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Angel Broking’s Rs 600 crore IPO closes for bidding at 5:00 pm right now i.e. September 24. The public supply had opened on September 22. The worth band of the share providing has been fastened at Rs 305-Rs 306 per share. The shares will probably be listed on each the benchmark indices, BSE and NSE, on October 5.
The public supply consists of contemporary challenge of Rs 300 crore and a proposal on the market of Rs 300 crore on the a part of the promoters. The traders are eligible to bid for a minimal one lot of 49 shares and in multiples thereafter, as much as 13 tons.
Angel Broking will increase Rs 600 crore on the larger finish of the worth band. It will use the proceeds from the contemporary challenge for its working capital necessities and for basic company functions.
Angel Broking, Incorporated in 1996, is among the oldest inventory broking homes within the nation. It supplies broking, advisory and monetary providers to traders. Dinesh D. Thakkar, Ashok D. Thakkar and Sunita A. Magnani are the promoters of Angel Broking.
ICICI Securities, Edelweiss Capital and SBI Capital Markets are the lead managers for the general public providing, whereas Link Intime India is the registrar to the difficulty.
This has been a profitable week for the first markets. Computer Age Management Services IPO and Chemcon Speciality Chemicals IPO closed for bidding on Wednesday i.e. September 23, after receiving an over-whelming response from the investor neighborhood. Computer Age Management Services IPO was subscribed 47 Times, whereas the Chemcon Speciality Chemicals IPO was subscribed 149 instances
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