Angel Broking shares shall be listed on inventory exchanges BSE and NSE on October 5
Angel Broking’s preliminary public supply (IPO) was totally subscribed on Wednesday, the second day of bidding. The Mumbai-based brokerage’s IPO, price Rs 600 crore, will stay open for subscription until Thursday, September 24. The corporate plans to make the most of the funds raised by the IPO in the direction of common company functions. Angel Broking is the primary brokerage within the nation to go public in previous 10 years, and 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: Should You Invest In Angel Broking IPO?)
By 5:30 pm, 2.01 crore bids had been obtained for the IPO’s whole situation measurement of 1.38 crore shares, marking a subscription of 145.92 per cent, in accordance with information from the Nationwide Inventory Alternate (NSE).
Angel Broking IPO Concern Worth
Angel Broking has set a value band of Rs 305-306 per share for the preliminary public supply.
Lot Dimension
Traders can buy between one to 13 plenty of shares beneath the general public supply, whereby every lot is of 49 shares.
Itemizing
Angel Broking shares shall be listed on inventory exchanges BSE and NSE on October 5.
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Angel Broking is among the largest retail broking homes within the nation by way of energetic purchasers. It offers broking providers throughout fairness, commodity and foreign money segments, and likewise facilitates the opening of demat accounts for its purchasers.
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