The company commanded a market valuation of Rs 1,083.40 crore on the BSE. The initial public offer of Abans Holdings received 1.10 times subscription last week. The initial share-sale had a price range of Rs 256-270 a share.
Abans Holdings IPO: The issue comprised fresh issuance of equity shares of up to 38 lakh and an offer-for-sale (OFS) of up to 90 lakh equity shares by promoter Abhishek Bansal. He currently holds a 96.45 per cent stake in the company.
Abans Holdings IPO: The company had fixed the IPO price band at Rs 256-270 per share. The lot size of Abans Holdings IPO was 55 shares, for which one had to spend Rs 14,850. A retail individual investor can submit bids for up to 13 lots or 715 shares by spending Rs 1,93,050.