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Incorporated in 2009, Abans Holdings Limited is financial services arm of the Abans Group. It operate a diversified global financial services business, headquartered in India. Company Provide 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 is primarily a holding company and it operate all its businesses through its seventeen (17) subsidiaries (including three (3) direct subsidiaries and fourteen (14) indirect / step-down subsidiaries).

* Company has grown from being a commodities trading company into a diversified multi-asset and multi-national financial services company having varied financial services businesses.

* It operate a RBI Registered NBFC (Non Deposit taking). Its finance business is primarily focused on lending to private traders and other small and medium businesses involved in the commodities trading market.

* It 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.

* It is also a SEBI Registered Portfolio Management company as well as a SEBI Registered Category-I FPI.

* Company’s Capital Business includes its internal treasury operations which manage its excess capital funds. Company structure its treasury investments to maintain sufficient liquidity in its portfolio to support the capital needs of other businesses. It also provide Warehousing Services to commodity market participants.

Outlook & Valuation: India has a diversified financial sector undergoing rapid expansion, both in terms of strong growth of existing financial services firms and new entities entering the market. Abans Holdings is the financial service arm of the Abans Group and it operates a diversified global financial services business. The company has an integrated financial services platform and strong human capital. It has global exposure provides innovative financial products and also has a strong relationship with clients. However Company's revenue has declined recently, It also reported negative cash flow in the past Secondly it is a holding company and is dependent on its 17 subsidiaries and operates in a highly competitive market. Also, IPO allocation of just 10% for QIBs is a big concern. Though the issue is coming at a P/E valuation of 20.19 which is in line with its peers yet looking at the majority of negative factors we recommend to avoid this issue.

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