• Angel Broking allocates 58,82,352 equity shared at a upper price band of Rs 306 per equity shares
• Offer to remain open from September 22nd to September 24th 2020
• IPO price band fixed at Rs 305 to Rs 306 per equity share of face value of Rs 10 each
Angel Broking Limited, today raised Rs 179.99 crore from 26 anchor investors ahead of the company’s proposed IPO. Angel Broking Limited has allocated 58,82,352 equity shared at an upper price band of Rs 306 per equity shares.
The anchor allocation as follows:
ICICI PRUDENTIAL SMALLCAP FUND 2.78%; ICICI MIDCAP FUND 2.22%; ICICI PRUDENTIAL MULTICAP FUND 12.78%; ICICI PRUDENTIAL VALUE FUND – SERIES 15 1.67%; RELIANCE CAPTIAL TRUSTEE CO. LTD – A/C NIPPON INDIA BANKING FUND 7.22%; RELIANCE CAPTIAL TRUSTEE CO. LTD – A/C NIPPON INDIA GROWTH FUND 7.22%; HDFC SMALL CAP FUND 11.11%; GOLDMAN SACHS INDIA LTD. 11.11%; ADITYA BIRLA SUN LIFE TRUESTEE PVT LTD – A/C ADITYA BIRLA CUNLIFE SMALL CAP FUND 11.11%; SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES XI – 0.73%; SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES XII – 0.54%; SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICREO CAP SERIES XIV – 0.66%; SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES XV – 0.64%; SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES XVI – 0.41%; SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES XVII – 0.35%; SUNDARAM MUTUAL FUND A/C SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES III – 0.41; SUNDARAM MUTUAL FUND A/C SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES IV – 0.19%; SUNDARAM MUTUAL FUND A/C SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES V – 0.21%; SUNDARAM MUTUAL FUND A/C SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES VI – 0.20%; SUNDARAM MUTUAL FUND A/C SUNDARAM SERVICES FUND – 3.44%; MACQUARIE FUND SOLUTION – MACQUARIE ASIAN ALL STARS FUNDS – 6.11%; INVESCO TRUSTEE PVT LTD A/C INVESCO INDIA SMALL CAP FUND – 6.11%; IIFL SPECIAL OPPORTINITIES FUND – SERIES 5 – 5%; BAJAJ ALLIANZ LIFE INSURANCE CO. LTD. – 3.89%; MAX LIFE INSURANCE CO. LTD. A/C ULIF01311/02/08LIFEHIGHGR104 – HIGH GROWTH FUND – 2.77%; MAX LIFE INSURANCE CO. LTD. – 1.12%
The price band of the Offer has been fixed at Rs 305 to Rs 306 per Equity Share. The initial public offer opens for subscription on 22nd September 2020 and will close on 24th September 2020.
The initial public offering consists of the Equity Shares of the Company aggregating up to Rs. 6,000.00 Million comprises of a Fresh Issue Company aggregating up to Rs. 3,000.00 Million (“Fresh Issue”) and an Offer for Sale aggregating up to Rs. 3,000.00 Million (the “Offer for Sale”), consisting of an offer for sale aggregating up to Rs. 183.35 Million by Ashok D. Thakkar and up to Rs. 45.00 Million by Sunita A. Magnani (together, the “Promoter Selling Shareholder”), and up to Rs. 1,200.02 Million by IFC (the “Investor Selling Shareholder”) and up to Rs. 1,571.63 Million by the Individual Selling Shareholder (together with the Promoter Selling Shareholder and the Investor Selling Shareholder, the “Selling Shareholders”) (the Offer for Sale together with the Fresh issue, the “Offer”).
Bids can be made for a minimum of 49 Equity Shares and in multiples of 49 Equity Shares thereafter.
The Equity Shares offered in this Offer are proposed to be listed at both BSE Limited and the National Stock Exchange of India Limited (“NSE”) post the listing. For the purpose of the offer, NSE is the designated stock exchange.
ICICI Securities Limited, Edelweiss Financial Services Limited and SBI Capital Markets Limited are the book running lead managers to the Offer (“BRLMs”).
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