Angel Broking Ltd IPO (Angel Broking IPO) Detail

Sep 22, 2020 - Sep 24, 2020

Incorporated in 1996, Angel Broking Ltd is one of India's oldest stockbroking houses providing broking, marging funding, advisory,and financial services through brands "Angel Broking" and "Angel Bee" powered by "ARQ". They have a strong market presence with active clientele on the National Stock Exchange (NSE) with a market share of around 6.3% and 2.15 million operational broking accounts as of June 2020.

It's digital transformation helped it being the 4th Largest comapany in terms of active NSE clients and 2nd largest in terms of incremental NSE clients in Q1 - FY21. Angel Broking being a pioneer in new client activation has access to approximately 79.55 miliion persons as of June 30, 2020. From Q1 FY20 to Q1 FY21, its average daily turnover has been increased from Rs. 253,176 million to Rs. 618,945 million.

Angel Broking Ltd offers some of the key products and financial services to the clients:

1. Broking and Advisory 2. Margin Trading Facility 3. Investor Education 4. Loans against shares 5. Research Services Competitive Strengths 1. Strong brand name 2. Advanced technology and digitalization 3. Strong client base 4. Pan-India presence 5. Strong financial performance

Important Links

Company Promoters:

Dinesh D. Thakkar, Ashok D. Thakkar and Sunita A. Magnani are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)

Particulars For the year/period ended (Rs in Million)
30 June 2020 31 March 2020 31 March 2019 31 March 2018
Total Assets 29,731.02 21,592.05 21,690.56 22,828.67
Total Revenue 2,440.86 7,427.79 7,626.47 7,536.55
Profit After Tax 381.83 866.24 766.94 1,010.52

Objects of the Issue:

The Net Proceeds from the fresh Issue will be utilised towards the following objects:

1. To meet working capital requirements; and
2. General corporate purposes

Angel Broking IPO Details

IPO Opening DateSep 22, 2020
IPO Closing DateSep 24, 2020
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹305 to ₹306 per equity share
Market Lot49 Shares
Min Order Quantity49 Shares
Listing AtBSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹600.00 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹300.00 Cr)
Offer for Sale[.] Eq Shares of ₹10
(aggregating up to ₹300.00 Cr)

Angel Broking IPO Tentative Timetable

The Angel Broking IPO open date is Sep 22, 2020, and the close date is Sep 24, 2020. The issue may list on Oct 5, 2020.

IPO Open DateSep 22, 2020
IPO Close DateSep 24, 2020
Basis of Allotment DateSep 29, 2020
Initiation of RefundsSep 30, 2020
Credit of Shares to Demat AccountOct 1, 2020
IPO Listing DateOct 5, 2020

Angel Broking IPO Lot Size

The Angel Broking IPO market lot size is 49 shares. A retail-individual investor can apply for up to 13 lots (637 shares or ₹194,922).

ApplicationLotsSharesAmount (Cut-off)
Minimum149₹14,994
Maximum13637₹194,922

Angel Broking IPO Promoter Holding

Pre Issue Share Holding65.42%
Post Issue Share Holding

Angel Broking IPO Offer Size by Investor Category

The Percentage of Offer Size available for Allotment/allocation:

Category No. of shares %

Anchor

58,82,353

30%

QIB

39,34,425

20%

NII

29,50,820

15%

Retail

68,85,246

35%

Total

1,96,52,844

 

Angel Broking IPO Subscription Status (Bidding Detail)

The Angel Broking IPO is subscribed 3.94x times on Sep 24, 2020 17:00. The public issue subscribed 4.31x in the retail category, 5.74x in the QIB category, and 0.69x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

5.74x

NII

0.69x

RII

4.31x

Total

3.94x

Angel Broking IPO Prospectus

Angel Broking IPO Rating

1472
3.7
Rating:Rated 3.7 stars

Vote Here ...

Angel Broking IPO Listing Date

Listing DateMonday, October 5, 2020
BSE Script Code543235
NSE SymbolANGELBRKG
Listing InB Group of Securities
ISININE732I01013
IPO Price₹306 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹306.00
₹275.00
₹256.60
₹296.45
₹275.85
894,431
NSE
₹306.00
₹275.00
₹257.00
₹296.70
₹275.80
8,546,238

Company Contact Information

Angel Broking Ltd
G-1, Ground Floor, Akruti Trade Centre,
Road No. 7, MIDC,
Andheri (East), Mumbai 400 093

Phone: +91 22 4000 3600
Email: investors@angelbroking.com
Website: https://www.angelbroking.com/

Angel Broking IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: angel.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Angel Broking IPO FAQs

  1. What is Angel Broking IPO?

    Angel Broking IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. The issue is priced at ₹305 to ₹306 per equity share. The minimum order quantity is 49 Shares.

    The IPO opens on Sep 22, 2020, and closes on Sep 24, 2020.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. How to apply in Angel Broking IPO through Zerodha?

    Zerodha customers can apply online in Angel Broking IPO using UPI as a payment gateway. Zerodha customers can apply in Angel Broking IPO by login into Zerodha Console (back office) and submitting an IPO application form.

    Steps to apply in Angel Broking IPO through Zerodha

    1. Visit the Zerodha website and login to Console.
    2. Go to Portfolio and click the IPOs link.
    3. Go to the 'Angel Broking IPO' row and click the 'Bid' button.
    4. Enter your UPI ID, Quantity, and Price.
    5. ‘Submit’ IPO application form.
    6. Visit the UPI App (net banking or BHIM) to approve the mandate.

    Visit Zerodha IPO Application Process Review for more detail.

  3. When Angel Broking IPO will open?

    The Angel Broking IPO opens on Sep 22, 2020 and closes on Sep 24, 2020.

  4. What is the lot size of Angel Broking IPO?

    Angel Broking IPO lot size is 49 Shares and the minimum order quantity is 49 Shares.

  5. How to apply for Angel Broking IPO?

    You can apply in Angel Broking IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  6. When Angel Broking IPO allotment?

    The finalization of Basis of Allotment for Angel Broking IPO will be done on Sep 29, 2020, and the allotted shares will be credited to your demat account by Oct 1, 2020. Check the Angel Broking IPO allotment status.

  7. When is Angel Broking IPO listing date?

    The Angel Broking IPO listing date is on Monday, October 5, 2020.

Angel Broking IPO Message Board

Ranked Members  Ranked Members

Loading...
321. IPOANALYSIS |Oct 30, 2020 09:56
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Wonderful
All the people giving wrong comments have gone with wind. See price now. Action just started. Angel broking is an excellent company with good management and future multibagger. Some companies like page industries, eicher motor and many other went down on listing day and then we all know the results now
321.1. Nitin Satija |Oct 31, 2020 01:21
Out of 49 alloted shares, 40 sold at Rs 367. Happy with the performance.
320. amit K singh |Oct 27, 2020 16:35
IPO Mentor IPO Mentor (700+ Posts, 1200+ Likes)
Angel is up 20% today. Good results...
319. IPO Mitr |Oct 14, 2020 13:09
Angel Broking is heading towards 240-250 range. Short term bottom not formed yet.
319.1. IPO Mitr |Oct 20, 2020 01:40
After 240-250 range...now 230-240 is also reached by this stock.

Bottom is yet to be formed. Be careful. Do not enter at this stage till downward trend movement stops for couple of trading days.

Suno sabki par karo sirf apne man ki.
318. Dhavalbhavsarahmedabad |Oct 19, 2020 11:03
Ye kab chalega...... now 20% down issue prise...
317. yaswanth |Oct 16, 2020 18:08
244 now
20% loss
316. Dhavalbhavsarahmedabad |Oct 16, 2020 18:07
Stoploss hit angel broking 250. Sorry for it.....



If u have stock without stoploss wait target 350... ????????????????????????????
315. Dhavalbhavsarahmedabad |Oct 14, 2020 19:04
Buy at 260 leval sl below 250 target 300+ target prise subject to 3 month till december 2020...
.
314. IPO Mitr |Oct 9, 2020 13:19
It is fallacious and erroneous to determine the success of an IPO from GMP and subscription.

GMP and subscription are just few indicators of demand of shares in an IPO and demand may not necessarily indicate the quality of IPO.

With easy liquidity and advent of online platform, people believe that success of an IPO is just listing gain. If the same people lose money in few IPOs they will quit IPOs for months if not years.

There are so many factors which determine listing price, it really needs all the factors to be positive for an IPO to give positive listing. Some of this factors are fundamentals, some statistical, some environmental and some coincidental Rigging of these factors by vested interests also takes place in our country where regulators are always found to be sleeping.

Remember an excellent IPO stock at a reasonable valuation was not successful as timing was made unfavorable due to out of the blue and ill-fated lockdown announcement. e.g. SBI Cards

Friends, there is no free lunch anywhere and more so in IPO. There is no sure shot way to earn from IPOs irrespective what so called gurus may say. Till we find such a sure shot method to success....let us all enjoy the ride till it lasts.

313. Nishiket |Oct 6, 2020 11:13
Hello experts, please advise if it is worth to buy Angel Broking at current levels or should we wait for more down side? Please advise.
312. BubbleBoy |Oct 6, 2020 06:41
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
BNP Paribas Arbitrage sold Angel Broking's 5.25l qty @ 280 price = 1469L on opening.
311. Regulagedda Ambica Prasad |Oct 5, 2020 13:19
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Bought at 275
311.1. BatataVada |Oct 5, 2020 14:33
Is Angel Broking with holding? I got 1 lot alloted in IPO. Should I average or book loss?
310. GOVINDA SINGH |Oct 5, 2020 12:29
The amount still not realeased ....i have done from phonepe..
309. IPO Mitr |Oct 5, 2020 10:45
In my opinion listing of Angel Broking is decent. When there are so many good stocks available in the market, in my view people should exit Angel and utilize their money in other stocks to get better value out of their money.

Suno sabki par karo sirf apne man ki.
308. KING VINOD |Oct 5, 2020 09:46
IPO Guru IPO Guru (1400+ Posts, 3000+ Likes)
Angel Broking IPO
Listing at 275 down 31 points compared to issue price 306 (10% Discount Listing)
308.1. saurabh bhola |Oct 5, 2020 09:48
new customer should buy or sell
308.2. Srikanth C |Oct 5, 2020 10:42
Do not buy this if you are new customer. Plenty of stocks to buy. Leave this aside as Stock not having any great triggers. If you have got in IPO, time to exit as loss is not much. This is my personal view. Take your own decision.
307. MihirG |Oct 5, 2020 10:41
Hello Folks, Please assist. I have applied for Angel Broking and haven't got the allotment. However, My amt is still not unblocked. I had applied through Sharekhan online portal and my bank is ICICI. Please let me know whom should I contact or write email to get my amt unblock asap. Thank you
306. CanCob |Oct 5, 2020 10:37
operators bechare retail investors ka maal kha gaye , now 5 times more buyer to seller , get ready for upper circuit ie 330.
305. Quality Comment |Oct 5, 2020 10:02
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
@chemcho: Any suggestion for fresh entry? I haven't applied for an IPO.
305.1. Chem cho |Oct 5, 2020 10:20
IPO Guru IPO Guru (2100+ Posts, 2100+ Likes)
NO , Long term you may not money
buy CAMAS IF YOU GET ANY TIME AT 1365 -1375
I have brought on listing date at 1335 -1350
my stop loss is 1350
305.2. Quality Comment |Oct 5, 2020 10:35
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Thanks, Sir Ji. Planning to sell IPO 1 lot of cams out of 3 but now will hold all 3.
304. PearlRohit |Oct 5, 2020 10:11
Angel Broking = Seller 707195 Qty - Buyer Qty. 73025 at 10:09 am.
303. Mihir Choksi |Oct 5, 2020 09:50
275/-
302. VIJAY CHAWLA |Oct 5, 2020 09:48
Angel Broking , Showing at Rs.31 Discount to IPO Price at Rs.275







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