Incorporated in 2009, Abans Holdings Limited is the financial services arm of Abans Group, which provides services such as financial services, gold refining, jewellery, commodities trading, agricultural trading and warehousing, software development and real estate.
It is a holding company which operates all its businesses through 17 subsidiaries (3 direct subsidiaries and 14 indirect/step-down subsidiaries).
Group Structure
It provides 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 corporates, institutional and high net worth clients.
Its primary business can be divided into the following heads:
Finance Business: It operates a RBI Registered NBFC (Non Deposit taking) primarily focused on lending to private traders and other small and medium businesses involved in commodities trading.
Agency Business: It is a SEBI registered Stock and Commodity Exchange Broker with memberships across all the major stock exchanges in India.
It also has an FCA registered financial services firm in London with 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 noninstitutional trading services, wealth management and private client brokerage services, mainly in equity, commodities and foreign exchange.
Capital and other Business: Its Capital Business includes internal treasury operations which manages its excess capital funds by investing its capital in low / medium risk strategies, maintaining positions in physical as well as exchange traded commodities and other instruments.
It also provides Warehousing Services to commodity market participants.
Objects of Issue:
- Investment in the NBFC Subsidiary for financing the augmentation of its capital base to meet its future capital requirements.
- General Corporate Purpose.
Financial Snapshot (in Cr)
| Period Ended | Total revenue | PAT | Total Borrowing | Total Assets | Net Worth |
|---|---|---|---|---|---|
| August 31, 2022 | 288.31 | 29.74 | 76.92 | 1230.72 | 678.17 |
| March 31, 2022 | 646.23 | 61.97 | 85.9 | 1168.69 | 631.11 |
| March 31, 2021 | 1331.37 | 45.8 | 267.39 | 1181.51 | 561.95 |
| March 31, 2020 | 2771.88 | 39.22 | 318.79 | 1212.98 | 491.55 |
For more information, you can check the IPO Prospectus filed by the company 
Important information regarding the IPO
| Issue Period | 12th December - 15th December 2022 |
|---|---|
| Price Band | ₹ 256-270 |
| Minimum Bid Quantity | 55 and multiples thereof |
| Face Value | ₹ 2 |
| Number of Shares | 12,800,000 shares |
| Issue size | ₹ 345.60 Cr |
| Date of Allotment | 20th December, 2022 |
| Initiation of Refund | 21st December, 2022 |
| Credit of shares | 22nd December, 2022 |
| Date of Listing | 23nd December, 2022 |
| Mandate end date | 27th December, 2022 |
| Anchor Investors Lock-in End Date | 12th January, 2023 |
How do I apply for Abans Holding Limtied IPO?
You can apply for it using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Abans Holding Limited IPO?
You can check the allotment status on the website of the Registrar and Transfer agent .
Alternatively, you can also check the allotment status on the NSE website.