Check live subscription details of Abans Holdings IPO

12 Dec 2022 , 12:01 PM

Abans Holdings IPO opens for subscription today at 10:00 AM. The IPO will conclude on December 15. The company has set IPO price at Rs 256-270 per share and expected to raise Rs 345.6 crore at the higher end of the price band.

In the first two hours of opening of subscription the IPO is subscribed times by 12:00 PM. Check the details of subscription of the IPO in the table below:

Abans Holdings IPO	No. of shares reserved	No. of bids received	No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)	12,80,000	–	–
Non Institutional Investors(NIIs)	38,40,000	16,005	0.00
Retail Individual Investors (RIIs)	76,80,000	4,35,105	0.06
Total	1,28,00,000	4,51,110	0.04

(Source: BSE website)

The initial share sale of Abans Holdings comprises fresh issuance of equity shares of up to 38 lakh and an offer-for-sale (OFS) of up to 90 lakh equity shares by promoter Abhishek Bansal.

On the financial performance front, for the last three fiscals, Abans Holdings has (on a consolidated basis) posted a total income/net profit of Rs. 2771.88 cr. / Rs. 39.22 cr. (FY20), Rs. 1331.37 cr. / Rs. 45.80 cr. (FY21), and Rs. 646.23 cr. / Rs. 61.97 cr. (FY22).