angel_broking

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

ParticularsFor the year/period ended (₹ in Million)
30 June 202031 March 202031 March 201931 March 2018
Total Assets29,731.0221,592.0521,690.5622,828.67
Total Revenue2,440.867,427.797,626.477,536.55
Profit After Tax381.83866.24766.941,010.52

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

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

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