Angel Broking: The brokerage agency has mounted value band of the share providing at Rs 305-Rs 306 per share.
Angel Broking’s Rs 600 crore preliminary public supply (IPO) opens for bidding on Tuesday i.e. September 22 for 3 days as much as September 24. The brokerage agency has mounted the worth band of the share providing at Rs 305-Rs 306 per share. The shares will probably be listed on BSE and NSE, on October 5.
The general public supply includes contemporary subject of Rs 300 crore and a proposal on the market amounting to Rs 300 crore. Applicants can bid for a minimal one lot of 49 shares and in multiples thereafter, as much as 13 heaps.
Angel Broking plans to lift Rs 600 crore by the general public subject (on the increased finish of the worth band). It should use the proceeds from the contemporary subject to satisfy its working capital necessities and for normal company functions.
Included in 1996, Angel Broking is without doubt one of the oldest inventory broking homes within the nation. It gives broking, advisory and monetary providers to the investing neighborhood. The promoters of Angel Broking are Dinesh D. Thakkar, Ashok D. Thakkar and Sunita A. Magnani.
The lead managers for the general public supply are ICICI Securities, Edelweiss Capital and SBI Capital Markets, whereas the registrar is Hyperlink Intime India.
The final huge broking agency to record on the Indian bourses was ICICI Securities, approach again in March 2018. Another distinguished broking corporations to faucet the first markets had been Motilal Oswal Monetary Companies in 2007 and Emkay World in 2006.
The Angel Broking public supply would be the eighth IPO on this calendar yr after the likes of SBI Card, Rossari Biotech, Mindspace Enterprise Parks REIT, Happiest Minds, Route Cell, Chemcon Speciality Chemical substances and Laptop Age Administration Companies.
