Abans Financial Services Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Abans Financial Services Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹270
Per ShareLot Size
55 Shares
Minimum Investment
₹14,850
Issue Size
₹345.6 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
60%
QIB Quota
10%
NII Quota
30%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Abans Financial Services Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
96.45%
Promoter Holding (Post-Issue)
71.19%
Issue Type
Book Building
ISIN
INE00ZE01026
About the Company
The Company represents the financial services arm of the Abans Group. It operates a diversified global financial services business, headquartered in India, providing NBFC services, global institutional trading in equities, commodities and foreign exchange, private client stock broking, depositary services, asset management services, investment advisory services and wealth management services to corporates, institutional and high net worth individual clients. The Company currently has active businesses across six (6) countries including UK, Singapore, UAE, China, Mauritius and India.
Industry Overview
India's financial services sector consists of capital markets, insurance sector and non-banking financial companies (NBFCs). India's gross national savings (GDS) as a percentage of Gross Domestic Product (GDP) stood at 30.50% in 2019. In 2019, US$ 2.5 billion was raised across 17 initial public offerings (IPOs). The number of ultra-high net-worth individuals (UHNWIs), with wealth of US$ 30 million or more, is expected to rise 63% between 2020 and 2025 to 11,198; India has the second-fastest growth in the world.
Company History
Abans Holdings Limited was originally incorporated as "Abans Vanijya Private Limited" on September 24, 2009 at Kolkata, West Bengal as a private limited company under the Companies Act, 1956 with the Registrar of Companies, West Bengal. Subsequently, the name of the Company was changed to "Abans Holdings Private Limited" vide special resolution passed by the shareholders of the Company in their meeting held on November 20, 2019 and a fresh Certificate of Incorporation consequent to the change of name was granted to the Company on December 05, 2019, by the Registrar of Companies, Mumbai. Further, the Company was converted into Public Limited Company pursuant to special resolution passed by the shareholders of the Company in their meeting held on April 28, 2021 and the name of the Company was changed to "Abans Holdings Limited" and a Fresh Certificate of Incorporation consequent upon conversion of Company to Public Limited dated May 19, 2021 was issued by Registrar of Companies, Mumbai.
Products & Services
- The company represents the financial services arm of the Abans Group. We operate a diversified global financial services business, headquartered in India, providing NBFC services, multi-asset global institutional trading in equities, commodities and
- foreign exchange, private client broking, asset management & investment advisory services and wealth management services to corporate, institutional and high net worth individual clients.
Growth Strategy
- Using technology to create greater scalability
- Continue to expand its lines of business into complementary businesses
- Augment its fund based capacities in order to scale up business operations
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 1,28,00,000 equity shares of face value of Rs. 2 each ("Equity Shares") of Abans Holdings Limited (the "Company" or the "Issuer") for cash at a price of Rs. 270 per equity (including the securities premium of Rs. 268 per equity share), aggregating to Rs. 345.60.* crores ("The Offer") comprising of a fresh issue of 38,00,000 equity shares aggregating to Rs. 102.60.* croress (the "Fresh Issue") and an offer for sale of 90,00,000 equity shares by Abhishek Bansal ("The Promoter Selling Shareholder") aggregating to Rs. 243.00* crores ("Offer for Sale"). The offer constitute 25.53% of the fully diluted post offer paid-up equity share capital of the company. *Subject to the finalization of basis of allotment. The face value of equity shares is Rs. 2 each and the offer price is 135 times of the face value of the equity shares. Bids can be made for a minimum of 55 equity shares and in multiples of 55 equity share thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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
- The continuing impacts of COVID-19, or the impact of outbreaks of any other severe communicable disease are highly unpredictable, could be significant and may adversely affect its business, operations and future financial performance.
- The Company, its Promoter /Director, its Subsidiaries and its Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- One of its subsidiaries namely, Abans Commodities (I) Private Limited is involved in a proceeding before SEBI regarding allegations of participation /facilitation by it of pair-contracts as a trading member/clearing member. Any adverse outcome in the matter would have an adverse effect on the operations of Abans Commodities (I) Private Limited and the reputation of the Abans Group, which in turn could have an adverse impact on its business, financial condition and results of operations.
- The company require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, and the failure to obtain, retain and renew such approvals and licences in timely manner or comply with such rules and regulations or at all may adversely affect its operations.
- General economic and market conditions in India and globally could have a material adverse effect on its business, financial condition, cash flows, results of operations and prospects.