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 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)

Angel Broking IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

3,934,425

2,950,820

6,885,246

13,770,491

Sep 24, 2020 17:00

5.74x

0.69x

4.31x

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
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.

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