Home Share Market Abans Holdings IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Abans Holdings IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

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Abans Holdings IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Abans Holdings IPO GMP Today, Abans Holdings IPO Grey Market Premium Updates | Abans Holdings IPO Listing Gain, Latest target, Opening gain

Abans Holdings IPO date is fixed, the initial public offer (IPO) is to hit the market on Dec 12, 2022, and close on Dec 15, 2022. Abans Holdings IPO to raise ₹345.60 Cr via IPO that comprises an offer of up to 12,800,000 Equity Shares of Rs.2 each. The retail quota is 60% with QIB 10% and HNI 30%.

Abans Holdings Limited is engaged in Financial Services, Gold Refining, Jewellery, Commodities Trading, Agricultural Trading and Warehousing, Software Development and Real Estate. The company represents the financial services arm of the Abans Group.

Abans Holdings Limited provides NBFC services, global institutional trading in equities, commodities and foreign exchange, private client stock broking, depositary services, asset management services, investment advisory services and wealth management services to corporates, institutional and high net worth clients.

The company’s business is divided into:

Finance Business: The company operates an RBI Registered NBFC (Non-Deposit taking).

Agency Business: The company is SEBI registered Stock and Commodity Exchange Brokers with memberships across all the major stock exchanges in India, including BSE, NSE, MSEI, MCX, NCDEX and ICEX.

Capital and other Business: The Capital Business includes the internal treasury operations which manage the excess capital funds.

Check out Abans Holdings IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Abans Holdings IPO Details:

Issuer Abans Holdings Ltd
Issue Type Book Built Issue IPO
Issue Period Issue Opens: DEC 12, 2022
Issue Closes: DEC 15, 2022
Price Brand ₹256 to ₹270 Per Share
Issue Size ₹345.60 Cr
Face Value Rs.2 per Equity Share
Market Lot 55 Shares
Maximum Bid amount for Retail ₹193050
QIB 10% of the issue size
NIB 30% of the issue size
Retail Individual Bidders 60% of the issue size
Listing at NSE & BSE
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Equity 12,800,000 Shares

Angel Free Demat Account

Abans Holdings IPO GMP Rates day by day

Abans Holdings IPO Grey market premium as of today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
23 DEC 2022
22 DEC 2022 ₹4
21 DEC 2022 ₹4
20 DEC 2022 ₹4
19 DEC 2022 ₹4
18 DEC 2022 ₹4
17 DEC 2022 ₹4
16 DEC 2022 ₹4
15 DEC 2022 ₹5
14 DEC 2022 ₹15
13 DEC 2022 ₹22
12 DEC 2022 ₹15
11 DEC 2022 ₹20
10 DEC 2022 ₹17
09 DEC 2022 ₹15
08 DEC 2022 ₹15
07 DEC 2022 ₹10

Abans Holdings IPO Market Lot:

Application Lots Shares Amount
Retail (Min) 1 55 ₹14850
Retail (Max) 13 715 ₹193050
S-HNI (Min) 14 770 ₹207900
B-HNI (Min) 68 3740 ₹1009800

Abans Holdings IPO Allotment & Listing:

Abans Holdings IPO Opening Date: DEC 12, 2022
Abans Holdings IPO Closing Date : DEC 15, 2022
Basis of Allotment: DEC 20, 2022
Refunds: DEC 21, 2022
Credit to Demat Account: DEC 22, 2022
Listing Date: DEC 23, 2022

How to Apply for Abans Holdings IPO?

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How to Apply Abans Holdings IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Abans Holdings”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply Abans Holdings IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Abans Holdings”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

PARENT COMPANY FOR SHAREHOLDER QUOTA

IPO ALLOTMENT TIPS & TRICKS

Check:- Abans Holdings IPO Allotment Status

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamentals of the companies.
– This is only coverage of News related to Grey Market. We don’t deal in Grey market premium, nor do we recommend dealing in Grey Market. Investment decisions based on Grey Market trends can be faulty.

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into the grey market nor do we facilitate buying or selling of IPO firms.

What is Grey Market?

Grey Market is the term used to describe an unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

Example:

IGL Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means IGL IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

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