Angel Broking IPO Review (Apply Steps, UPI and Allotment Status)

37.57% 2,152,468 Clients

Angel Broking is amount top 10 stock brokers in India offering retail broking, investment and advisory services to stock market investors. Angel started broking operations in 1987. As of July 2021, Angel has presence in over 900 cities through around 18500 offices.

Angel broking has largest distribution network of stock broking and investment services in India.

Angel offers Equity, Commodity and Currency Trading services. Angel also offers services like IPO, Mutual Funds and Demat Account.

While most of the Angel customers are offline customers trading though branch offices or by calling, Angel Broking also offers sophisticated and advance online trading platform for tech savvy customers.

Angel Broking also provides research, stock recommendations and in-depth analysis companies going public through IPO.

Online IPO is one of the most popular offering of Angel Broking. Online IPO provides customer the facility to conveniently apply for the IPO shares without any paper work. Integrated with over 20 banks, the online IPO offers ability to apply, modify and cancel IPO anytime when the IPO shares available for bidding.

2 Easy ways to apply in IPO though Angel Broking

Angel Broking customers can apply in IPO in 2 ways:

  1. Online IPO Application (Website or Mobile App)

    Angel Broking customers can apply for IPO shares online though its trading website or its mobile trading app. Online IPO Application is convenient, easy and quick way of applying in IPO's at BSE and NSE. It takes less than 1 minute to apply in IPO online. The online IPO application can be modified or cancelled (when the IPO bidding is open) in just 1 click.

  2. Offline IPO Application (Visit Angel Broking Branch)

    Angel clients can also visit any the branch office and apply in an IPO. Customer applying offline in the branch has to fill a ASBA application form and provide information like Bank Account Information, PAN Number and Demat account information.

    After successfully applying in an IPO, customer gets an acknowledge slip with a reference number.

Angel Broking Special Offer

Discount Brokerage Plan (Flat Rate Pricing)

Get a full-service trading account with discount broker pricing. Pay Rs 0 brokerage for equity delivery and flat Rs 20 brokerage for Intraday and F&O trades. Get high-quality research reports and personalized services for free. Open Instant Account and start trading in just a few minutes.

Frequently Asked Questions

  1. 1. How to apply IPO in Angel Broking?

    Angel Broking offers online IPO application services. Angel Broking customers can apply in IPOs in two ways; using UPI-based Angel Broking IPO application and by using ASBA based net-banking service of the bank.

    Note: A UPI ID is required if you are planning to apply in IPO using UPI as a payment gateway. You can create the UPI ID from the net-banking mobile app of your bank or using the BHIM app for free.

    Steps for Angel Broking IPO Application (UPI Based)

    1. Log in to Angel Broking apps (mobile, web or desktop).
    2. Click on 'More' on the top menu.
    3. Click on 'IPO' from the dropdown.
    4. Select the IPO and click the 'Apply' button.
    5. Enter UPI ID, investor type, order quantity and price.
    6. Choose the Cutoff-price checkbox if applying in the retail category.
    7. Click 'Apply' to place the IPO order
    8. A UPI mandate is sent to your UPI App in 2 hours.
    9. Accept the UPI mandate in your UPI App (net-banking or BHIM)
    • Check the status of your IPO app in Angel Broking IPO App.

    You can also apply for an IPO using the online IPO facility offered by your bank using net banking. This facility is offered by all major banks including ICICI, HDFC, SBI, Kotak, etc.

    Steps to apply in IPO using ASBA Net Banking

    1. Log in to the website/mobile app of your bank.
    2. Go to the IPO section.
    3. Choose an IPO from the list and apply.
    4. Enter your Angel Broking demat account number or any other demat account where you want the IPO shares to be credited
    5. Choose Investor Type, enter order quantity and price
    6. Choose the Cutoff-price checkbox if you're applying in the retail category
    7. Review and confirm the IPO order

    Note: The allocated IPO shares are delivered to Angel Broking demat account or any other account mentioned while in the application. You can check IPO allotment status here.



  2. 2. How to check IPO status in Angel Broking?

    The status of the IPO application applied through Angel Broking can be checked by login into the Angel Broking mobile app or website's IPO section. It is available on the Order Status page under Menu > Trade > IPO section.

    The Allotment Status of IPO application applied though Angel Broking can be checked by visiting the website of the IPO's registrar. You could check the allotment status of all the IPOs on this website.

    The IPO investor also gets an SMS and email notification from the depository (CDSL/NSDL) when allocated shares are credited in the demat account on the day of listing.



  3. 3. How to check IPO Allotment in Angel Broking?

    The IPO allotment status is published online by the registrar of the IPO on its website. It is not available on the Angel Broking website or mobile app.

    You could check the allotment status of all the IPOs on this website.

    If you have a demat account with Angel broking which you have used for applying in IPO, you get an SMS notification from the depository (CDSL/NSDL) when shares are credited in your demat account on the day of listing.



Information on this page was last updated on Tuesday, September 21, 2021


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