Abans Holdings IPO
Abans Holdings Limited (AHL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 23 December 2022.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +2.4% (likely range -4% to +8%), day's high +4.3%, chance of a gain 50%. Actual: +1.1% at the open, +1.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 12,80,000 | 52,47,385 | 4.10x | |
| NII (HNI) total | 38,40,000 | 56,68,080 | 1.48x | |
| Big NII (above ₹10 lakh) | 25,60,000 | 55,04,730 | 2.15x | |
| Small NII (₹2-10 lakh) | 12,80,000 | 1,63,350 | 0.13x | |
| Retail | 76,80,000 | 31,07,060 | 0.40x | |
| Total | 1,28,00,000 | 1,40,22,525 | 1.10x |
Bids on NSE and BSE together, as published by NSE, as of 15 Dec 2022, 07:00 PM. Shares offered exclude the anchor portion. 18% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Abans Holdings's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Keystone RealtorsNov 2022 | 3.84x | 3.03x | 0.53x | 2.01x | ₹668 Cr | +2.6% | +5.3% |
| HealthCare Global EnterprisesMar 2016 | 2.36x | 0.43x | 0.83x | 1.56x | ₹650 Cr | -3.6% | -2.8% |
| Chalet HotelsJan 2019 | 4.66x | 1.10x | 0.03x | 1.57x | ₹1,649 Cr | +5.0% | +7.1% |
| Prince Pipes and FittingsDec 2019 | 3.54x | 1.21x | 1.89x | 2.21x | ₹503 Cr | -10.1% | -0.1% |
| Varun BeveragesOct 2016 | 4.94x | 0.42x | 0.82x | 1.86x | ₹1,112 Cr | -3.4% | +6.0% |
| Sula VineyardsDec 2022 | 4.13x | 1.51x | 1.65x | 2.33x | ₹960 Cr | +1.1% | +1.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Aryaman Financial Services | 4 | +11.8% | 100% |
Offer documents (NSE)
Frequently asked
What is the Abans Holdings IPO price band and lot size? ₹256–270 per share, with a lot of 55 shares, so the smallest retail bid is ₹14,850.
How many times has it been subscribed? 1.10x overall: QIB 4.10x, NII 1.48x, retail 0.40x.
How did it list? It opened at ₹273, +1.1% against the issue price of ₹270, and closed its first day -19.1%.
