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Angel Broking IPO Review

IPO Status: Closed [22nd Sep 2020 to 24th Sep 2020]

Rated 4 stars Rated 4/5 by Team TopShareBrokers
Angel Broking IPO Detail

Angel Broking IPO Details

IPO Issue Opening Date: 22nd Sep 2020
IPO Issue Closing Date: 24th Sep 2020
IPO Issue Price: ₹305-306
IPO Listing At: BSE, NSE
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹600 Cr
Offer for Sale: ₹300 Cr
Fresh Issue: ₹300 Cr
Face Value: ₹10 Per Equity Share
IPO Discount: NA
Market Lot: 49 Shares
Min Retail Qty: 49 shares(1 lot)
Max Retail Qty: 637 shares(13 lots)
Promoter Holding Pre IPO: 65.42%
Promoter Holding Post IPO:
Retail Quota: 50%
IPO Live GMP IPO Live GMP

Angel Broking IPO Important Dates

In this section we have covered all important dates related to Angel Broking IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Angel Broking IPO important dates
IPO Activity Date
IPO Issue Open 22nd Sep 2020
IPO Issue Close 24th Sep 2020
Basis of Allotment Finalisation Date* 29th Sep 2020
Refunds Initiation* 30th Sep 2020
Credit of Shares to Demat Account* 1st Oct 2020
IPO Listing Date* 5th Oct 2020

* - Tentative Dates

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About Company - Angel Broking

About Angel Broking IPO

Angel Broking IPO opens from 22nd to 24th Sep 2020. The price band for the ipo is ₹305 to 306 and lot size is 49 shares and multiple of it. Let’s get the complete review of Angel Broking IPO, business overview, IPO dates, Angel Broking IPO allotment, subscription, company financials, GMP and other information.

Angel Broking floor price is 30.5 times and cap price is 30.6 times of the face value.

Company Incorporated Year: 1996

Sector: Financial Service Industry

Issue Size: Rs. 600 Cr.

Website: https://www.angelbroking.com/

About Angel Broking

Angel Broking is India’s 4th largest full-service broker in terms of the number of active clients on NSE. With having over 2 decades of experience in the industry, the broker offers a number of financial services such as broking and advisory, investment advisory, loan against shares, margin trading facility, and distribution of third party financial products such as mutual funds, health, and life insurance, etc. As of Jan 2020, Angel Broking became the country’s fourth-largest retail stock broking house with a market share of around 6.3% and an active client base of around 2.15 million.

The broker offers services through both the online and offline route wherein online services are offered through its digital platforms like trade.angelbroking.com, Angel Broking mobile app, Angel Speed Pro, and Angel BEE app powered by ARQ whereas it serves clients offline through a team of 11,000+ sub-brokers, 110 branches, and PAN India presence across 1800 cities. The company acquires 85.21% of its clientele base through its various digital platforms.

In Q1 FY2021, its average daily turnover has been increased from Rs. 253,176 million to Rs. 618,945 million. For the best quality broking services offered to customers, Angel Broking won many accolades such as Best performing Retail Member, Market Achievers Award, Top Volume Performers in Equity Retail Segment, and Fulcrums of Commodity Derivatives Market.

Incorporation Sector IPO Issue Size Website
NULL NULL ₹600 Cr https://www.angelbroking.com/

Angel Broking IPO Objective

The net proceed from Angel Broking IPO will be used for the below purposes;

  • To meet general working capital requirements of the business.
  • To collect funds for general corporate purposes.

Angel Broking IPO Issue break-up

Issue break-up
Category # of Shares Upper end ₹ in Cr %
Anchor 58,82,353 180.00 Cr 30%
QIB 39,21,569 120.00 Cr 20%
NIB 29,41,176 90.00 Cr 15%
Retail 68,62,744 210 Cr 35%
Total 1,96,07,842 600.00 Cr 100%

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Angel Broking IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 3,934,425 Shares
  • Non-Institutional Investors: 2,950,820 Shares
  • Retail Individual Investor: 6,885,246 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered3,934,425 (28.57%)2,950,820 (21.43%)6,885,246 (50%)13,770,491
122nd Sep 2020 17:020.00x0.16x1.46x0.76x
223rd Sep 2020 21:020.00x0.30x2.79x1.46x
324th Sep 2020 17:025.74x0.69x4.31x3.94x

Angel Broking Financials for past 3 Years

Past performance and financial results of Angel Broking.

Angel Broking financial
Angel Broking IPO Financials 30-June-2020 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹2973.10 Cr ₹2159.20 Cr ₹2169.06 Cr ₹2282.87 Cr
Total Revenue ₹244.09 Cr ₹742.78 Cr ₹762.65 Cr ₹753.66 Cr
Net Profit/Loss ₹38.18 Cr ₹86.62 Cr ₹76.69 Cr ₹101.05 Cr

Angel Broking IPO Strengths

  • 4th largest broker in India with strong brand equity.
  • Large product portfolio and diversified client base.
  • Focus on highly advanced technologies such as Angel Broking App, Angel BEE app powered by ARQ, Angel Speed pro, etc.
  • Strong online and offline presence.
  • Large market share in the cash and commodity trading segment.
  • The experienced management team and long-term track record.

Angel Broking IPO Threats/Weaknesses

  • The economic environment may adversely affect business revenues and profitability.
  • Strict regulatory requirements and supervision.
  • As the business generates most of its revenues from the digital platforms, thus, any IT malfunction can negatively affect its operations.
  • Intense level of competition from top brokers such as Zerodha, Upstox, etc.

Angel Broking IPO DRHP >>Document

Angel Broking IPO RHP >>Document

Angel Broking IPO Allotment Status >>Link

Company Address

Angel Broking Limited
G-1, Ground Floor, Akruti Trade Centre, Road No. 7
MIDC, Andheri (East),Mumbai-400 093
India
Website: https://www.angelbroking.com/
Phone: +91 22 4000 3600
Email: [email protected]

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
Website: http://www.linkintime.co.in
Phone: +91-22-4918 6270
Email: [email protected]

Angel Broking IPO Lead Manager

  1. ICICI Securities Limited
  2. SBI Capital Markets Limited
  3. Edelweiss Financial Services Ltd
Angel Broking IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Angel Broking? Should I apply in Angel Broking IPO?

Last Updated on 2021-02-01T00:26:33+00:00


User Reviews

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12. Tushar Sep 22 2020 12:26:03 PM Reply
Very low expected listing gain on Angel Broking IPO
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11. Ankur jain Sep 22 2020 12:21:33 PM Reply
The market has been falling down, in that case, is there any possibility of poor listing gains
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10. Nagarjuna Sep 18 2020 06:12:18 PM Reply
I am a retail investor and can invest only in a one ipo among CAMS, chemcon, and Angel Broking. Which one is the best ipo for investment???????
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10.1. Verma Sep 18 2020 06:33:09 PM
Chemcon or CAMS IPO must be preferred over Angel Broking due to low grey market premium.
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10.2. Jagdish Sep 18 2020 06:34:57 PM
Agree, expecting listing of Angel Broking IPO 325 – 335
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10.3. Vinay Jain Sep 22 2020 12:01:12 AM
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9. Naydu P Sep 18 2020 05:51:22 PM Reply
Angel Broking GMP is very low.
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8. Ram Kumar Sep 17 2020 11:47:41 PM Reply
CAMS, CHEMCON & ANGEL BROKING
I need to apply in any of the 2 please suggest. As per GMP premium CAMS and CHEMCON are looking better.
Agel Broking GMP is very low. Please suggest.
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8.1. CA Sachin Jain Sep 18 2020 10:21:02 AM
Here is my priority-wise list of application in the forthcoming 3 IPOs(CAMS,Chemcon, and Angel Broking)

1st Choice
Chemcon Speciality Chemicals Limited IPO

2nd Choice
Computer Age Management Services Ltd IPO

3rd Choice
Angel Broking Ltd IPO

We have power-packed September month with 5 IPOs Angel, CAMS, chemcon, happiest minds, route mobile. All are excellent IPOs. But since many of them are smaller size, the allotment chance was less for retails. except for CAMs, which is somewhat bigger in size than others with rs 977 Cr quota for retails. You can apply a 1-1 lot in Chemcon and Angel Broking, CAMS can be applied with full force.
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8.2. Rajan Sep 18 2020 11:37:03 AM
Here is my view of 3 ipos opening in 4th week of Sep 2020
From Listing Gain Perspective, CHEMCON as GMP is 230 so u can get 44*230=10k
From the Allotment point of view, CAMS - GMP is 365, so u can get 12*365=4.5k per lot, and chances are you get more lots&
For Angel Broking Limited(ABL) - GMP Rs 50, so u can get 50*49=2.5k per lot.

So with the above calculation, I will apply in CHEMCON for sure with 1 lot and CAMs with minimum of 10 lots. I will ignore Angel at this moment. In case GMP improves for Angel, I will go for 1 or 2 lots depending on subscription data on the last day.
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7. CK Aug 28 2020 12:12:05 PM Reply
Expected opening date of Angel Broking IPO
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7.1. Kanhaiya saw Aug 28 2020 12:13:35 PM
Angel Broking IPO tentative opening date is 9th September.
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7.2. Rahul Aug 31 2020 08:06:10 PM
Looks like its postponed for one more week.
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6. Nitin Doshi Aug 27 2020 02:41:23 AM Reply
Angel Broking IPO whether to invest or not.
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6.1. Vikas Aug 28 2020 12:03:11 PM
The Angel Broking is one of the leading brokers in India in terms of active clients base on NSE and serving clients through various services such as brokerage, advisory, research, third-party products i.e mutual funds, insurance, etc. However, tough competition from Zerodha, Upstox, and others and strict regulatory compliance for the broker is the key points to consider before investing.
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5. CA Sachin Jain Aug 27 2020 08:39:10 PM Reply
Angel Broking IPO is expected to open on 9th Sep 2020. Size of IPO is Rs 600 Cr (Approx)
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4. Sumit kr suman Aug 27 2020 02:41:23 AM Reply
Please confirm Angel Broking IPO GMP (grey market premium) and kostak.
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3. Hitendrasinh Rathod Aug 27 2020 02:41:23 AM Reply
Angel Broking IPO good or bad.