Abans Holdings Limited IPO
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.
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:
Abans Holdings Limited IPO Details:
|Open Date:||Dec 12 2022|
|Close Date:||Dec 15 2022|
|Issue Type:||Book Built Issue|
|Issue Size:||345.60 Cr.|
|Lot Size:||55 Shares|
|Issue Price:||₹ 256-270 Per Equity Share|
|Listing Date:||Dec 23 2022|
Promoters And Management:
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|
|Profit (Loss) before tax||29||65||49|
|Profit (Loss) for the period||29||61||45|
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|