Abans Holdings Limited, a Mumbai based Financial Services multi-national proposes to open its initial public offering up to 1,28,00,000 equity shares of face value of ₹ 2 each on Monday, December 12, 2022. The Price Band of the Offer has been fixed at ₹256 to ₹270 per Equity Share. At the top of the Price Band, the Issue will be Rs. 345.60 crores. Abans Holdings Limited proposes to utilize the up to 90,00,000
Equity Shares. The Offer will close on Friday, December 15, 2022. The net proceeds of the fresh Issue will go towards funding (i) Further Investment in a NBFC subsidiary (Abans Finance Pvt. Ltd.) for financing the augmentation of its capital base to meet its future capital requirements and the balance amount towards general corporate purposes. The offer-for-sale comprises of up to 90,00,000 Equity Shares of its founder Mr. Abhishek Bansal. Aryaman Financial Services Limited are the Book Running Lead Managers to the Issue. The Shares would be listed at BSE and NSE.
Abans Holding Limited is a holding company of the Abans Group. The International presence is what is unique about this company. It operates from multiple locations including India, United Kingdom, Dubai, Shanghai, Hongkong, Mauritius and Singapore. The internationally acclaimed and globally diversified organisation that engaged in Financial Services, Gold Refining, Jewellery, Commodities Trading, Agricultural Trading and Warehousing, Software Development and Real Estate. Abans Holding Limited is primarily a holding company and operates all its businesses through its subsidiaries.
On a restated consolidated basis its total lending assets stood at ₹ 38,803.81 lakhs as on March 31, 2021. Interest income from Finance Business represented approximately 38%, 36% and 18% of its total gross operating income for FY 2021, 2020 & 2019 respectively.
Abans Holdings Limited, represents the financial services arm of the Abans Group. The Company operates a diversified global financial services business, headquartered in India, providing 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 to corporate, institutional and high net worth clients.
Since the inception of the company, AHL has 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 organized under (i) Finance Services; (ii) Agency Business and (iii) Capital and (iv) Other Business including warehouse and other operating income.
AHL is primarily a holding company and it operates all businesses through seventeen subsidiaries (including three direct subsidiaries and fourteen indirect / step-down subsidiaries).