Business Standard

Angel Broking's IPO subscribed 1.46 times on second day of bidding

The category meant for non institutional investors was subscribed 31 per cent and that of retail individual investors 2.79 times.

IPO, initial public offering
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The initial public offer comprises a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore.

Press Trust of India
Angel Broking's initial public offer was subscribed 1.46 times on the second day of subscription on Wednesday.

TheRs 600-crore public offer received bids for 2,00,94,459 shares against 1,37,70,491 shares on offer.

The category meant for non institutional investors was subscribed 31 per cent and that of retail individual investors 2.79 times.

The initial public offer comprises a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore.


Price range for the offer has been fixed at Rs 305-306 apiece.

Angel

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