Abans Holdings IPO subscribed 1.09 times on the last day of offer

15 Dec 2022 , 03:34 PM

The initial public offer of Abans Holdings Limited, a financial arm of Abans group was subscribed 1.09 times by 3.30 PM on the last day of offer, December 15. The issue receive bids for 1,38,88,325 shares against 1.28 crore on the offer.

The qualified institutional buyer subscribe the IPO by 4.10 times against the quota reserved. Non-institutional investors bought 1.48 times of the reserved portion whereas retail investors bought 0.39 times shares of the quota set aside for them.

Rs 345.6-crore issue includes a fresh issue of Rs 102.60 crore, and an offer for sale of Rs 243 crore by promoter Abhishek Bansal.

The company will allot shares of the company on December 20 and the same will make debut on stock market on December 23.