 "IPO")
The initial public offer (IPO) of Angel Broking, one of the largest retail broking houses in India, opened for public subscription today. The company plans to raise Rs 600 crore via the IPO which consists of a fresh issue of Rs 300 crore and offer for sale (OFS) of Rs 300 crore by promoters and investors.
The public issue will close on September 24. Bids can be made for a minimum of 49 equity shares and in multiples of 49 shares thereafter. ICICI Securities, Edelweiss Financial Services and SBI Capital Markets are the book-running lead managers for the IPO.
On Monday, Angel
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