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 (₹ 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 DateSep 22, 2020 - Sep 24, 2020
Issue TypeBook Built Issue IPO
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)
Face Value₹10 per equity share
IPO Price₹305 to ₹306 per equity share
Market Lot49 Shares
Min Order Quantity49 Shares
Listing AtBSE, NSE

Angel Broking IPO Tentative Date / Timetable

Bid/Offer Opens OnSep 22, 2020
Bid/Offer Closes OnSep 24, 2020
Finalisation of Basis of AllotmentSep 29, 2020
Initiation of RefundsSep 30, 2020
Credit of Shares to Demat AcctOct 1, 2020
IPO Shares Listing DateOct 5, 2020

Angel Broking IPO Lot Size and Price (Retail)

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 Prospectus

Angel Broking IPO Rating

663
3.9
Rating:Rated 3.9 stars

Vote Here ...

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 not yet announced. The tentative date of Angel Broking IPO listing is Oct 5, 2020.

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Angel Broking IPO Review / Comments

Gnanesh
84. Gnanesh  Sep 20, 2020 10:22 I Like It. | I Don't Like It. | Report Abuse Reply
Last day SBI Asba closing time please.
Ganesh Prajapati
84.1. Ganesh Prajapati  Sep 20, 2020 15:41 I Like It. 1 | I Don't Like It. 1 | Report Abuse
1 pm
techuser
84.2. techuser  Sep 21, 2020 15:04 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
2 PM.
techuser
83. techuser  Sep 21, 2020 15:03 I Like It. | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Third party ASBA is valid. Only third party UPI is not valid.
G.kumar
82. G.kumar  Sep 21, 2020 00:44 I Like It. | I Don't Like It. 1 | Report Abuse Reply
⚠️⚠️
Chittorgarh Team plz confirm that can we aplly
third party ASBA upto 5 in AXIS nd SBI without rejection of an application...

thank u :)
Ankur Goel
82.1. Ankur Goel  Sep 21, 2020 14:58 I Like It. | I Don't Like It. | Report Abuse
confirmed in SBI not sure about Axis.
NforNandkishor
81. NforNandkishor  Sep 21, 2020 13:06 I Like It. | I Don't Like It. | Report Abuse Reply
Comparison between recent IPOs based on issue size and subscription figure. (Revised)

HMT Issue size -------------> 600 Cr
ROUTE Issue size -----------> 600 Cr
CAMS Issue size ------------> 2244 Cr
CHEMCON Issue ize ---------> 318 Cr
ANGEL Issue ize ----------> 600 Cr

HMT Retail portion size -------------> 70 Cr
ROUTE Retail portion size ---------> 210 Cr
CAMS Retail portion size -----------> 777 Cr
CHEMCON Retail portion size ----> 111 Cr
ANGEL Retail portion size ----> 210 Cr

HMT Reserved Applications for Retail Quota -------------> 46,958 Forms
ROUTE Reserved Applications for Retail Quota --------> 1,48,368 Forms
CAMS Reserved Applications for Retail Quota -----------> 5,26,870 Forms
CHEMCON Reserved Applications for Retail Quota -----> 74,398 Forms
ANGEL Reserved Applications for Retail Quota -----> 1,40,056 Forms

HMT Retail Applications Count -------------> 22 Lakhs Forms
ROUTE Retail Applications Count --------> 15.2 Lakhs Forms
CAMS Retail Applications Count -----------> 24 Lakhs Forms (Tentative)
CHEMCON Retail Applications Count -----> 25 Lakhs Forms (Tentative)
ANGEL Retail Applications Count -----> 9 Lakhs Forms (Tentative)

HMT Times(X) Retail Applications ---------> 46.85 X
ROUTE Times(X) Retail Applications -----> 10.11 X
CAMS Times(X) Retail Applications --------> 4.56 X (Tentative)
CHEMCON Times(X) Retail Applications --> 33.60 X (Tentative)
ANGEL Times(X) Retail Applications --> 6.43 X (Tentative)
G.kumar
80. G.kumar  Sep 18, 2020 17:23 I Like It. 3 | I Don't Like It. 2 | Report Abuse Reply
🤞🤞🤞
am gona aplly with full force like applied in YES Bank OFS for 2 lac..

Risk takers only makes profit ...


...
.
.
nd loss too..
😜
God is Great
80.4. God is Great  Sep 20, 2020 22:08 I Like It. | I Don't Like It. | Report Abuse
Mr.G.kumar ji!!Are you gamble sir ??
G.kumar
80.5. G.kumar  Sep 20, 2020 23:07 I Like It. | I Don't Like It. | Report Abuse
Nope... @God is great
RAJAKUMAR
79. RAJAKUMAR  Sep 18, 2020 23:49 I Like It. 5 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
GMP will vanish if QIB is less than 10 to 15 times
high priced so QIB may be on sideways.
Greedy promoters.
Rossari, Happiest and Route all priced well and something left on table. Whereas Angel is not like that.
Apply on last day after seeing response from QIB and HNI.
If both subscribed above 25 to 30 times means it will list on premium.
RAJA HINDUSTANI
79.2. RAJA HINDUSTANI  Sep 19, 2020 13:14 I Like It. | I Don't Like It. | Report Abuse
THANK YOU AND APPRECIATE MORE SUCH ANALYSIS FROM OTHER MEMBERS AS WELL. SOMEONE SHOULD COME FORWARD AND PREDICT THE LISTING PRICE FOR ALL THE THREE IPO TO MAKE RIGHT DECISION.
VIJAY GALANI
79.3. VIJAY GALANI  Sep 20, 2020 20:00 I Like It. | I Don't Like It. | Report Abuse
Dear Raja sir,
Can u pls throw some light on shareholder category in upcoming ipos and also if any then pls advise to what can be done to get the maximum chances of alottment for upcoming ipos.



THANKS & REGARDS,
VIJAY
R R Patel
78. R R Patel  Sep 19, 2020 22:04 I Like It. 2 | I Don't Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 3200+ Likes)
ICICI Securities last 7 years Revenue, PAT, Net profit margins & EPS are as below (in crores):-
FY....--rev//pat//npm//eps
FY14--812//73//9%//2.4
FY15--1209//244//20%//7.6
FY16--1144//236//21%//7.3
FY17--1404//338//24%//10.5
FY18--1861//553//29%//17
FY19--1727//490//28%//15
FY20--1722//542//31%//17
M.Cap at the time of IPO-Rs.16.75K crores.
PE during IPO on the basis of last 3FYs avg. EPS was 61 and currently trading at PE 28 on the basis of FY20

and for Angel Broking
FY.....--rev//pat//npm//eps
FY18--754//101//14%//14.9
FY19--763//77//10%//11.1
FY20--743//87//11%//11.4
M.Cap during IPO-Rs.2.5K crores (including fresh issue)
PE on the basis of last 3FYs avg. EPS is 25 and currently industry PE 29.

Conclusion:
#fully priced issue....
#timing..... coming with 2 good issues (CAMS & Chemcon) so even fund issue....
#and after 2 blockbuster (Happiest & Route) so expectations are high.... so who interested in 10% grey premium...or may be discount listing....
#Tough competition in broking business....
#Response from QIB & HNI will be interesting.... on which side....🤔🤔
#low grey market activity....
#many discount brokers and more coming.... like Paytm....

So i am not applying....... risk takers may apply but for them i think more chances in secondary market.... so simply avoid....
So apply and try your luck in Chemcon as allotment chances are less but decent listing gain expected and also apply in CAMS as good allotment chances and 30-40 grey premium👍👍
i am eagerly waiting for both as not alloted in Happiest but luckily got 1 lot of Route Mobile😊
Quality Comment
78.1. Quality Comment  Sep 19, 2020 22:54 I Like It. | I Don't Like It. | Report Abuse
Thanks for your feedback. Should we keep Route Mobile for long term view? I have also got 1 lot in Route and None in Happiest Mind.
Amit Pathak
78.2. Amit Pathak  Sep 20, 2020 11:59 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Sir; What about likhita IPO ?
Common man view
77. Common man view  Sep 20, 2020 10:35 I Like It. | I Don't Like It. | Report Abuse Reply
@R R PATEL SAHEB,
I also got just one lot of route ...what should be listing day stretagy tomorrow....

Awaiting your reply eagerly...
sonal patel
76. sonal patel  Sep 19, 2020 19:30 I Like It. 3 | I Don't Like It. 3 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 2900+ Likes)
Gmp angel broking is
48 - 52 rs
MITTAL
76.1. MITTAL  Sep 20, 2020 10:05 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 800+ Likes)
Is buyer available in this rate?
NforNandkishor
75. NforNandkishor  Sep 20, 2020 08:29 I Like It. 1 | I Don't Like It. 3 | Report Abuse Reply
Strategy for upcoming 3 ipos should be (FOR RETAILERS)

CHEMCON - > Apply in full force from all your demat accounts. Don't wait for subscription figure.

CAMS - > Apply in full force from all your demat accounts. Don't wait for subscription figure.

ANGEL - > Apply on last day (24 September ) through first party upi. Don't accept upi mandate immediately. Wait for QIB /NII subscription figure till issue gets close. If you find subscription figure good and you are convinced, accept upi mandate by 12 noon of next day (25 September.)

Best of luck for your luck in all upcoming ipos
Micky Kumar
74. Micky Kumar  Sep 20, 2020 08:18 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Is angel broking is good ipo or not?

Because i here's that 30% of employees has been removed by company due to COVID issue.

And this is 600 cr ipo issue which is lower than the happie8and route, we will get something if going to apply.

KMC SECURITIES RAJKOT
73. KMC SECURITIES RAJKOT  Sep 19, 2020 23:32 I Like It. 2 | I Don't Like It. 1 | Report Abuse Reply
*GMP Updates :*

*Route Mobile IPO*
GMP 303 +/- 1

*CAMS IPO*
GMP 340 +/- 2
Kostak 825 +/- 25

*Chemcon Chemicals IPO*
GMP 240 +/- 1
Kostak 500 +/- 25

*Angel Broking IPO*
No buyer.
KMC SECURITIES RAJKOT
72. KMC SECURITIES RAJKOT  Sep 19, 2020 20:51 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Look like premium will not give any big jump as revenue is decreasing in last 3 years

Cams and chemcon are best cpmpare to angel
Eagleye
71. Eagleye  Sep 19, 2020 11:48 I Like It. 2 | I Don't Like It. 2 | Report Abuse Reply
IPO Guru IPO Guru (5200+ Posts, 18100+ Likes)
Angel Broking IPO
GMP 45 +/- 5
Kostak 300 +/- 50
CSK
70. CSK  Sep 19, 2020 14:12 I Like It. 2 | I Don't Like It. 9 | Report Abuse Reply
Angel broking will give big surprise on listing day. QIB and FIl always like these kind of share. Expectg big subcription except retail. I m subcribing the issue
jstm
69. jstm  Sep 19, 2020 14:04 I Like It. 5 | I Don't Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
GMP
RML : 300
CAMS : 350
Chem. : 250
ABL : 50
Kislaya
68. Kislaya  Sep 19, 2020 12:40 I Like It. | I Don't Like It. 1 | Report Abuse Reply
New Member New Member
Where should I invest more CAMS or Angle Broking ? and views on CHAMCON
AhireR
68.1. AhireR  Sep 19, 2020 13:46 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 600+ Likes)
If you want to select one from CAMS and Angel..Blindly go with CAMS..Chemcon looks good for listing gains only..Lot of issues to be addressed..
jstm
67. jstm  Sep 19, 2020 10:07 I Like It. 7 | I Don't Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
Many board members are discussing about icici securities 17% discount listing 2 years ago.I think icici securities is one of the lead manager of this IPO who want to take revenge of their discount listing , so they have suddenly raised issue price by 50 rs. along with other lead managers.In the market there are rumours that unlisted price was around 250.
MOHIT JAIN
66. MOHIT JAIN  Sep 18, 2020 19:14 I Like It. 5 | I Don't Like It. | Report Abuse Reply
same kahani hai icici securities type list in discount then to recover its ipo price it take yrs. better not to apply. jab big brand icici sec negative list huaa thaa toh ye angel kyaa chiz hai uske samne. price is also too high. chemco and cams kaai beech ye bhi paise uthaane aa gayaaa . rest 2 ipos are faar better then angel based on my research and long 15 yr experience. avoid angel.
Abhishek Taparia
66.1. Abhishek Taparia  Sep 18, 2020 22:00 I Like It. | I Don't Like It. | Report Abuse
New Member New Member
ICICI Sec got negative listing because of the scam that was going on at that time
Kursha
66.2. Kursha  Sep 19, 2020 09:14 I Like It. | I Don't Like It. | Report Abuse
Hi..
Price point of view you are right, it's price is high,..
However Compare to ICICI securities(1st rank), Angel broking(2nd rank) is not smaller in Full-service broker. Angel broking is even bigger than HDFC securities, Motilal Oswal, Sharekhan etc.

harit
65. harit  Sep 18, 2020 18:49 I Like It. 3 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 2500+ Likes)
I will apply but limited accounts only
We have 8 accounts in ANGEL and their services best
But discount broking companies giving tough competition so limited growth also new sebi guidance effects on retail volume and margin trading facility.
Also GMP may not sustained
At the time of listing

So after 2 other IPOs , if you have extra fund and if you are risk takers then apply only last day after seeing healthy HNI and QIB subscriptions (atleast 75-80 ×)







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