Abans Holdings Limited IPO Details

Abans Holdings Limited - Company Overview

Abans Holdings Limited, founded in 2009, is involved in Financial Services, Gold Refining, Jewellery, Commodities Trading, Agricultural Trading and Warehousing, Software Development, and Real Estate. The company represents the Abans Group's financial services arm.

Abans Holdings Limited offers corporate, institutional and high-net-worth clients NBFC services, global institutional trading in equities, commodities, and foreign exchange, private client stock broking, depositary services, asset management services, investment advisory services, and wealth management services.

Abans Holdings Limited - Business Overview

The company's operations are divided into the following categories:

Finance: The company runs an RBI-registered NBFC (Non-Deposit taking).

The company is a SEBI-registered Stock and Commodity Exchange Broker with memberships in all of India's major stock exchanges, including the BSE, NSE, MSEI, MCX, NCDEX, and ICEX.

Capital and other Business: Internal treasury operations that manage excess capital funds are included in the Capital Business.

The company is primarily a holding company and conducts all of its operations through seventeen subsidiaries (three direct subsidiaries and fourteen indirect/step-down subsidiaries). The company operates in six countries across the Eastern Continents, including Hong Kong, the United Kingdom, the United Arab Emirates, China, Mauritius, and India.

Abans Holdings Limited - IPO SYNOPSIS

Abans Holdings, the Abans Group's financial services arm, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).

The initial share sale consists of a fresh issuance of up to 38 lakh equity shares and an offer for the sale of up to 90 lakh equity shares by promoter Abhishek Bansal. Bansal currently owns 96.45% of the company.

The company is considering a pre-IPO equity share placement of up to 2.5 lakh shares. If the placement is carried out, the size of the new issue will be reduced. Aryaman Financial Services is the issue's sole book-running lead manager.

Abans Holdings Limited - Objectives of the IPO

The proceeds of the latest issue will be used for

• investment in its NBFC subsidiary, Abans Finance, to finance the expansion of its capital base in order to meet future capital requirements; and

• general corporate purposes.

Abans Holdings Limited - Financial Overview (in crore)

Abans Holdings Limited - Pros

• An integrated financial services platform

• Strong human capital and organisational culture

• Global exposure providing innovative financial products

• Strong client and market participant relationships

• Standardized operating procedures and efficient use of technology

Abans Holdings Limited - Cons

• Abans Commodities (I) Private Limited, one of the subsidiaries, is involved in a proceeding before SEBI regarding allegations of participation/facilitation of pair-contracts as a trading member/clearing member.

• Failure to obtain, retain, and renew certain approvals and licenses in a timely manner or comply with rules and regulations.

• Dependent on a few sets of market participants or counterparties for physical commodities trading activities that support online exchange-based trading operations

• Any downward revision in its credit ratings could jeopardise its ability to service debts and raise funds

• Vulnerable to interest rate volatility and may face interest rate and maturity mismatches between assets and liabilities in the future, potentially causing liquidity issues.

How to Apply for Abans Holdings Limited IPO

1. Go to https://ipo.adityatrading.in/

2. Enter your client ID

3. Enter the OTP received in your registered mobile number.

4. Choose the IPO and click on apply button.

5. Enter the UPI ID, Quantity, and Cut off price.

6. Click on submit button

7. Confirm the mandate the mandate request received on your phone by entering the UPI Pin.

8. You can also watch our youtube video on “How to Apply on IPO”