Abans Holdings Files Draft Papers with Sebi to Float its IPO

Abans Holdings is closely involved with business services activities and is a leading company in this space. The company has filed its DRHP to derive the benefits of getting listed on the stock exchange and raise funds through an initial public offer. As per the draft paper, the upcoming IPO will comprise new share issuance and an offer for sale by its promoter.

Check out more about this latest development below.

Composition of Abans Holdings IPO in Brief

As per Abans Holdings’ draft papers, its initial public offer will consist of a total of 12.80 million equity shares. To break it down, a maximum of 3.80 million shares amounting to Rs. 80 crores will make up the fresh issue. Additionally, there will be an OFS of a maximum of 9 million shares by Abhishek Bansal (promoter).

Currently, the promoter holds around a 96.45% stake in the company. However, post public offer, he will retain a 71.19% stake. As per reports, Abans Holdings plans to carry out a pre-IPO placement of nearly 2.5 lakh equity shares. If the company executes the same successfully, its initial issue size will get reduced significantly.

What is Abans Holdings IPO Objective?

This company plans to use the net proceeds from its initial public offer in these ways:

• Fresh investment in its NBFC, Abans Finance Pvt Ltd.
• Augment its capital base to account for meeting future requirements.

Per DRHP, Abans Holdings has appointed Aryaman Financial Services Ltd as its IPO’s sole lead manager.

So, Where does Abans Holdings Stand Financially?

These are the key financial highlights of Abans Holdings:

• Consolidated total revenue stood at Rs. 1331.37 crores
• Net profit stood at Rs. 45.94 crores
• Its outstanding debt was recorded at Rs.39 crores

About Abans Holdings in Brief

Abans Holdings has a global presence and a diversified product portfolio. It is actively operating in 6 countries, including UK, China, Singapore, Mauritius, UAE, and India.

The said organisation is engaged in these activities:

• Financial Services
• Gold Refining, Jewellery
• Commodities Trading
• Agricultural Trading
• Warehousing
• Software Development
• Real Estate

Bottom Line

Abans Holdings is in its initial stages of IPO, which means the company has to cover multiple formalities before it can float its public offer. That said, stag investors and market analysts can expect new developments every other day.

They can catch all the latest updates regarding such developments by simply keeping an eye on our blog section. Additionally, investors can also download our Angel One app to streamline their investments with greater effect.

 

Frequently Asked Questions

1. What is Abans Holdings IPO issue type?

Abans Holdings has not shared details about its IPO issue type.

2. When will Abans Holdings float its IPO shares?

Abans Holdings is yet to announce its IPO timeline.

3. What will be Abans Holdings IPO price band?

The company has not announced its IPO price band yet. Typically, the price band on an IPO is realised a week before its launch.