Abans Holdings IPO
The initial share-sale comprises fresh issuance of equity shares of up to 38 lakh and an offer for sale of up to 90 lakh equity shares by...
IPO Details
- Open Date
12 Dec 2022
- Close Date
15 Dec 2022
- IPO
Price Range
₹ 256 to ₹ 270
- IPO
Size
₹ 345.60 Cr
- Listing Exchange
BSE, NSE
- Listing Date
23 Dec 2022
IPO Timeline
Last Updated: 20 December 2022 12:06 PM by 5Paisa
Abans Holdings, financial services arm of the Abans Group, IPO opens on 12th December and closes on 15th December.
The initial share-sale comprises fresh issuance of equity shares of up to 38 lakh and an offer for sale of up to 90 lakh equity shares by promoter Abhishek Bansal. At present, Bansal holds a 96.45 per cent stake in the company. The issue has a price band fixed at Rs 256-270 per share while the lot size is set at 55 shares. The shares will be allotted on 20th December while the listing date is set for 23rd December.
Aryaman Financial Services is the sole book-running lead manager to the issue.
Objective of Abans Holdings IPO
Proceeds from the fresh issue will be utilised towards
• Investment in its NBFC subsidiary, Abans Finance, for financing the augmentation of its capital base to meet future capital requirements
• for general corporate purposes
Abans Holding IPO Video
The company operates a diversified global financial services business, providing NBFC services, global institutional trading in equities, commodities and foreign exchange, private client stockbroking, depositary services, asset management services, investment advisory services, and wealth management services to corporate, institutional and high net worth individual clients.
It currently has active businesses across six countries including UK, Singapore, UAE, China, Mauritius, and India.
The company has varied financial services businesses such as:
Finance Business: RBI Registered NBFC (Non-Deposit taking) primarily focused on lending to private traders and other small and medium businesses involved in the commodities trading market
Agency Business: It is SEBI registered Stock and Commodity Exchange Brokers with memberships across all the major stock exchanges in India and FCA registered financial services firm in London and offers various institutional and noninstitutional trading services, wealth management and private client brokerage services, mainly in equity, commodities and foreign exchange.
Capital and other Business: It includes internal treasury operations which manage our excess capital fund.
The company is primarily a holding company and operates all its businesses through the eighteen (18) subsidiaries (including three (3) direct subsidiaries and fifteen (15) indirect / step-down subsidiaries).
Know About: Abans Holdings IPO GMP
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 638.63 | 1325.51 | 2765.21 |
| EBITDA | 92.49 | 81.53 | 96.90 |
| PAT | 61.97 | 45.80 | 39.22 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 1168.69 | 1181.51 | 1212.98 |
| Share Capital | 9.27 | 9.27 | 3.09 |
| Total Borrowings | 85.90 | 267.39 | 318.79 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -11.52 | 62.23 | 18.12 |
| Net cash from / (used in) investing activities | -37.86 | -3.06 | -14.28 |
| Net cash flow from / (used in) financing activities | -20.57 | 66.01 | 22.08 |
| Net increase (decrease) in cash and cash equivalents | -69.94 | 125.18 | 25.92 |
Peer Comparison
| Name of the Company | Revenue From Operations (in Rs. crores) | Basic EPS | Nav Rs. per share | PE | RoNW% |
|---|---|---|---|---|---|
| Abans Holdings Limited | 638.63 | 13.37 | 136.17 | NA | 9.01% |
| Edelweiss Financial Services Ltd. | 6,911.40 | 2.11 | 73.13 | 27.44 | 2.89% |
| Geojit Financial Services Ltd. | 480.79 | 6.31 | 29.2 | 7.28 | 21.61% |
| Choice International Ltd. | 285.96 | 13.84 | 105.86 | 19.44 | 13.07% |
Strengths
• An integrated financial services platform
• Strong human capital and organizational culture
• Global exposure providing innovative financial products
• Strong relationships with clients and market participants
• Standardized operating procedures and efficient use of technology
Risks
• Abans Commodities (I) Private Limited, one of the subsidiaries, is involved in a proceeding before SEBI regarding allegations of participation/facilitation by it of pair-contracts as a trading member/clearing member
• Failure to obtain, retain and renew certain approvals and licences in timely manner or comply with rules and regulations
• Subject to extensive statutory and regulatory requirements and supervision, which have material influence on, and consequence
• Dependent on a few sets of market participants or counter parties w.r.t the physical commodities trading activities which supports online exchange-based trading operations
• Any downward revision in its credit ratings could adversely affect their ability to service debts as well as raise funds
• Vulnerable to the volatility in interest rates and may face interest rate and maturity mismatches between assets and liabilities in the future which may cause liquidity issues
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FAQs
The price band of Abans Holdings IPO is fixed at ₹256 to ₹270 per share.
Abans Holdings IPO opens on 12th December and closes on 15th December.
The Abans Holdings IPO comprises fresh issuance of equity shares of up to 38 lakh and an offer for sale of up to 90 lakh equity shares by promoter Abhishek Bansal.
The allotment date of Abans Holdings IPO is 20th December
The Abans Holdings IPO listing date is 23rd December.
Abans Holdings IPO lot size is 55 shares. A retail-individual investor can apply for up to 13 lots (715 shares or ₹193,050).
The proceeds from the fresh issue will be used for:
- Investment in its NBFC subsidiary, Abans Finance, for financing the augmentation of its capital base to meet future capital requirements
- for general corporate purposes
To apply for Abans Holdings IPO, follow the steps given below
∙Login to your 5paisa account and select the issue in the current IPO section
∙Enter the number of lots and price at which you wish to apply for
∙Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
∙You will receive a mandate notification to block funds in your UPI app
Promoter of Abans Holdings is Mr. Abhishek Bansal
Aryaman Financial Services is the sole book-running lead manager to the issue.
Contact Information
Abans Holdings
Abans Holdings Limited
36, 37, 38A
Floor 3, Nariman Bhavan, Backbay Reclamation,
Nariman Point, Mumbai – 400021
Phone: +91 – 22 – 6179 0000
Email: compliance@abansholdings.com
Website: https://abansholdings.com/
Abans Holdings IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Abans Holdings IPO Lead Manager
Aryaman Financial Services limited