Abans Holdings IPO live subscription status details day 1

12 Dec 2022 , 03:34 PM

Abans Holdings IPO of issue size Rs 345.6 crore opens for subscription on December 12. The issue has saw mild bidding and subscribed on 6% by 3.30 PM.

As per BSE data, the issue has received bids for 7,57,845 shares out of 1,28,00,000 equity shares offered for the subscription. The quota for retail bidders was subscribed only 9%, whereas the allocation for non-institutional investors subscribed 1% and qualified institutional bidders was not even off the mark.

The company is offering its shares in the range of Rs 256-270 per share in between December 12-15. Investors can bid for 55 shares in a lot.

Abans Holdings was incorporated in 2009, the financial services arm of Abans Group, is engaged in financial services, gold refining, jewellery, commodities trading, agricultural trading and warehousing, software development and real estate.

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