Abans Holdings Limited has come up with an initial public offer (IPO). It will open on December 12-15, 2022 at Rs.256-270 a share. The IPO issue size is around Rs.345.60 crores. The minimum bid will be for 55 shares and in its multiples thereafter.
Overview
Abans Holdings Limited was incorporated in the year 2009. It represents the financial services arm of the Abans Group. It operates 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: Finance Business, Agency Business & Capital and other Business.
Abans Holdings is primarily a holding company and operates all its businesses through seventeen (17) subsidiaries (including three (3) direct subsidiaries and fourteen (14) indirect/step-down subsidiaries. With the above subsidiaries, it currently has active businesses in six (6) countries across the Eastern Continents, including Hongkong, the UK, UAE, China, Mauritius, and India. On a consolidated basis, the company employs 100 employees as of August 31, 2022.
Despite economic contraction caused by the pandemic & reduction in total income, the company’s restated Profit after tax has grown at a CAGR of 25.71% from Rs.3,921.64 lakhs in FY 19-20 to Rs.6,197.15 lakhs in FY 21-22.
Website – https://abansholdings.com/
Promoters
| Mr. Abhishek Bansal – 96.45% |
Promoter Holding
| Pre-Issue Shareholding – 97.42% | Post-Issue Shareholding – 72.09% |
Strength & Weakness
| Strengths | Weaknesses |
| An integrated financial services platform | Certain legal proceedings against Company |
| Strong human capital and organizational culture | Downward revision in credit rating risk |
| Global exposure providing innovative financial products | Negative net cash flows in the past |
| Strong relationships with clients and market participants | Required to comply with certain rules and regulations |
| Standardized operating procedures | Substantial political contribution |
| Efficient use of technology | Dependent on a few sets of market participants |
Services
| NBFC services | Private Client Stock Broking |
| Depositary Services | Asset Management Services |
| Investment Advisory Services | Wealth Management Services |
Business
| Finance Business | Agency Business | Capital and other Business |
Competitors
| Edelweiss Financial Services Limited |
| Choice International Limited |
| Geogit Financial Services Limited |
Company Financials
| Year | Revenue (in Crore) | Profit (in Crore) |
| 31-Mar-2020 | 2,771.88 | 39.22 |
| 31-Mar-2021 | 1,331.37 | 45.80 |
| 31-Mar-2022 | 646.23 | 61.97 |
| 30-Aug-2022 | 288.31 | 29.74 |
Object of Issue
1) Promoter Selling Shareholders propose to sell Equity Shares held by them
2) Further Investment in NBFC Subsidiary (Abans Finance Pvt. Ltd.) for financing the augmentation of its capital base to meet its future capital requirements
3) General Corporate Purpose
Abans Holdings IPO Lot Size
| Application | Lot | Shares | Amount |
| Retail (Min) | 1 | 55 | Rs.14,850 |
| Retail (Max) | 13 | 715 | Rs.1,93,050 |
| S-HNI (Min) | 14 | 770 | Rs.2,07,900 |
| B-HNI (Max) | 68 | 3,740 | Rs.10,09,800 |
Abans Holdings IPO Details
| IPO Opening Date | December 12, 2022 |
| IPO Closing Date | December 15, 2022 |
| Face Value | Rs.2 per Equity Share |
| IPO Price | Rs.256-270 per share |
| Market Lot | 55 shares |
| Minimum Order Quantity | 55 shares |
| Listing At | NSE, BSE |
| No. of shares offered (Fresh Issue) | 38,00,000 shares |
| No. of shares offered (OFS) | 90,00,000 shares |
| Issue Size | Up to Rs.345.60 Crore |
| QIB Shares Offered | 10% of the offer |
| Retail Shares Offered | 60% of the offer |
| NII/HNI Shares Offered | 30% of the offer |
Abans Holdings IPO Timetable
| IPO Date | December 12-15, 2022 |
| Allotment Date | December 20, 2022 |
| Initiation of Refunds | December 21, 2022 |
| Credit of share to Demat a/c | December 22, 2022 |
| IPO Listing Date | December 23, 2022 |
Allotment Status
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