Abans Holdings IPO share allotment status, GMP, subscription: Last day to bid today
Abans Holdings IPO: The initial public offering (IPO) of the Abans Holdings Limited is open for subscription today. Investors who are willing to subscribe for the issue need to do it today as Thursday, December 15 is the last day for the same. It can be known that the Abans Holdings IPO opened for three day subscription on December 12, 2022. The price band fixed for the issue is Rs. 256 per share to Rs. 270 per share at a face value of Rs. 2 each. Meanwhile, according to iPOWatch, the Abans Holdings IPO is trading at a premium (GMP) of Rs. 5 in the grey market today. Check out Abans Holdings IPO share allotment status and more now.
Abans Holdings IPO consists of a fresh issue of 38 lakh equity shares and an offer for sale (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 subscription. The shares reserved for the QIB category got subscribed 2.19 times, NII 0.23 times and the Retail category received 0.34 times bids.
As per the information, the company plans to use Rs. 80 crore from the fresh issue proceeds for investing in its NBFC subsidiary, Aban Finance for financing the augmentation of its capital base to meet its future capital requirements. Also, proceeds will be used for general corporate purposes.
Once the bidding process ends, the share allotment status of the issue will be finalised. The Abans Holdings IPO share allotment status is likely to be declared on December 20. Investors who have subscribed for the IPO will be able to check the status online. All they need to do is visit the official website of BSE. It can be known that the registrar of the IPO is Bigshare Services Pvt Ltd.
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