The Abans Holdings IPO, which closed on December 15, drew 1.10 times on the last offering day. The IPO received offers for 1.40 billion shares versus 1.28 billion shares on offer. Qualifying institutional buyers (QIBs) subscribed at 4.1 times the allotted quota. Meanwhile, high net worth individuals (HNIs) bought 1.48 times the reserved portion and retail investors bought 40% of the quota reserved for them. The company reserved 10% of the supply for QIBs, 30% for high net worth individuals (HNIs/NIIs) and the remaining 60% for retailers. The public offering, valued at Rs 345.60 crore, comprised a new issue of Rs 102.60 crore and an offer to sell (OFS) of Rs 243 crore by promoter Abhishek Bansal.
The allotment of Abans Holdings IPO shares will be completed by Tuesday 20th December. Unsuccessful participants will receive their refund by December 21st and stock shares will be credited to eligible investors’ demat accounts by December 22nd. Abans Holdings shares will debut on the BSE and NSE on December 23rd. The Company will use the proceeds from the re-issuance to increase the capital base of its NBFC subsidiary, Abans Finance. Abans Holdings gray market premium (GMP) was zero on Friday.
How to Check Abans Holdings IPO Stock Allotment Status
How to check Abans Holdings IPO stock allotment status online via BSE
– Visit BSE official website (https://www.bseindia.com/investors/appli_check.aspx.)
– Select Abans Holdings IPO from the menu. Company name will not be available until stock grant status is complete.
– Enter your application number assigned for the Abans Holdings IPO.
– Then enter your Permanent Account Number (PAN card number).
– Click on “I’m not a robot” and confirm the captcha.
– Click on “Send”. You can see Abans Holdings IPO allotment status on the screen.
How to check Abans Holdings IPO stock allotment status online via Bigshare Services
– Visit the official website of the IPO registrar, namely KFin Technologies (https://www.bigshareonline.com/Index.aspx).
– Click IPO Allocation Status, then select a server to continue
– Select the IPO name (Abans Holdings) under the “Company selection” drop box.
– Choose one of the three modes: Application ID, Beneficiary ID or PAN ID.
– Enter the application details to view the allocation status.
AHL represents the financial services arm of the Abans Group. They operate a diversified global financial services business headquartered in India, providing NBFC services, global institutional multi-asset trading in equities, commodities and foreign exchange, retail brokerage, wealth management and investment advisory services, and wealth management services to corporate, institutional and high net worth individuals.
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