From Abans Holdings IPO share allocation status, latest GMP to underwriting details, here’s all you need to know.
IPO of Abans Holdings: The initial public offering (IPO) of Abans Holdings Limited is open for subscription today. Investors who are willing to subscribe to the issue must do so today, since Thursday, December 15 is the last day for it. It can be known that the initial public offering of Abans Holdings was opened for a three-day subscription on December 12, 2022. The price band set for the issue is Rs. 256 per share to Rs. 270 per share at a par value of Rs. 2 each Meanwhile, according to iPOWatch, Abans Holdings’ initial public offering is trading at a premium (GMP) of Rs. 5 on the gray market today. Check Abans Holdings IPO share allocation status and more now.
The initial public offering of Abans Holdings consists of a new issue of 38 lakh equity shares and an offer to sell (OFS) of up to 90 lakh equity shares. The IPO witnessed a subdued response from investors on Wednesday. On the second day of the bidding process, the public offer received 0.49 times the subscription. The shares reserved for the QIB category were subscribed 2.19 times, NII 0.23 times and the Retail category received 0.34 times bids.
According to the information, the company plans to use Rs. Rs 80 crore of the proceeds of the new issue to invest in its NBFC subsidiary, Aban Finance, to finance the increase in its capital base to meet its future capital requirements. Additionally, the proceeds will be used for general corporate purposes.
Once the bidding process is finished, the status of award of shares of the issuance will be considered finalized. The share allotment status of the Abans Holdings IPO is likely to be declared on December 20. Investors who have subscribed to the IPO will be able to check the status online. All they need to do is visit the official BSE website. It can be known that the registrar of the IPO is Bigshare Services Pvt Ltd. Also, the company’s shares will be listed on the BSE and NSE probably on December 23.
How to check Abans Holdings IPO share allocation status via BSE
Visit the official BSE website or click on the direct link provided here: https://www.bseindia.com/investors/appli_check.aspx.
Select the company name- Abans Holdings IPO from the menu (it will only be available after the completion of the share allocation status).
Enter your assigned solicitation number for the Abans Holdings initial public offering.
Then enter your Permanent Account Number (PAN card number).
Click on ‘I’m not a robot’ and confirm the captcha.
Finally, click the ‘Submit’ button and the assignment status will be displayed on the screen.