Angel Broking shares can be listed on inventory exchanges BSE and NSE on October 5
Angel Broking’s preliminary public provide (IPO) was absolutely subscribed Wednesday, the second day of bidding. The corporate is the primary brokerage home within the nation to go public in previous 10 years. Its IPO price Rs 600 crore will stay open for subscription until Thursday, September 24. By 12:45 pm, 1.45 crore bids had been obtained for its whole challenge measurement of 1.38 crore shares, marking a subscription of 105.07 per cent, in keeping with knowledge from the Nationwide Inventory Change (NSE). (Additionally Learn: Should You Invest In Angel Broking IPO? Here’s What Analysts Say)
Angel Broking has set a worth band of Rs 305-306 per share for the IPO. Buyers can apply for Angel Broking shares in a lot of 49 shares, as much as 13 tons (637 shares). On the higher finish of its worth band, one lot will value an investor Rs 14,994.
Angel Broking shares can be listed on inventory exchanges BSE and NSE on October 5.
Mumbai-based Angel plans to make the most of the funds raised via the IPO in the direction of normal company functions.
Angel Broking is among the largest retail broking homes within the nation when it comes to lively shoppers. It supplies broking companies throughout fairness, commodity and forex segments, and in addition facilitates the opening of demat accounts for its shoppers.
Angel Broking is the newest firm to faucet the nation’s IPO market, which has picked up momentum following a lukewarm begin to the yr. (Additionally Learn: Happiest Minds Technologies Shares Make Strong Debut)
