Abans Holdings Limited IPO

Apply 0
Avoid 0

Abans group is globally diversified organisation engaged in Financial Services, Gold Refining, Jewellery, Commodities Trading, Agricultural Trading and Warehousing, Software Development and Real Estate. The group is founded by young entrepreneur – Mr. Abhishek Bansal who leads a global team of qualified people operating growing businesses from multiple locations including India, United Kingdom, Dubai, Shanghai, Hongkong, Mauritius and Singapore.

They represent 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 corporates, institutional and high net worth clients.

Since the inception of the Company, it 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 as under:

Finance Business: It operates an RBI Registered NBFC (Non-Deposit taking). The Finance business is primarily focused on lending to private traders and other small and medium businesses involved in the commodities trading market.

• Agency Business: They are SEBI-registered Stock and Commodity Exchange Brokers with memberships across all the major stock exchanges in India, including BSE, NSE, MSEI, MCX, NCDEX and ICEX. Further being FCA registered financial services firm in London, they have direct/indirect memberships in various international exchanges like DGCX (Dubai), LME (London), INE and DCE (China). It is also a SEBI Registered Portfolio Management company as well as a SEBI Registered Category-I FPI. They offer various institutional and noninstitutional trading services, wealth management, and private client brokerage services, mainly in equity, commodities, and foreign exchange.

• Capital and other Business: Their Capital Business includes the internal treasury operations which manage our excess capital funds. We do so by investing our capital in what we believe to be low / medium risk strategies, maintaining positions in physical as well as exchange traded commodities and other instruments. We structure our treasury investments to maintain sufficient liquidity in our portfolio to support the capital needs of our other businesses. Further we provide Warehousing Services to commodity market participants.

Competitive Strengths
i. An integrated financial services platform
ii. Strong human capital and organizational culture
iii. Global exposure providing innovative financial products

Objects of the Abans Holdings Limited IPO:

The Objects of the Net Fresh Issue is to raise funds for : a) Further Investment in the NBFC Subsidiary (Abans Finance Pvt. Ltd.) for financing the augmentation of its capital base to meet its future capital requirements. b) General Corporate Purpose.
DRHP of Abans Holdings Limited IPO
RHP of Abans Holdings Limited IPO

Abans Holdings Limited IPO Details:

Open Date: Dec 12 2022
Close Date: Dec 15 2022
Total Shares: 12,800,000
Issue Type: Book Built Issue
Issue Size: 345.60 Cr.
Lot Size: 55 Shares
Issue Price: ₹ 256-270 Per Equity Share
Listing At: NSE,BSE
Listing Date: Dec 23 2022

Promoters And Management:

Mr. Abhishek Bansal, aged 34 years is the founding Promoter of the Group and is designated as Chairman and Managing Director on the Board of the Company. He was appointed on the Board of the Company upon incorporation i.e. w.e.f September 24, 2009. He completed his Bachelor of Commerce from University of Mumbai in the year 2007 and Master of Commerce from University of Mumbai in the year 2009. He is the founder of the Abans Group. Under his stewardship, the Group has evolved multi-fold from being just a trading house to a quintessential diversified business group, providing expertise in Broking Services, Non-Banking Financial Dealings, Financial Services, AgriCommodity Services, Warehousing, Realty & Infrastructure, Gold Dore Refinery & Manufacturing and Trading in Metal Products, Pharmaceuticals, Software Development & Wealth Management. He is currently responsibility for overall management and affairs of the Company and entire group including devising investment strategies, developing industry networks for further business development and overall development of the business of the Company Mr. Nirbhay Vassa, aged 34 years is the Whole Time Director of the Company. He was appointed on the Board of the Company w.e.f August 02, 2021. He is associated with the group since 2019 and subsequently became the Director of the Company. Further, he was given an additional position of CFO in the Company w.e.f. August 03, 2021. He has completed his Bachelor of Science in Applied Accounting from Oxford Brookes University in the year 2010 and the Member of Association of Chartered Certified Accountants in the year 2016. He has more than a decade of experience in finance and accounting, operations, supply chain and human resources. In past he has been associated with Natklean Services Private Limited, Embassy Group, Deloitte Haskins & Sells and Tesco PLC. He is currently responsible for oversaeeing deployment of strategic business plans to accomplish accounting, compliance and revenue targets, improve cash flow, retired debt ahead of schedule and built cash reserves while controlling costs, work closely with audit team to prepare accounts and documentation as well as conduct audits according to all regulatory requirements. Mr. Shivshankar Singh, aged 53 years is the Non Executive Director of the Company. He was appointed on the Board of the Company w.e.f January 15, 2021. He has completed his Diploma in Industrial Electronics from Board of Technical Examinations, Maharashtra State in the year 1989. He is associated with the group since 2016 and subsequently became the Director of the Company He has around three decades of rich & extensive experience in infrastructure management, ISMS development & implementation, facilities management, techno - commercial evaluations, new technology initiatives, DR/BCP management, SLA management, server/storage consolidation and team management. In past he has been associated with Capstrat Consultancy Services, ICEX Ltd, BSE Ltd. and ONGC.

Financials of Abans Holdings Limited IPO:

Particulars (in crores) 30/09/2022 30/09/2021 31.03.2022
Revenue from operations 284 638 1325
Purchase of stock-in-trade 249 565 1165
Changes in Inventories of Finished Goods -7 -46 5
Employee Benifit Expense 6 12 14
Other Expense 7 22 64
Operating Profit 29 85 77
OPM% 10.21% 13.32% 5.81%
Finance Cost 2 25 31
Depreciation 0.2 0.7 1
Other Income 3 7 5
Profit (Loss) before tax 29 65 49
Profit (Loss) for the period 29 61 45
EPS 6.42 13.37 9.88

Comparison With Peers:

Name of the company Revenue Profit EPS P/E CMP MCap(in cr)
Edelweiss Financial Services Ltd. 7,243 212 2 30.8 67.6 6,375
Geojit Financial Services Ltd. 500 154 6.3 9.52 47 1,124
Choice International Ltd 285 54 5.38 56.7 256 2,543
Abans Holdings Limited 1325 45 13.37 20 270 1,353

Lead Manager of Abans Holdings Limited IPO:

  1. Aryaman Financial Services Limited

Registrar of Abans Holdings Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Abans Holdings Limited 36, 37, 38A Floor 3, Nariman Bhavan, Backbay Reclamation, Nariman Point, Mumbai – 400021 Phone: +91 – 22 – 6179 0000 Email: compliance@abansholdings.com Website: https://abansholdings.com/

Discussion on Abans Holdings Limited IPO:

Leave a Reply