Abans Holdings IPO: FIIs show strong demand on Day 2, QIB portion fully subscribed3 min read . Updated: 13 Dec 2022, 01:11 PM IST
- Under the IPO, the company is offering a fresh issue of 38 lakh equity shares and an offer for sale (OFS) of up to 90 lakh equity shares. Promoter Abhishek Bansal is the selling shareholder under the OFS.
Aban Group-backed financial services provider, Abans Holdings' ₹345.60 crore initial public offering (IPO) on Tuesday received strong demand from qualified institutional buyers (QIBs) as the portion reserved for this category is fully subscribed with foreign investors making the entire buying. Overall, the IPO so far on the second day is subscribed by 24% on both BSE and NSE. In this public offer, bidding will be allowed till December 15. The IPO is a mixture of fresh issues and offers for sale (OFS).
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