iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Abans Holdings IPO subscribed 44% on day 3

14 Dec 2022 , 04:18 PM

Abans Holdings IPO has received muted response from the investors on day 3 of the offer. The offer is subscribed 44% on day 3 and QIB is booked more than twice. Click here to subscribe Abans Holdings IPO.

Abans Holdings is selling its shares in the price range of Rs 256-270 per share between December 12 and 15, with a lot size of 55 shares. The issue comprises issuance of fresh shares worth Rs 102.6 crore and an offer for sale (OFS) of Rs 243 crore.

The quota for retail bidders was subscribed 0.33 times whereas the allocation for non-institutional investors and qualified institutional bidders was booked 0.14 times. The allocation for qualified institutional buyers was subscribed 2.19 times.

The company plans to use ₹80 crore from the fresh issue proceeds for investing in its NBFC subsidiary, Aban Finance for financing the its capital base to meet its future capital requirements. Also, proceeds will be used for general corporate purposes.

Related Tags

  • Abans Holding IPO
  • abans holdings live subscription
  • IPO
  • IPO live subscription
  • IPO news
  • IPO opening date
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.