The QIP received an overwhelming response from both domestic and foreign institutional investors, the brokerage firm said. Angel One allotted 58,70,818 equity shares to qualified institutional buyers at Rs 2555.01 a share.
The growing client base, and heightened activity across multiple derivative and cash products along with the consistently increasing quantum of orders executed on the companys platform, have entailed a sustained requirement of enhanced working capital, to diligently manage such growth in volumes, Angel One said.
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Hemen has played a pivotal role in the evolution of the ETF market in India and has facilitated the growth of the passive fund management industry through his contributions at myriad industry and regulatory committees.