Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Former head of British Army calls for aid to Afghanistan despite human rights abuses

    August 15, 2022

    Marshall Islands sees first community COVID outbreak as more than 3,000 test positive

    August 15, 2022

    Salman Rushdie brought attack on himself, says Iran

    August 15, 2022
    Facebook Twitter LinkedIn
    Trending
    • Former head of British Army calls for aid to Afghanistan despite human rights abuses
    • Marshall Islands sees first community COVID outbreak as more than 3,000 test positive
    • Salman Rushdie brought attack on himself, says Iran
    • Readers sound off on border crossings, Yankees announcers and Rikers Island
    • Rail fares in England to rise below inflation, vows government
    • Chelsea boss says he has 'no ill feeling' towards Spurs' Conte following pair's red card clash
    • Here are great career options for people with art degrees
    • Kabul evacuation was 'tragic yet avoidable', hard-hitting new report concludes
    Facebook Twitter LinkedIn
    Business KhabarBusiness Khabar
    • World
    • Auto
    • Business
      • Industries
      • Opinion
    • Market
    • Money
      • Finance
      • Insurance
      • Investment
      • Schemes
    • Sports
    • Other
      • Stories
      • Career
      • Entrepreneurship
      • Property
    • Web Stories
    Business KhabarBusiness Khabar
    Home » Another entry in the IPO market; Angel Broking will open on 22 September
    Money

    Another entry in the IPO market; Angel Broking will open on 22 September

    Damini SharmaBy Damini SharmaSeptember 18, 2020Updated:September 18, 2020No Comments
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Angel Broking’s IPO will open on September 22 and close on September 24. Anchor investors will be able to bid only on September 21.

    In the midst of the coronavirus pandemic, there is a sudden boom in the primary market. One by one company is bringing their initial public offering (IPO). The brilliant listing of Happiest Minds in the stock market has made this sentiment stronger. Meanwhile, brokerage firm Angel Broking also announced its IPO on Friday.

    The company is aiming to raise Rs 600 crore through the issue. Angel Broking told in a virtual press conference on Friday that the company’s IPO will open on September 22. The company is expected to raise Rs 600 crore through an IPO. The price band for IPO has been fixed from 305 to 306 rupees per share. The IPO will open on 22 September and close on 24 September. At the same time, anchor investors will be able to bid on September 21 only.

    Read: Mutual funds are betting on private banks, these shares are fiercely

    Angel Broking: 1800 city-towns reach

    Angel Broking aims to raise Rs 600 crore from the IPO. In this, new shares of Rs 300 crore will be issued, while the promoters and other shareholders of the company will offer the sale of shares worth Rs 300 crore. International Finance Corporation will offer the sale of shares worth about Rs 120 crore. The funds raised from this IPO will be used by the company to meet its working capital needs and other corporate functions.

    Angel Broking has access to 1,800 cities and towns in the country. The company has more than 110 branches. ICICI Securities, Edelweiss Financial Services and SBI Capital have been given the responsibility of managing the issue. The shares of the company will be listed on the BSE and the National Stock Exchange.

    LIC IPO: Government will reduce stake from LIC to 10 per cent, not 10!

    What does Angel Broking do?

    Angel Broking is a financial service provider company. It provides customers with broking and advisory services, margin funding, loans against shares and financial products through its subsidiary AFPL. Angel Broking is the fourth largest broker in terms of active clients on the National Stock Exchange (NSE). Its market share stood at 6.3 percent by June 2020.

    Talking about the last few years, the company’s customer base has increased every year. Talking about the current financial year, the company added 3.5 lakh customers in the first quarter. Every month around 1.15 lakh customers joined the company for its services, while the average monthly growth in the first quarter of FY 2020 was more than 46,000. Thus, on an annual basis, the company’s customer base has increased by 147 percent during the reporting period.

    Happiest Minds IPO: Allotment of Happiest Mind’s IPO has been finalized

    Bumper listing of Happiest Minds

    Let me tell you, the share of Happiest Minds was listed at a price of Rs 351 on BSE. The issue price of Happiest Minds shares was Rs 166. In this sense, the stock was listed at a premium of 111 per cent. On the NSE, it was listed at Rs 350 per share. This issue proved to be rewarding for investors too. Those who would have invested Rs 1 lakh in it, their money increased to more than 2 lakh in less than a week. On the other hand, Root Mobile’s IPO has also come in the market. At the same time, the Computer Edge Management Services (CAMS) IPO is going to open on 21 September next week.

    Happiest Minds Happy Investors As soon as they are listed in the stock market, know Happy

    Companies hope after unlock

    Jagdish Thakkar, director of Fortune Fiscal, says that the market has gained momentum after the economy opened. Liquidity has arrived. If there is no big negative trigger, then this momentum is expected to continue in the market during the time of unlocking. In such a situation, the companies’ trust in the economy is increasing and they see a good opportunity to enter the market. Companies expand their business by raising money from the market through IPOs. For this, they see this perfect opportunity. However, in the case of investors, they should invest only in companies with strong business models.

    IPO: Allotment, a new entry from listing, next few days in IPO market

     

    Source: www.financialexpress.com

    #entry #IPO #market #Angel #Broking #open #September

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Damini Sharma
    • LinkedIn

    Experienced Senior Content Writer with a demonstrated history of working in the information technology and services industry. Skilled in SEO Copywriting, Web Content Writing, Storytelling, Blogging, and Social Media. Strong media and communication professional with a mass communication focused in Journalism from Sjmc davv indore.

    Related Posts

    Cities That Lost and Gained the Most People in the Pandemic

    August 14, 2022

    More People Are Counting on This to be Able to Buy a Home

    August 13, 2022

    Closed Las Vegas Strip Icon Makes Way for Huge New Project

    August 12, 2022
    Recent Posts
    • Former head of British Army calls for aid to Afghanistan despite human rights abuses
    • Marshall Islands sees first community COVID outbreak as more than 3,000 test positive
    • Salman Rushdie brought attack on himself, says Iran
    • Readers sound off on border crossings, Yankees announcers and Rikers Island
    • Rail fares in England to rise below inflation, vows government
    Top Posts

    Complete Information On How To Open Baby And Kids Store

    July 24, 2020

    How To Start Potato Onion Wholesale Business?

    July 28, 2020

    Small Business Ideas for Women: 5 businesses will be earning in lakhs

    July 28, 2020

    Budget 2021: You have an idea or suggestion, send it online to the government by 30 November; This is the way

    November 27, 2020
    Don't Miss
    World

    Former head of British Army calls for aid to Afghanistan despite human rights abuses

    By Business KhabarAugust 15, 2022

    A former head of the British Army has known as for worldwide assist to be…

    Marshall Islands sees first community COVID outbreak as more than 3,000 test positive

    August 15, 2022

    Salman Rushdie brought attack on himself, says Iran

    August 15, 2022

    Readers sound off on border crossings, Yankees announcers and Rikers Island

    August 15, 2022
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us

    Business Khabar: Read latest business news, auto news, technology news, personal finance, industries news, investment & insurance news, startups & success stories.

    We're accepting new partnerships right now.

    Email Us: [email protected]

    Facebook Twitter LinkedIn
    Our Picks

    MBTA hiring subway dispatchers: Starting pay $103,000 and $10K bonus

    July 15, 2022

    Photos: PR maven George Regan’s wedding brings Boston, Massachusetts big-wigs to Cape Cod

    July 31, 2022

    What is Project Report? Features Requirements and Benefits.

    August 17, 2019
    Most Popular

    Despite the rejection of the EU’s proposal to ban Bitcoin, the crypto market declines

    March 15, 2022

    An amount of Rs 500 crore has been approved for Aurangabad for annual plan: Subhash Desai

    February 17, 2022

    Nashik-Pune rail line proposal in final phase

    December 18, 2021
    © 2022 Business Khabar. Designed by ThemeSphere.
    • About us
    • Contact
    • Contribute for us
    • Privacy Policy
    • Disclaimer

    Type above and press Enter to search. Press Esc to cancel.