Abans Holdings was incorporated on September 24, 2009. It is a financial services arm of the Abans Group and operates as a diversified global financial services business, headquartered in India. It provides 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.
| Bidding Dates |
|---|
| 12 Dec 2022 - 15 Dec 2022 |
| Subscription |
|---|
| 1.1x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,850 | 1 | 13 | 55 | 12.8 M | ₹256 - ₹270 | 74.47 % | ₹3276.8 M - ₹3456.0 M | RHP DOC |
Abans Holdings IPO SUBSCRIPTION STATUS
15 Dec '22Abans Holdings IPO overall subscription rate was 1.1 times the total available shares
Abans Holdings IPO retail subscription rate was 0.4 times in the retail segment
Abans Holdings IPO non-institutional investor subscription rate was 1.48 times in the non-institutional investor category
Abans Holdings IPO Qualified Institutional Bidder subscription rate was 4.1 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 60% | 30% | 10% |
15 Dec 2022 (Day 4) | 0.4x | 1.48x | 4.1x |
14 Dec 2022 (Day 3) | 0.32x | 0.17x | 2.19x |
13 Dec 2022 (Day 2) | 0.23x | 0.13x | 1.01x |
12 Dec 2022 (Day 1) | 0.13x | 0.12x | 0x |
Abans Holdings FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 5MFY23 | 297.4 | 2,849.0 | 286.9 | 285.1 | 11.3% |
| FY22 | 619.7 | 6,386.3 | -115.2 | -115.5 | 14.5% |
| FY21 | 458.0 | 13,255.1 | 622.3 | 621.3 | 6.2% |
| FY20 | 392.2 | 27,652.1 | 181.2 | 135.0 | 3.5% |
Abans Holdings IPO SUBSCRIPTION STATUS DETAILS
Abans Holdings had 12.8 M shares on offer
Abans Holdings IPO offer price was in the range ₹256 - ₹270
Abans Holdings IPO minimum Investment was ₹14850
Abans Holdings IPO issue size was ₹ 3276.8 M - ₹ 3456.0 M
Abans Holdings had a minimum lot size of 55 Shares per application
Abans Holdings NUMBER OF SHARES ON OFFER
Abans Holdings IPO IMPORTANT DATES
| Issue Open Date | 12 Dec 2022 |
| Issue close Date | 15 Dec 2022 |
| Allotment Date | 20 Dec 2022 |
| Refund Date | 21 Dec 2022 |
| Demat Account Credit Date | 22 Dec 2022 |
| Listing Date | 23 Dec 2022 |
| Listing on Exchange(s) | NSE and BSE |
| Abans Holdings Allotment Status | Exchange |
Abans Holdings IPO subscription opened on 12 Dec 2022, and closed on 15 Dec 2022
IPO allotment for Abans Holdings was finalized on Tuesday, 20 Dec 2022
IPO listing for Abans Holdings was on NSE and BSE on Friday, 23 Dec 2022
Abans Holdings IPO LISTING GAINS
| Issue Price (adjusted) | 270.0 |
| Listing Open Price | 273.0 |
| Listing Close Price | 218.4 |
| Listing Gain% | 1.1% |
| Current Gain% | -25.5% |
Abans Holdings Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Abans Financial Services Ltd. | 201 | 1008.1 | 10.6 | -1.9 | 0 | 7.7 | 3.3 | 23879.2 | 627.3 | 96.3 | -5.5 | 18.9 | -5.5 |
| Bajaj Finance Ltd. | 1078 | 671157.9 | 33.1 | 2 | 7.8 | 16.7 | 3.4 | 81989.5 | 17.6 | 19017.4 | 14.3 | 32.6 | 16.5 |
| Shriram Finance Ltd. | 1115 | 262353.7 | 23.2 | 1.4 | 5.2 | 15.2 | 3.1 | 48192.6 | 15.1 | 10024.2 | 4.9 | 48.1 | 16.8 |
| Jio Financial Services Ltd. | 256.8 | 169568.7 | 82.1 | 3 | 34.6 | 1.2 | 1 | 3542.6 | 70.4 | 1560.9 | -3.2 | 3.1 | 27.2 |
| Cholamandalam Investment & Finance Company Ltd. | 1866.2 | 157282.2 | 27.3 | 0.9 | 4.8 | 17.2 | 2.1 | 31538.7 | 20.6 | 5232.6 | 22.8 | 68.2 | 29.1 |
| Tata Capital Ltd. | 370.3 | 157187.5 | 29.1 | 1 | 4.8 | 10.8 | 1.7 | 31582.6 | 11.3 | 4846.1 | 32.2 | 12.7 | 28.9 |
Abans Holdings IPO Reports
Abans Holdings INFORMATION ON IPO ISSUE
About Abans Holdings
Abans Holdings was incorporated on September 24, 2009. It is a financial services arm of the Abans Group and operates as a diversified global financial services business, headquartered in India. It provides 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.
Object of the Issue
- Further investment in the NBFC subsidiary (Abans Finance) for financing the augmentation of its capital base to meet its future capital requirements
- General corporate purpose
Abans Holdings - PROMOTERS
| Name |
|---|
| Abhishek Bansal |
Abans Holdings Book Running Lead Manager
Aryaman Financial Services Limited
ipo@afsl.co.in
Abans Holdings Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Abans Holdings Strengths
An integrated financial services platform
The company offers an integrated financial services platform with various financial services and products, including financing, institutional trading, private client brokerage, asset management and investment advisory services
Global exposure
The company is a global financial services provider offering opportunities in multi-asset global institutional trading in equities, commodities and foreign exchange, private client broking, asset management and investment advisory services, and wealth management services to corporate, institutional and high-net-worth individual clients
Strong clientele
The company is in the business of commodities, equities and forex trading. It has amassed an experience of more than a decade and over that period, it has grown its network of clients and traders in India and also on a global scale, mainly in the UK, Mauritius, Hongkong and West Asia
Standardised operating procedures
The company has implemented standardised operating procedures that have enabled it to develop a scalable and replicable business model across the globe and various financing product portfolio
Abans Holdings Risks
Legal proceedings
The company, promoter/director, subsidiaries and group companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the business, results of operations and financial condition
Operates business through subsidiaries
The company is primarily a holding company and operates all of its businesses through its 17 subsidiaries. The performance of these subsidiaries may adversely affect the results of operations
Negative net cash flows
The company has reported negative net cash flows in the past and may do so in the future
Unsecured advances
A majority of the advances by the NBFC are unsecured and are not supported by any collateral that could help ensure repayment of the loan
IPO FAQs
This IPO consists of an offer for sale of up to Rs 243.0 crore, of 9,000,000 shares. It also consists of a fresh issue of Rs 102.6 crore.
The promoter of the company is Abhishek Bansal.
The category allocation of qualified institutional buyers is 10.0%, the category allocation of non individual investors or high networth individuals is 30.0% and for retail investors it is 60.0%.
The price band of the IPO is Rs 256.0 - 270.0.
The IPO application opens on Dec 12, 2022 and closes on Dec 15, 2022.
The minimum lot size for the IPO is 55. The maximum lot size for the IPO is 715.
For all category investors, the minimum application amount for this IPO is Rs. 14,850.0, the maximum value for this IPO is Rs 193,050.0.
This IPO will be allotted on Dec 20, 2022.
The refund will be credited to your account on Dec 21, 2022.
The allotted shares will be credited to your demat on Dec 22, 2022.
Abans Holdings Ltd.’s shares listed on the stock exchanges on Dec 23, 2022.