Angel Broking’s ₹ 600 crore initial public offering (IPO) will list on the bourses on Monday i.e. October 5, 2020 at 10:00 am. The IPO had received a muted response from the investing community. The public offer of the broking firm was subscribed 3.94 times, receiving bids for 5.4 crore equity shares as against the offer size of 1.37 crore equity shares, as per data available with the stock exchanges. The retail category was subscribed 4.31 times, qualified institutional buyers portion received 5.74 times subscription and non-institutional investors category, 69 per cent.
Angel Broking IPO was open for bidding between September 22 and September 24, 2020. The public offer consisted of a fresh issue of ₹ 300 crore and an offer for sale of ₹ 300 crore.
The lead managers for the share offering were ICICI Securities, Edelweiss Capital and SBI Capital Markets, whereas Link Intime India was the registrar to the issue.