Abans Holding Limited has evolved from a commodities trading firm to a multi-asset, multi-national financial services firm with a diverse range of financial services companies in last few years. Abans Holdings IPO will hit the market in 12 December 2022.
Table of Contents
About Abans Holdings
They provide their clients with a comprehensive financial services platform that includes financing, institutional trading, private client brokerage, asset management, and investment advice services. In addition, they operate an in-house NBFC as well.
These services are available not just in Indian marketplaces, but also in other markets and exchanges throughout the world.
They have memberships in various global commodity and forex exchanges, including the London Metal Exchange (LME), Dubai Gold & Commodities Exchange (DGCX), Dalian Commodity Exchange (DCE), and Shanghai International Energy Exchange(INE), in addition to the BSE, NSE, MSEI, NCDEX, ICEX, MCX, and IIEL in India.
Journey
Their directors, senior management, and other experts, they think, are the primary cause for their great development and success in all of their companies. Mr. Abhishek Bansal, their Promoter and Managing Director, has over 15 years of expertise in the financial sector and is a first-generation entrepreneur.
He founded the Abans group in 2005 when he was 18 years old and now leads an internationally diverse company that is involved in financial services, gold refining, jewellery, commodities trading, agricultural trading and warehousing, software development, and real estate.
Mr. Bansal has earned several awards from various organisations throughout the world over the years.
Services
They are a global financial services firm that provides corporate, institutional, and high-net-worth individual clients with multi-asset global institutional trading in equities, commodities, and foreign exchange, private client broking, asset management and investment advisory services, and wealth management services.
They think that foreign exposure may assist their customers diversify their portfolios, resulting in a more balanced portfolio across regions.
They provide their clients with a cutting-edge trading platform as well as ultra-low latency FIX API connection. Their institutional and HNI clients with a risk appetite can take advantage of a Contract for Difference (CFD) solution.
Abans Holdings IPO
Abans Holdings Limited, headquartered in Mumbai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 1,28,00,000 Equity shares on 28 September 2021.
The offer includes 38,00,000 fresh equity shares and there is an offer for sale (OFS) of 90,00,000 Equity Shares by the promoters mentioned in the DRHP. They are looking for pre-IPO placement of 2,50,000 Equity Shares in this issue.
They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 1,181.73 | 1,213.05 | 1,086.15 | ||
| Total Revenue | 1,331.36 | 2,771.88 | 4,377.75 | ||
| Profit After Tax | 45.94 | 39.27 | 36.26 | ||
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2021 | 9.07 | 9.07 | 3 |
| Financial Year 2020 | 7.53 | 7.53 | 2 |
| Financial Year 2019 | 7.62 | 7.62 | 1 |
| Weighted Average | 8.32 | 8.32 |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of the offer
The following are some of the qualitative factors and their strengths that are used to determine the Offer Price:
- A platform for integrating financial services.
- Human capital and organisational culture are strong.
- Providing innovative financial products with a global reach.
- Client and market participant relationships are strong.
- Standardized operating procedures and effective technology utilization.
Abans Holdings IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 1 | Edelweiss Financial Services Limited | 29.37 |
| 2 | 1 | Geojit Financial Services Limited | 15.99 |
| 3 | 10 | Choice International Limited | 207.14 |
Abans Holdings IPO Details
| IPO Opening Date | 12 December 2022 |
| IPO Closing Date | 14 December 2022 |
| Issue Type | Book Building |
| Face Value | 02 per share |
| IPO Price | 256 to 270 per equity share |
| Market Lot | 55 |
| Min Order Quantity | INR 14850 |
| Listing At | BSE, NSE |
| Issue Size | 345.6 Cr |
| Fresh Issue | 38,00,000 Equity Shares |
| Offer for Sale | 90,00,000 Equity Shares |
Abans Holdings IPO Date
Abans Holdings IPO opening date is 12 December 2022, and the closing date is 14 December 2022. The Abans Holdings IPO issue may list on 23 December 2022.
| IPO Opening Date | 12 December 2022 |
| IPO Closing Date | 14 December 2022 |
| Basis of Allotment Date | 20 December 2022 |
| Initiation of Refunds | 21 December 2022 |
| Credit of Shares to Demat Account | 22 December 2022 |
| IPO Listing Date | 23 December 2022 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 50 |
Roughly
equivalent
|
| Non Institutional Investor | 15 |
Roughly
equivalent
|
| Retail | 35 | Minimum level of 1 lot, based on availability, for every shareholder. |
Abans Holdings IPO Allotment Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Abans Holdings IPO.
Abans Holdings IPO GMP
Abans Holdings IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:
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Check Out the GMP of all Other IPOs
Abans Holdings IPO Review
Abans Holdings IPO review : If you are looking for answer of Abans Holdings IPO is good or bad then you can apply for this IPO with long term view.
Abans Holdings IPO Risk
- COVID-19’s long-term effects might be severe, and they could harm their business.
- Certain legal procedures involve their Company, its Promoter/Director, its Subsidiaries, and its Group Companies. Any negative outcome in these actions might have a significant negative impact on their business.
- Abans Commodities (I) Private Limited, one of their subsidiaries, is being investigated by SEBI for alleged participation in/facilitation of pair-contracts as a trading member/clearing member.
- The general economic and market circumstances in India and throughout the world might have a significant negative impact on their company, financial position, cash flows, and operating performance.
Other Threats
- Some of their operations, such as agri-trading (taken out in China), warehousing, and other miscellaneous businesses, have a short operational history.
- Failure to maintain and enforce their rights to own and utilise trademarks, brand names, and identities may have a negative impact on their business.
- Their company has taken out an unsecured loan of INR 1,275.90 lakhs, which is repayable on demand. Any demand for repayment of such an unsecured loan from the lenders may have an impact on their cash flow.
- They have previously recorded negative net cash flows and may do so again in the future.
- Their firm has engaged in Related Party Transactions in the past and may do so again in the future, which might have a negative impact on their business.
Market Relationship
They have more than a decade of expertise in commodities, equities, and FX trading, both domestically and internationally. They have expanded their network of clients and merchants not only in India, but also globally, namely in the United Kingdom, Singapore, Mauritius, Hong Kong, and the Middle East.
They believe that by focusing on cultivating long-term relationships with their trading counterparts, as well as HNI and institutional clients, and serving them throughout their development, they have been able to form strong bonds with these clients, resulting in long-term sustainable and scalable business operations.
Operations
They’ve put in place standardised operating processes that have allowed them to build a scalable and reproducible business model that they can use globally and across their numerous finance product portfolios.
Their company activities entail a huge number of transactions across several nations and locations, all of which are conducted in numerous currencies.
They ‘ve developed standardised terms and operating processes for client acquisition, customer interaction, account management, and cash collection for their lending solutions.
Customer origination, disbursement, and collection are generally handled by distinct teams, as are compliance and research on a vast number of stocks.
Business Approach
They have strived to successfully use technology to suit the changing demands of their clients, trading staff, and other workers, and they will continue to do so.
They think that increasing their usage of technology is strategic and essential to their business since it allows them to standardise their business operations, improve their client and trade experience, and save costs.
They want to take use of the technology they have now and get closer to a model that matches their clients’ needs by making onboarding, transacting, and accessing other pertinent data easier through their digital platforms.
They anticipate that their clients’ user experience will improve as a result of these measures, allowing them to increase client loyalty.
Abans Holdings IPO Brokerage views
- Yes Securities : Not Updated
- Choice Brokering: Not Updated
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Not Updated
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
Abans Holdings IPO Subscription Status
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| 12 December 2022 | 1 | |||||
| 13 December 2022 | 2 | |||||
| 14 December 2022 | 3 |
Management
Mr. Abhishek Bansal is backed by a team of highly trained and experienced senior management, as well as experts with diverse backgrounds in commodities sales and trading, asset management and investment advisory services, finance and financing, and other relevant disciplines.
They think that their management team’s experience and knowledge of the varied financial markets in both local and global situations will enable them to capitalise on current and future market possibilities.
Their management personnel’s experience should also aid them in addressing and minimising the numerous risks that their firm entails.
Promoters
- Abhishek Bansal
Abans Group
Financial Services, Gold Refining, Jewellery, Commodities Trading, Agricultural Trading and Warehousing, Software Development, as well as Real Estate are all part of the Abans Group.
Mr. Abhishek Bansal, a young entrepreneur, created the company and now heads a worldwide team of skilled individuals operating expanding enterprises from India, the United Kingdom, Dubai, Shanghai, Hong Kong, Mauritius, and Singapore.
Promoter’s Holding
| Pre Issue Share Holding | 96.45% |
| Post Issue Share Holding |
Abans Holdings IPO Prospectus
Contact Details
Abans Holdings Limited
36, 37, 38A, Floor 3, Nariman Bhavan,
Backbay Reclamation, Nariman Point,
Mumbai – 400 021 Maharashtra India
Tel: +91 22 6179 0000
E-mail: [email protected]
Website: www.abansholdings.com
Registrar
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai – 400 059
Tel: +91 – 22 – 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Lead Manager(s)
- Aryaman Financial Services Limited
We hope we are able to answer all your questions about Abans Holdings IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
We do not engage in grey market trading or facilitate the purchase or sale of IPO forms. We don’t endorse such activities at all. We are sticky against such activities & never advise anyone to trade in grey market at all.
FAQ
Abans Holdings IPO Opening Date?
Abans Holdings IPO will open is 12 December 2022.
Abans Holdings IPO Listing Date?
Abans Holdings IPO will list is 23 December 2022.
Abans Holdings IPO GMP Today?
Abans Holdings IPO Grey Market Premium is INR 0 .
Abans Holdings IPO Allotment Date?
Abans Holdings IPO basis of allotment will be is 20 December 2022.
Lot size for Abans Holdings IPO?
Lot size for Abans Holdings IPO is 55.
