Angel Broking raises Rs 180 crore from Anchors

MUMBAI: Angel Broking has raised Rs 180 crore by allotting 58.82 lakh shares to 12 anchor investors ahead of its initial public offer. Anchor investors include Goldman Sachs, IIFL, Bajaj Allianz, Max Life Insurance and domestic mutual funds such as ICICI Pru, HDFC, Sundaram, Nippon, Invesco and Birla. The IPO will open for subscription on September 22 with a price band of Rs 305-Rs 306 per equity share. The offer comprises a fresh issue of Rs 300 crore and an offer for sale aggregating to Rs 300 crore will close on September 24. International Finance Corporation will sell shares to the tune of Rs 120 crore in the offer for sale.