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Abans Financial Services Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Abans Financial Services Ltd IPO

Registered Office: 36 37 38A Flr 3 Nariman Bhavan,Backbay Reclama. Nariman Point , Mumbai - 400021 , Maharashtra , India.
Phone : 91-22-6179000   Fax:
Email :  compliance@abansholdings.com  
Website :  www.abansholdings.com
Initial public offer of 1,28,00,000 equity shares of face value of (Rs)2 each ("Equity Shares") of Abans Holdings Limited (the "Company" or the "Issuer") for cash at a price of (Rs)270 per equity (including the securities premium of (Rs)268 per equity share), aggregating to (Rs)345.60.* crores ("The Offer") comprising of a fresh issue of 38,00,000 equity shares aggregating to (Rs)102.60.* croress (the "Fresh Issue") and an offer for sale of 90,00,000 equity shares by Abhishek Bansal ("The Promoter Selling Shareholder") aggregating to (Rs)243.00* crores ("Offer for Sale"). The offer constitute 25.53% of the fully diluted post offer paid-up equity share capital of the company. *Subject to the finalization of basis of allotment. The face value of equity shares is (Rs)2 each and the offer price is 135 times of the face value of the equity shares. Bids can be made for a minimum of 55 equity shares and in multiples of 55 equity share thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
12-Dec-22 15-Dec-22 (Rs)270.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :55  Further Multiples of :55

  (Rs Cr) Lead Managers to the Issue
Project Cost 99.91
Aryaman Financial Services Ltd
Project Financed through Current Offer 345.60  
Post Issue Equity Share Capital 10.03  
Issue Price (Rs)270.00  
 
Projects
Further Investment in the NBFC Subsidiary (Abans Finance Pvt Ltd) for Financing the Augmentation of its Capital base to meet its Furture Capital RequirementsGeneral Corporate Purposes
Promoted By
Abhishek Bansal  
Listing At
BSE 
NSE 
Registrar to the Issue
Bigshare Services Pvt Ltd