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The IPO of Angel Broking is open for subscription from September 22- 24. At the price band of ₹305-₹306, Angel Broking discounts its FY20 pre-issue earnings by about 26 times (30 times post-issue). The company is valued at nearly ₹2,500 crore at this price.
Angel Broking, which was a traditional full-service broking house has moved towards online-based broking by introducing zero brokerage in equity delivery and low flat charges in derivatives segment.
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