Incorporated in 1996, Angel Broking Ltd is one of India’s oldest stockbroking houses providing broking, margin 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
Summary of financial Information
| 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 Date | Sep 22, 2020 – Sep 24, 2020 |
| Issue Type | Book 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 Lot | 49 Shares |
| Min Order Quantity | 49 Shares |
| Listing At | BSE, NSE |
Angel Broking IPO Tentative Date
| Bid/Offer Opens On | Sep 22, 2020 |
| Bid/Offer Closes On | Sep 24, 2020 |
| Finalisation of Basis of Allotment | Sep 29, 2020 |
| Initiation of Refunds | Sep 30, 2020 |
| Credit of Shares to Demat Acct | Oct 1, 2020 |
| IPO Shares Listing Date | Oct 5, 2020 |
Angel Broking IPO Lot Size and Price (Retail)
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 49 | ₹14,994 |
| Maximum | 13 | 637 | ₹194,922 |