## Comment on The IPO Markets - Part 1

I have one query. As you have mentioned in the article, promoter has 40% of the shares and the two angels get 5% each and the company retains 50% of the shares. Can you please elaborate the total 5cr cash divided into promoter and angles?. As per math, it is 2cr and 25lakh each fr angel. So where is the remaining 2.5cr cash?? is it in reserves and surplus ? … Also how promoters and angles arrive at 40% and 5% number?? How much promoter and angles have invested initially ?? ..