Angel Broking’ Rs 600-crore IPO was subscribed 3.94 instances, backed largely by the retail buyers. The retail class was subscribed 4.31 instances, certified institutional patrons portion, 5.74 instances and non-institutional buyers class, 69 per cent.
The IPO, which was open for bidding between September 22 and September 24, comprised a contemporary subject of Rs 300 crore and a suggestion on the market of Rs 300 crore by the promoters and buyers. The contemporary subject proceeds might be used in direction of working capital necessities and common company functions. The shares are more likely to be listed on the BSE and NSE, on October 5.
Included in 1996, Angel Broking is among the many oldest inventory broking homes within the nation and gives broking, advisory and monetary companies to buyers.
The best way to test the allotment standing of Angel Broking IPO?
Possibility 1
Go to the web site of the registrar i.e. https://linkintime.co.in/IPO/public-issues.html:
Click on on the dropdown menu and choose Firm Title viz. Angel Broking (please be aware that the corporate identify will seem solely after the allotment course of is full)
Examine one of many containers, viz. ‘Everlasting Account Quantity (PAN)’ or ‘Software Quantity’ or ‘Depository/Shopper ID’
Kind your ‘Everlasting Account Quantity (PAN )’ or ‘Software Quantity’ or ‘Depository/Shopper ID’ within the chosen field
Click on on the ‘Submit’ button
Possibility 2
Go to the web site of BSE i.e. https://www.bseindia.com/buyers/appli_check.aspx
Examine the field, ‘Fairness’
Choose the ‘Situation Title’ within the dropdown menu as Angel Broking (please be aware that the corporate identify will seem solely after the allotment course of is full)
Kind the ‘Software Quantity’ within the field
Kind the ‘Everlasting Account Quantity (PAN No.)’ within the subsequent field
Click on on the ‘Search’ button