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.
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
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.
