBFC services, global institutional trading in stocks, commodities, and foreign exchange, private client stock broking, depositary services, asset management services, investment advisory services, and wealth management services.
Abans Holdings IPO Objectives
The main objectives of the issue are as follows:
a) Further Investment in the NBFC Subsidiary (Abans Finance Pvt. Ltd.) for financing the augmentation of its capital base to meet its future capital requirements.
b) General Corporate Purpose.
Abans Holdings Financial
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | 5M FY 2023 | |
| Revenue | 4,371.37 | 2,765.21 | 1,325.51 | 638.63 | 284.90 |
| Expenses | 4,339.34 | 2,729.50 | 1,282.26 | 580.44 | 258.47 |
| Net income | 42.03 | 34.83 | 41.90 | 56.88 | 27.28 |
| Margin (%) | 0.96 | 1.26 | 3.16 | 8.91 | 9.58 |
Abans Holdings Offer News
Abans Holdings IPO Strengths
- An integrated financial services platform
- Strong human capital and organizational culture
Abans Holdings IPO Weaknesses
- Continuing impacts of COVID-19.
- Company is primarily a holding Company and operates its all business through 17 subsidiaries.
Company Contact Information
Abans Holdings Limited
36, 37, 38A
Floor 3, Nariman Bhavan, Backbay Reclamation,
Nariman Point, Mumbai – 400021
Phone: +91 – 22 – 6179 0000
Email: compliance@abansholdings.com
Website: https://abansholdings.com/
Abans Holdings IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Abans Holdings IPO Lead Manager(s)
- Aryaman Financial Services limited (Past IPO Performance)
