te Abans Holdings IPO to kick off on Dec 12 - check issue price, size and other details | Zee Business

Abans Holdings IPO to kick off on Dec 12 - check issue price, size and other details

The three-day initial public offering (IPO) will conclude on December 15, according to the red herring prospectus (RHP).

Abans Holdings IPO to kick off on Dec 12 - check issue price, size and other details
Aryaman Financial Services is the sole book-running lead manager to the issue, New Delhi, PTI, Image Source- pixabay

The initial share-sale of Abans Holdings, financial services arm of the Abans Group, will open for public subscription on December 12.

The three-day initial public offering (IPO) will conclude on December 15, according to the red herring prospectus (RHP).

The initial share-sale comprises fresh issuance of equity shares of up to 38 lakh and an offer-for-sale of up to 90 lakh equity shares by promoter Abhishek Bansal.

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At present, Bansal holds a 96.45 per cent stake in the company.

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Proceeds from the fresh issue will be utilised towards investment in its NBFC subsidiary, Abans Finance, for financing the augmentation of its capital base to meet future capital requirements and for general corporate purposes.

The company operates a diversified global financial services business, providing Non-Banking Financial Company (NBFC) services, global institutional trading in equities, commodities and foreign exchange, private client stockbroking, depositary services, asset management services, investment advisory services, and wealth management services to corporates, institutional and high net worth individual clients.

It currently has active businesses across six countries including UK, Singapore, UAE, China, Mauritius, and India.

Aryaman Financial Services is the sole book-running lead manager to the issue.

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Reported By: PTI
Written By: PTI
Edited By: PTI
Updated: Thu, Dec 08, 2022
07:31 am
Mumbai, PTI
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