Angel Broking raises Rs 180 crore via 12 anchor investors ahead of IPO

Date posted: Thursday 24 September 2020

Angel Broking raised Rs 180 crore from 12 anchor investors, ahead of its maiden public issue opening. The company said, after consultation with merchant bankers, it finalised allocation of 58,82,352 equity shares to 12 anchor investors, at Rs 306 per share, or at the upper end of its price band of Rs 305-306 per share. Marquee investors that invested in the company’s anchor book included Goldman Sachs India, Macquarie Fund Solutions, Invesco Trustee, Max Life Insurance company, ICICI Prudential, HDFC Mutual Fund, and Sundaram MF.

(Moneycontrol)