Angel Broking IPO subscribed 77% on Day 1; no bids received from QIBs

NEW DELHI: The IPO by Angel Broking got subscribed 77 per cent in an otherwise weak session on Tuesday. The issue was able to attract bids for 1,05,01,287 shares on Day 1 of the bidding process, which was 77 per cent the issue size of 1,37,70,491 shares.

The retail portion was subscribed 1.46 times, while that reserved for non-institutional investors was filled in 16 per cent. There were no bids received from qualified institutional investors.

The broking firm, the previous day ..