Abans Holding IPO opens on 12 December. Here's what you must know about the IPO, company and financial details

Date : 07/12/2022
Read: 2 mins

Abans Holdings IPO details

The last month of the financial year has its fair share of IPOs, and more and more companies are filing to go public. The latest IPO opening on 12th December is Abans Holdings IPO. Let’s have a look at the company and its IPO details.

About Abans Holdings

Abans Holdings is a subsidiary of the Abans Group and is engaged in providing financial services. The company initially started its product portfolio with commodity trading. However, today, the company has diversified its product bouquet and offers customers a range of financial services. These include the following –

Non-Banking Financial Company (NBFC) related services
Commodity trading
Foreign exchange
Global institutional buying and selling in equities
Depository services
Stock broking services for private clients

The company also offers investment advisory, asset management and wealth management services to clients, including retail investors, corporates, institutions and HNIs (High Net Worth Individuals).

The company’s business is not only in India. It operates in international countries, too that include the United Kingdom, UAE, Mauritius, Hong Kong, and China.

Company financials

Some of the financial highlights of the company, which mark its growth, are as follows – (Source: https://www.chittorgarh.com/ipo/abans-holdings-ipo/1350/)

IPO details

Here are the primary details of the Abans Holdings IPO – (Source: https://www.chittorgarh.com/ipo/abans-holdings-ipo/1350/)

Other IPO details

The promoter and founder of the company, who also acts as the Chairman and MD, Abhishek Bansal, is offering up a part of his stake through the OFS. The IPO proceeds will be used to enhance the capital of the company’s NBFC subsidiary, Abans Finance, and other corporate uses.

The merchant banker for the IPO is Aryaman Financial Services, while Bigshare Services is the registrar.

The bottom line

Abans Holdings IPO will clash with another IPO launching in the same period – Sula Vineyards. So, know the details of both the IPOs so you can choose where to invest.