Angel Broking will increase Rs 600 crore by way of the IPO on the increased finish of the worth band.
Angel Broking’s Rs 600 crore IPO closes for bidding at 5:00 pm right this moment i.e. September 24. The general public supply had opened on September 22. The worth band of the share providing has been fastened at Rs 305-Rs 306 per share. The shares might be listed on each the benchmark indices, BSE and NSE, on October 5.
The general public supply consists of recent difficulty of Rs 300 crore and a suggestion on the market of Rs 300 crore on the a part of the promoters. The buyers are eligible to bid for a minimal one lot of 49 shares and in multiples thereafter, as much as 13 tons.
Angel Broking will increase Rs 600 crore on the increased finish of the worth band. It is going to use the proceeds from the recent difficulty for its working capital necessities and for normal company functions.
Angel Broking, Integrated in 1996, is among the oldest inventory broking homes within the nation. It offers broking, advisory and monetary companies to buyers. Dinesh D. Thakkar, Ashok D. Thakkar and Sunita A. Magnani are the promoters of Angel Broking.
ICICI Securities, Edelweiss Capital and SBI Capital Markets are the lead managers for the general public providing, whereas Hyperlink Intime India is the registrar to the difficulty.
This has been a profitable week for the first markets. Pc Age Administration Providers IPO and Chemcon Speciality Chemical substances IPO closed for bidding on Wednesday i.e. September 23, after receiving an over-whelming response from the investor group. Pc Age Administration Providers IPO was subscribed 47 Occasions, whereas the Chemcon Speciality Chemical substances IPO was subscribed 149 occasions
