Angel Broking shares shall be listed on inventory exchanges BSE and NSE on October 5
Angel Broking’s IPO or preliminary public supply was almost absolutely subscribed on Wednesday, the second day of bidding. By 11:15 am, 1.25 crore bids had been obtained for its complete situation dimension of 1.38 crore shares, marking a subscription of 91.05 per cent, in keeping with information from the Nationwide Inventory Trade (NSE). The Mumbai-based brokerage’s IPO, value Rs 600 crore, will stay open for subscription until Thursday, September 24. Angel Broking is the primary brokerage within the nation to go public in previous 10 years. Angel Broking is the most recent firm to faucet the nation’s IPO market, which has picked up momentum following a lukewarm begin to the yr.
Listed here are some key particulars concerning the Angel Broking IPO:
Problem Worth: Angel Broking has set a value band of Rs 305-306 per share for the preliminary public supply.
Essential Dates: Angel Broking shares shall be listed on inventory exchanges BSE and NSE on October 5.
Lot Measurement: Traders can buy between one to 13 a number of shares underneath the general public supply.
Fund Utilization: The corporate plans to make the most of the funds raised by way of the IPO in direction of normal company functions. (Additionally Learn: Should You Invest In Angel Broking IPO? Here’s What Analysts Say | Happiest Minds Technologies Shares Make Strong Debut)
Firm Profile: Angel Broking is without doubt one of the largest retail broking homes within the nation by way of energetic shoppers. It offers broking companies throughout fairness, commodity and foreign money segments, and in addition facilitates the opening of demat accounts for its shoppers.
