Abans Holdings’ initial public offering (IPO) will open for subscription today (December 12). The public sale will end on December 15.

Abans Holdings has set a price range of Rs 256 to Rs 270 per share for its IPO. The company is expected to raise Rs 345.6 crore at the higher end of the price range. Bidders can apply in batches, and one batch will consist of 55 shares of the company for Rs 14,850.

Abans Holdings’ IPO allotment situation may be announced on December 20, and the subscription situation will be reported on the registrar’s official website. Bigshare Services Pvt Ltd is the official registrar for the public offering.

Shares of Abans Holdings will make their stock market debut next week. Shares will be listed on the NSE and BSE on December 23 at 10 am.

Abans Holdings’ initial share sale consists of a new issue of up to 38 lakh shares and an offer for sale (OFS) of up to 90 lakh shares to be issued by promoter Abhishek Bansal.

Proceeds from the new issue will be used to invest in its NBFC subsidiary, Abans Finance, to fund the expansion of its capital base for future capital requirements for general corporate purposes.

The firm operates a diversified global financial services business, providing non-banking financial company (NBFC) services, global institutional equity, commodity and foreign exchange trading, private client stockbroking, depository services and asset management services accounts to corporates, institutions and high net worth individuals.

It currently operates in six countries (UK, Singapore, UAE, China, Mauritius and India).