Shares debuted at a 10% discount to its issue price, more than a week after the brokerage's initial public offering closed with a muted response. As of 10:04 am, Angel broking shares traded Rs 287.85, recovering from its lowest point. General corporate purposes. What is the lot size of Angel Broking IPO? Currently, Angel Broking is trading at a P/B of 1.86814740831075. The stock had listed at Rs 275 on the BSE, a 10 per cent discount to the issue price of Rs 306 per share. Allotment of Equity Shares as per the Fresh Issue and move of the Offered Shares of the Promoter Selling Shareholders compliant with the Offer available to be ⦠The Net Proceeds from the Fresh Issue will be utilised towards the following objects: 1. Shares of Angel Broking Ltd. ended 9.9% lower on the first day of trading on the bourses. This Angel Broking IPO Report is going to cover any questions that you may have about the initial public offering, Angel Broking IPO date, price, allotment, listing date, etc. The stock is listed and admitted to dealings on Sensex in 'B' Group Securities. Angel Broking IPO Review| Angel Broking IPO opens from 22nd Sep - 24th Sep at a price band of Rs 305-306 in a multiple of 49 shares. It has a price band set at Rs 305 to 306 Rs per share with a lot ⦠Issue Details; Name: Angel Broking: Issue Opens: 22-Sep-20: Issue Closes: 24-Sep-20: IPO Type: Book Built Issue IPO: Exchange: BSE, NSE: Face Value â¹10 per equity shares: Issue Size (crore) Total 1,96,07,842 Eq Shares (overall up to â¹ 600 crore) Fresh Issue â¹ 300.00 Cr: Offer for Sale â¹ 300.00 Cr: Price Band â¹ 305 to ⹠⦠The company manages Rs 13,254 crore in client assets and will be the 8th public issue in 2020. Angel Broking plans to use the funds raised through the issue for general corporate purposes and to fulfill the capital requirements of the company. As opposed to the issue price of Rs 306 apiece, the shares were listed at Rs 275 on the BSE as well as the National Stock Exchange. Angel Broking Ltd made a weak debut on Monday as its shares declined more than 10% on BSE Sensex and NSE Nifty against the issue price of Rs 306 for every piece. Angel Broking, one of the largest retail broking houses in India, Angel Broking was established in 1996, providing broking, advisory and financial services, The brokerage firm has fixed the price band of the share sale at Rs 305-Rs 306 per share for its â¹600-crore initial public offering (IPO) that will open on September 22 and issue ⦠The lot size for Angel Broking IPO is a minimum of 49 shares to ⦠Angel Broking Limited is a retail stock brokerage. One of the largest retail broking service providers, Angel Broking registered a weak start after its share prices were listed at a discount of as much as 10 per cent in the IPO on Monday. The price band for Angel Broking is Rs 305 to Rs 306. Get the latest Angel Broking IPO review, allotment, subscription, DRHP, RHP, and more. The issue opens to public on Tuesday 22nd Sept and closes on Thursday 24th of September. 1) On the upper price band of Rs 306 and EPS of Rs 11.44 for FY20, the P/E ratio works out to be 26.7x. Angel Broking had made a weak debut on the bourses on October 5. If You are new for IPO, You can click here to read more about What is IPO and Detailed guide on an IPO To meet working capital requirements of up to Rs. 113.02 billion in client assets and over 1.11 million active broking accounts. Business strategies of Angel Broking Limited: The stock of the broking firm slipped as much as 16 per cent to Rs 257 in the intra-day trade against its issue price at the ⦠The face value for Angel Broking LTD IPO is Rs 10 per equity share. When Angel Broking IPO will open? Angel Broking Limited IPO will be listed on Monday, 5th October 2020. Here is the full information related to the IPO of Angel broking. The Rs 600-crore IPO of Angel Broking included a fresh issue of Rs 300 crore and an offer for sale (OFS) of Rs 300 crore from existing shareholders. ⢠Price band for the issue is Rs305-Rs306 per share ⢠The issue will open on Sep 22â2020 and closes on Sep 24â2020 The Rs 600-crore initial public offering of retail brokerage Angel Broking Pvt. - This IPO plans to sell 1,96,07,843 equity shares to the public and raise an amount of Rs. Angel Broking Limited (formerly known as Angel Broking Private Limited) is a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Metropolitan Stock Exchange of India (MSEI), ⦠Angel Broking launched its initial public offer (IPO ) on September 22. Share of Angel Broking closed nearly 10% lower to its IPO issue price on its market debut today. 306/- per share* New Delhi: Shares of Angel Broking, one of the biggest retail brokers in India, listed at a discount on exchanges on Monday.As compared to the issue price of Rs 306, it fell to a low of Rs 256.60 on the BSE, down 17%. 10 per equity share IPO price band: Rs.305 to Rs.306 per equity share Market Lot: 49 shares Lot size: Min ⦠IPO issue type: Book Built Issue Size: 600 Crores (Fresh issue: 300 crores, offer for sale: 300 crores) Face value: Rs. Angel Broking provides the entire suite of financial services from broking to wealth management and advisory. 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