Abans Holdings IPO subscription opens; check price band, GMP, allotment date, should you apply-

Abans Holdings IPO subscription opens; check price band, GMP, allotment date, should you apply?

Abans Holdings IPO opened for public subscription on Monday, 12 December, and will close on 15 December 2022. The company has fixed the IPO price band at Rs 256 – 270 per equity share. Abans Holdings aims to raise Rs 345.60 crore from this IPO. The initial share sale 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. Abans Holdings IPO shares were commanding a grey market premium of Rs 15 today. Bigshare Services Pvt Ltd is the registrar for the IPO. Abans Holdings shares are proposed to be listed on BSE and NSE on 23 December 2022. Sula Vineyards IPO also opened for public subscription on Monday.Abans Holdings IPO key detailsIPO size: The financial services company plans to raise Rs 345.60 crore from its public offer.IPO lot size: Bidders can apply for the public issue in lots and one lot of the issue comprises 55 shares.IPO application limit: An investor can apply for minimum one lot and maximum 13 lots.IPO share allotment date: Finalisation of share allocation is most likely on 20 December 2022.

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AHL represents the financial services arm of the Abans Group. They operate a diversified global financial services business, headquartered in India, providing NBFC services, multi-asset global institutional trading in equities, commodities and foreign exchange, private client broking, asset management & investment advisory services and wealth management services to corporate, institutional and high net worth individual clients.

“Since the inception of AHL in 2009-10, they have grown from being a commodities trading company into a diversified multi-asset and multi-national financial services company having varied financial services businesses which are mainly organised under the heads – Finance Business, Agency Business and Capital and other businesses,” said Axis Capital in its IPO note.

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