Abans Holdings Ltd., a Mumbai-based financial services company having presence in 6 countries, has announced plans to open its initial public offering up to 1,28,00,000 equity shares of face value of ₹2 each on Monday (December 12).
The price band of the offer has been fixed at ₹256 to ₹270 per equity share. At the top of the price band the issue will be of ₹345.60 crore.
The offer will close on Friday, December 15, 2022.
The net proceeds of the fresh issue will go towards funding further Investment in a NBFC subsidiary (Abans Finance Pvt. Ltd.) for financing the augmentation of its capital base to meet its future capital requirements and the balance amount towards general corporate purposes. The offer-for-sale comprises up to 90 lakh equity shares of its founder Abhishek Bansal.
