iifl-logo-icon 1
IIFL

Invest wise with Expert advice

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

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

IPO of Abans Holdings to open on December 12th

9 Dec 2022 , 10:30 AM

The IPO of Abans Holdings will open for subscription on Monday 12th December and the company has set the price range for this issue at Rs 256-270 per share.

Founded in 2009, Mumbai-based Abans Holdings is the financial services arm of the Abans Group. The company offers a wide range of services.

The initial offering of Rs345.7 crore will consist of the issuance of new shares worth Rs380 crore worth Rs102.6 crore while promoter Abhishek Bansal will sell Rs90 lakh from his shares worth Rs243 crore. issue shares.

The offer for the 3-day primary ends Thursday, December 15th. Investors may bid at least 55 shares and multiples thereof.

Proceeds from the reissue will be used to invest in NBFC’s subsidiary, Abans Finance, to increase its capital base to meet future capital needs and for general corporate purposes.

It is engaged in financial services, gold refining, jewelery, commodity trading, agricultural trading and storage, software development, and real estate.

The company operates its RBI-registered NBFC and is currently active in six countries, including India, the UK, Singapore, UAE, China, and Mauritius.

The company has reserved its 60% stake for retail investors, but non-institutional investors only receive 30% of the offering. The remaining 10% will be allocated to eligible institutional investors.

Aryaman Financial Services is the sole lead manager for the offering and Bigshare Services has been designated as the offering’s registrar. The company’s shares are listed on both the BSE and NSE.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Abans Holdings
  • IPO
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

Indian markets close on a positive note
14 Jun 2024|06:41 PM
Sensex and Nifty Surge
14 Jun 2024|06:43 PM
LIC stock price up by more than 5% today
14 Jun 2024|06:44 PM
Read More
Knowledge Centerplus
Logo

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

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
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.