On the final day of bidding, Abans Holdings' IPO was completely subscribed.

On December 15, the final day of the bidding, Abans Holdings' public offering received 1.01 times its initial subscription. In contrast to the 1.28 crore shares offered, offers for 1.29 crore shares were received.

The offering was primarily supported by qualified institutional purchasers, who subscribed 4.1 times the authorised quota.

Retail investors purchased 37% of the quota intended for high net worth persons, and they purchased 1.27 times the reserved percentage.

According to the firm, 10% of the offer was set aside for qualified institutional purchasers, 30% was allocated to high net worth individuals (non-institutional investors), and the remaining 60% was allocated to consumers.

The Rs 345.6 crore public offering consists of a Rs 102.60 crore fresh issue and a Rs 243 crore offer for sale by promoter Abhishek Bansal.

The offer's price range was set at Rs. 256-270 per share.

The proceeds from the new offer would be used by the company to increase the capital base of its NBFC subsidiary, Abans Finance.

By December 20, the IPO share allotment will be complete. Equity shares will be credited to eligible investors' demat accounts by December 22, and unsuccessful participants will receive their reimbursements by December 21.

On December 23, the company will make its market debut on the BSE and NSE.

Abans Holdings offers corporate, institutional, and high net worth clients NBFC services, global institutional trading in stocks, commodities, and foreign exchange, private client stock broking, depositary services, asset management services, investment advisory services, and wealth management services.