Abans Holdings IPO booked 11% on day 1

13 Dec 2022 , 09:16 AM

The initial public offer (IPO) of Abans Holdings opened for subscription on Monday, December 12. The IPO was subscribed 11% on day 1 of the offer. It received bids for 14,30,715 shares against 1,28,00,000 shares on offer, according to BSE data.

The category for non-institutional investors received 12% subscription and Retail Individual Investors (RIIs) part was subscribed 13%. However, the category of qualified institutional buyers was not even marked off.

The company is issuing 1.28 crore equity shares out of which up to 38 lakh equity shares are fresh issue and an offer for sale of up to 90 lakh equity shares.

Aryaman Financial Services is the sole book-running lead manager to the issue, whereas Bigshare Services has been appointed as the registrar to the issue.

The offer will closes on December 15 and the allotment of shares will take place on December 20. The company is expected to list on BSE and NSE on December 23.

For feedback and suggestions, write to us at [e-mail]