Abans IPO

Abans Holdings IPO | Review

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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.


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/


Mr. Abhishek Bansal – 96.45%

Promoter Holding

Pre-Issue Shareholding – 97.42%Post-Issue Shareholding – 72.09%

Strength & Weakness

An integrated financial services platformCertain legal proceedings against Company
Strong human capital and organizational cultureDownward revision in credit rating risk
Global exposure providing innovative financial productsNegative net cash flows in the past
Strong relationships with clients and market participantsRequired to comply with certain rules and regulations
Standardized operating proceduresSubstantial political contribution
Efficient use of technologyDependent on a few sets of market participants


NBFC servicesPrivate Client Stock Broking
Depositary ServicesAsset Management Services
Investment Advisory ServicesWealth Management Services


Finance BusinessAgency BusinessCapital and other Business


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Company Financials

YearRevenue (in Crore)Profit (in Crore)

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

Retail (Min)155Rs.14,850
Retail (Max)13715Rs.1,93,050
S-HNI (Min)14770Rs.2,07,900
B-HNI (Max)683,740Rs.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 DateDecember 12-15, 2022
Allotment DateDecember 20, 2022
Initiation of RefundsDecember 21, 2022
Credit of share to Demat a/cDecember 22, 2022
IPO Listing DateDecember 23, 2022

Allotment Status

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About the author

Shankar Awale

Hey! I am Shankar Awale an aspiring blogger with an obsession for all things of Finance. This blog is dedicated to help people to learn about Financial Knowledge in easy language.

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