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Abans Holdings Limited plans to raise Rs 345.60 crore through an initial public offering (IPO). The subscription for the IPO starts on December 12 and ends on December 15, 2022. The price band is fixed at Rs 256 to Rs 270 per equity share.
The IPO comprises of fresh issue of shares worth Rs 102.60 crore and offer for sale of shares worth Rs 243 crore. The face value of each equity share is Rs 2.
Company Summary
Abans Holdings Limited is a globally diversified organisation engaged in Financial Services, Gold Refining, Jewellery, Commodities Trading, Agricultural Trading and Warehousing, Software Development and Real Estate. The group is founded by Abhishek Bansal who leads a global team of qualified professionals and the company operates their businesses from multiple locations including India, United Kingdom, Dubai, Shanghai, Hong Kong and Mauritius.
The company is a RBI registered non deposit taking NBFC. The company’s finance business is primarily focused on lending to private traders and other small and medium businesses involved in the commodities trading market.
Abans is a SEBI registered stock and commodity exchange brokers with memberships across all the major stock exchanges in India. The company is also a SEBI registered Portfolio Management company as well as a SEBI registered Category-I FPI. The company offers various institutional and non-institutional trading services, wealth management and private client brokerage services, mainly in equity, commodities and foreign exchange. Further, it is also a FCA registered financial services firm in London.
The company is primarily a holding company and they operate all their businesses through its 17 subsidiaries, which includes three direct subsidiaries and 14 step-down subsidiaries.
Company Strengths
- Integrated financial services platform
- Global exposure providing innovative financial products
- Strong relationships with clients and market participants
- Strong human capital and organizational culture
- Robust operating procedures and efficient use of technology
Company Financials
Period Ended | April-August FY23 | FY22 | FY21 | FY20 |
Total Assets (Rs in crore) | 1,230.72 | 1,168.69 | 1,181.51 | 1,212.98 |
Total Revenue (Rs in crore) | 288.31 | 646.23 | 1,331.37 | 2,771.88 |
Profit After Tax (Rs in crore) | 29.74 | 61.97 | 45.8 | 39.22 |
Total Borrowing (Rs in crore) | 76.92 | 85.9 | 267.39 | 318.79 |
EBITDA (Rs in crore) | 32.17 | 92.49 | 81.53 | 96.89 |
EBITDA Margin (%) | 11.29% | 14.48% | 6.15% | 3.50% |
Return on Averge Equity (RoAE) (%) | 9.13% | 8.88% | 7.33% | 7.80% |
Return on Averge Capital Employed (RoCE) (%) | 8.45% | 11.13% | 8.64% | 10.35% |
Net Debt / EBITDA Ratio | 0.09 | 0.12 | 0.41 | 0.54 |
Purpose of the IPO
- The company plans to utilise the net proceeds from fresh issue for further investment in their NBFC subsidiary — Abans Finance Pvt. Ltd.— for improving its capital base to meet the future capital requirements aggregating to Rs 80 crore.
- General corporate purpose.
- The company plans to sell shares worth Rs 243 crore held by the promoters in offer for sale.
Company Promoters
Abhishek Bansal is the promoter of the company.
IPO Details
IPO Subscription Opening Date | December 12, 2022 |
IPO Subscription Closing Date | December 15, 2022 |
Face Value | Rs 2 per share |
Price Band | Rs 256 to Rs 270 per share |
Lot Size | 55 Shares |
Issue Size | 1,28,00,000 shares aggregating up to Rs 345.60 crore |
Fresh Issue | 38,00,000 shares totalling up to Rs 102.60 crore |
Offer for Sale | 90,00,000 shares aggregating up to Rs 243 crore |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
IPO Lot Size
Application | Lots | Shares | Amount |
Retail (Minimum) | 1 | 55 | Rs 14,850 |
Retail (Maximum) | 13 | 715 | Rs 1,93,050 |
Small HNI (Minimum) | 14 | 770 | Rs 2,07,900 |
Large HNI (Minimum) | 68 | 3,740 | Rs 10,09,800 |
Allotment Details
Particulars | Date |
Allotment of Shares | December 20, 2022 |
Initiation of Refunds | December 21, 2022 |
Credit of Shares to Demat Account | December 22, 2022 |
Listing Date | December 23, 2022 |
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