Abans Holdings Limited

Abans Holdings Limited

Abans Holdings Limited
listed
₹14,080Min. investment
  1. Bid start
    12 Dec
  2. Bid end
    15 Dec
  3. Allotment
    14 Dec
  4. Release of funds
    21 Dec
  5. Demat transfer
    20 Dec
  6. Listing
    23 Dec

About Abans Holdings Limited

Price range₹256 – ₹270
IPO type
Regular
Lot size55 shares
Issue size₹346Cr
RHP/DRHP
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Checklist

Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

About Abans Holdings   IPO

Abhishek Bansal was introduced to the world of derivatives by his father at a very young age. When he was 14-15 years old, Bansal realised that he had a passion for investing and trading. This set him on the path of entrepreneurship in the field of finance. In 2005, he incorporated a commodities trading company, which today has become a diversified global financial services provider.
From lending to global institutional trading and asset management to investment advisory, Abans Holdings provides a variety of services to corporates, institutions and high net worth clients.
Abans Holdings, which is the financial arm of the Abans Group, operates its business through 17 subsidiaries. It has active businesses in six countries including UK, Singapore, UAE, China, Mauritius and India.
Now, this company is all set to launch on the stock exchange through the IPO route. The Abans Holdings IPO will be a combination of an offer for sale and a fresh issue. The money raised through the fresh issue of Abans Holdings ltd IPO will be used for shoring up the base capital of the company’s non-banking finance subsidiary – Abans Finance.
Here are key details about the Abans Holdings IPO:
Company NameAbans Holdings Company TypePrivate
Company Established On2009

Financial snapshot

ParticularsFY 20FY 21FY 22
Revenue₹ 2,765.2 crore₹ 1,325.5 crore₹ 638.6 crore
Net Profit₹ 39.2 crore₹ 45.9 crore₹ 61.9 crore
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Here’s a quick look at Abans Holdings IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

  1. Its finance business is primarily focused on lending to private traders and other small and medium businesses involved in the commodities trading market
  2. Has memberships across various global commodity and forex exchanges including London Metal Exchange and Shanghai International Energy Exchange
  3. Provides warehousing services to commodity market participants
  4. Its integrated service platform allows it to leverage relationships across lines of businesses, thereby increasing the ability to cross-sell services
  5. Has a diversified customer base of clients and traders across India, UK, Singapore, Mauritius, Hongkong and the Middle East

Risks and threats

  1. Requires several statutory and regulatory permits, licences and approvals
  2. Its treasury operations may be affected by volatility in interest rates and liquidity
  3. The demand for wealth management products may be adversely affected by market movements and volatility, leading to reduction in its commission income
  4. A majority of advances or loans by its NBFC are unsecured and are not supported by any collateral
  5. The financial services industry globally and in India is fragmented and typified by low barriers to entry

Abans Holdings IPO details

**** Abans Holdings IPO date

The offer document filed by the company with the SEBI mentions that the Abans Holdings IPO’s opening date – in other words, the Abans Holdings IPO launch date – will be on 12 December 2022. The Abans Holdings IPO closing date is 15 December 2022. After this, investors will be updated about the allotment status on 20 December 2022.
Investors, who have been allotted shares, can expect them to be credited in their demat account on 22 December 2022. The Abans Holdings IPO listing date is 23 December 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.

**** Abans Holdings IPO Price Band

The entire IPO is a book-built issue. The Abans Holdings IPO price band has been set between ₹256 and ₹270 per share. Interested investors can choose a price within this band to apply for the IPO.
The Abans Holdings IPO listing price will be determined on 23 December 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges.

**** Abans Holdings IPO Lot size

The Abans Holdings IPO details have been declared. The Abans Holdings IPO lot size is set at 55 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 13 lots (715 shares). Meanwhile, the Abans Holdings IPO issue size is ₹346 crore.

How to pre-apply for the Abans Holdings IPO?

You can pre-apply for the Abans Holdings IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Abans Holdings IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Pre-Apply’
  7. Accept the mandate on your UPI app

How to apply for the Abans Holdings IPO?

If you are interested in this investment opportunity but unsure how to apply for the Abans Holdings IPO, here we are listing out the steps for you.
Here’s a step-by-step guide on how to apply for the Abans Holdings IPO on Upstox:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Abans Holdings IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Apply’
  7. Accept the mandate on your UPI app

How to check the Abans Holdings IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around three to five days after an IPO closes. This is also true in the case of the Abans Holdings IPO.
The Abans Holdings IPO’s closing date is 15 December 2022 . The Abans Holdings IPO’s allotment date has been set five days later, on 20 December 2022.
Here’s a step-by-step guide on how to check the Abans Holdings IPO allotment status:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover page, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, you will find the ‘View all’ option
  5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  6. In the ‘IPO’ tab, click on ‘My applications’ 
  7. In ‘My applications’, under the History section, your allotment status will be mentioned

Open a demat account with Upstox to apply for the Abans Holdings IPO

To apply for the Abans Holdings IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
  1. Click here to visit the demat account opening page on the Upstox website. 
  2. Enter your phone number and other essential details to begin opening a demat account.
  3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
  4. Complete the e-verification using the OTP sent to your registered mobile number.
This is all it takes to open a demat account with Upstox. Easy and quick, right?

Upstox – trading app to apply for the Abans Holdings IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Abans Holdings IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Abans Holdings Limited ?

The issue size of the Abans Holdings Limited is 346 Cr.

What is 'pre-apply' for Abans Holdings Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Abans Holdings Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.