The initial public offer (IPO) of Abans Holdings has received cold response from the investors on the last day of the offer. The issue was subscribed by 0.49 times at 11 AM on December 15. Click here to subscribe the IPO
As per BSE Data, the investors made bids for 62,99,920 equity shares compared to the 1,28,00,000 equity shares reserved for the subscription by 11:00 AM on December 15. The quota for retail bidders was subscribed 0.34 times, whereas the allocation for non-institutional investors was booked 0.23 times. The allocation for qualified institutional buyers was subscribed 2.19 times.
The company is selling its shares at the price of Rs 256-270 per share from December 12 to December 15, with a lot size of 55 shares. The issue comprises fresh issue of equity shares worth Rs 102.6 crore and an offer for sale (OFS) of Rs 243 crore.
Aryaman Financial Services is the BRLM of the IPO whereas Bigshare Services is the registrar for the same.
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