Angel Broking Ipo Review Subscription
The price band for angel broking ipo.
Angel broking ipo review subscription. Angel broking is one of the largest retail broking houses in india in terms of active clients on nse as of june 30 2020 company is a technology led financial services company providing broking and advisory services margin funding loans against shares through one of our subsidiaries afpl and financial products distribution to our clients under the brand angel broking. Angel broking one of the biggest retail broking houses in india yesterday ahead of the ipo the firm managed to raise rs 179 99 crore from 26 anchor investors allocating 58 82 352 equity shares. Angel broking limited initial public offer ipo will open for subscription today i e. The ipo opens on sep 22 2020 and closes on sep 24 2020.
The public issue will close on september 24 2020. Angel broking ipo review. Angel broking is one of the oldest retail brokers in india. The minimum order quantity is 49 shares.
Established in 1996 angel broking s name is synonymous with traditional brokerage houses. Angel broking ipo review issue size price brand ipo opens date is sep 22 and ends on 24th sep. Link intime india private ltd is the registrar for the ipo. Angel broking ipo description angel broking is one of the largest independent full service retail broking houses in india in terms of active clients on nse as of 30 june 2020 it is a technology led financial services company offering broking and advisory services margin funding loans against shares through afpl and financial products distribution.
Angel broking ipo subscription details day by day angel broking ipo subscribed 3 94 times angel broking ipo received bids for 4 31 times issue size in retail 5 74 times issue size in qib and 0 69 times issue size in the non institutional category by sep 24 2020 17 00. Angle broking is indias largest retail broking company. Angel broking ipo details. Angel broking s forthcoming initial public offering ipo is a play on this industry wide digitisation.
After the opening of subscription of cams ipo and chemcon ipo yesterday another ipo has become available for the investors from today broking firm angel broking has also offered its initial public offer ipo and it is available for subscription from today. The number of client additions did not help listed brokerage stocks make a strong recovery from march lows. That said investors do not share the same excitement over the fundamentals of the broking industry due to its over crowded nature.
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