Angel Broking Limited

Angel Broking Limited Initial Public Offering Details

Angel Broking Limited IPO Subscription Period From 22nd September To 24th September 2020:

Angel Broking Limited was embodied in 1996 and located at Mumbai. It is one of the oldest stock broking company in India. The company also provides services such as broking, margin funding, advisory, and financial services. The IPO subscription will starts from 22nd September 2020 and it will close on 24th September 2020.

IPO Details:

Bid period 22nd September to 24th September 2020
IPO Type Book Built Issue IPO
IPO Size equity shares of Rs. 10 (aggregating up to Rs. 600.00 Cr)
Fresh Issue equity shares of Rs. 10 (aggregating up to Rs. 300.00 Cr)
Offer for Sale equity shares of Rs. 10 (aggregating up to Rs. 300.00 Cr)
Face Value Rs. 10 per equity share
IPO Price Rs. 305 to Rs. 306 per equity share
Market Lot 49 shares
Minimum Order Quantity 49 shares
Listing At BSE, NSE

The company introduced a ‘Book Built Issue‘ type initial public offering with the face value of Rs. 10 per equity share. Similarly, the price band of the issue from Rs. 1,229 to Rs. 1,230 per equity share.

The market lot and the minimum order quantity is 49 per each. If any investor should invest in this company with a minimum investment amount of Rs. 14,994 (1 lot=49 shares). Also, the maximum investment amount of Rs. 1,94,922 (13 lot= 637 shares).

Angel Broking Limited Promoter Holdings:

The promoters of the company are Dinesh D. Thakkar, Ashok D. Thakkar, and Sunitha A. Magnani.

Pre Issue Share Holding 65.42%
Post Issue Share Holding

The objective of the company, it plans to utilize the IPO raised the amount for the working capital requirements and general corporate purposes. The company shares will be list on both the Bombay Stock Exchange and National Stock Exchange.

The company will issue the allotment order on 29th September 2020. If in case shares are not allotted to any investor the bid amount will be refunded on 30th September. Chemcon shares will list on 5th October 2020 on both the BSE and NSE.

IPO Registrar:

Link Intime India Private Ltd.

C 101, 247 Park, L.B.S Marg, 

Vikhroli (West), Mumbai- 400083.

Phone: +91-22-4918 6270

Email[email protected]

Website: http://www.linkintime.co.in

Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.

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