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Domestic brokerage Angel Broking on Friday said its initial public offering (IPO) will open for subscription on September 22, and the price band for the same has been fixed at Rs 305-Rs 306 per equity share.
The offer, which will close on September 24, comprises a fresh issue of Rs 300 crore and an offer for sale aggregating to Rs 300 crore.
ICICI Securities, Edelweiss Financial Services and SBI Capital Markets are the book running lead managers to the offer.
The lot size has been decided at 49 shares, meaning one will have to shell out at least Rs 14,945 to bid for the issue.
With 7.7 lakh active customer, Angel Broking is the fourth largest broking firm in the country.
“Net worth of the company stood at Rs 639.10 crore as of June 30. The figure stood at Rs 473.60 crore in FY18,” the firm said.
The offer, which will close on September 24, comprises a fresh issue of Rs 300 crore and an offer for sale aggregating to Rs 300 crore.
ICICI Securities, Edelweiss Financial Services and SBI Capital Markets are the book running lead managers to the offer.
The lot size has been decided at 49 shares, meaning one will have to shell out at least Rs 14,945 to bid for the issue.
With 7.7 lakh active customer, Angel Broking is the fourth largest broking firm in the country.
“Net worth of the company stood at Rs 639.10 crore as of June 30. The figure stood at Rs 473.60 crore in FY18,” the firm said.