Abans Holdings IPO subscribed 42% on Day 3, QIB quota booked more than twice

“We find Abans being one of the beneficiaries of the government reforms,” said the brokerage. “Moreover, despite the shocks in the past such as the pandemic and current geopolitical situation, Abans Holding was able to grow at PAT levels in the last two years.” The company operates in a highly competitive environment and a crowded space where there is little differentiation in terms of product offerings.

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