-- / 55 shares

IPO Details

Issue Date

--

Investment/lot

--

Price Range

256 - 270

Lot Size

55

IPO Size

₹ 345.60 Cr

IPO Listing Details

Listing On

23 Dec'22

Issue Price

270

Listed Price

₹ 273

Retail Gain/Listing Gain

1.11%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Abans Holdings Limited 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.

Abans group is globally diversified organisation engaged in Financial Services, Gold Refining, Jewellery, Commodities Trading, Agricultural Trading and Warehousing, Software Development and Real Estate.

Since inception, the company 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). The company’s Finance business is primarily focused on lending to private traders and other small and medium businesses involved in the commodities trading market.

Agency Business: The company is a 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 offering various institutional and non-institutional trading services, wealth management and private client brokerage services, mainly in equity, commodities and foreign exchange.

Capital and other Business: The Capital Business includes the company’s internal treasury operations which manages its excess capital funds. The company does so by investing their capital in low / medium risk strategies, maintaining positions in physical as well as exchange traded commodities and other instruments. Further it provides Warehousing Services to commodity market participants.

The company is primarily a holding company and operates all of its businesses through 17 subsidiaries (including 3 direct subsidiaries and 14 indirect / step-down subsidiaries.

With the above subsidiaries, it currently has active businesses in across 6 countries across the Eastern Continents, including Hongkong, UK, UAE, China, Mauritius and India.

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An integrated financial services platform
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Global exposure providing innovative financial products
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Strong relationships with clients and market participants
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Standardized operating procedures and efficient use of technology
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Here are a few strategies Abans Holdings Limited has for its business:

  • Using technology to create greater scalability
  • Continue to expand lines of business into complementary businesses-
  • Augment fund based capacities in order to scale up business operations

And finally here’s a look at key financials of Abans Holding Limited

Particulars (in Rs. million)

Particulars (in Rs. million)

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Abans Holdings Ltd IPO FAQs

Abans Holdings Ltd will list on 2022-12-23.

345.60 is the issue size of Abans Holdings Ltd IPO.

The price band of Abans Holdings Ltd IPO is ₹256 to ₹270.

The Abans Holdings Limited IPO has an issue size of Rs. 346 crores. The IPO opens for subscription on 12th December and ends on 15th December.

The allotment dates are yet to be announced.

Bigshare Services Private Limited is the registrar for this IPO.

You can read more about Abans Holdings Limited and its IPO from the company’s red herring prospectus (RHP) here: Abans Holdings Limited RHP.

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