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IPO Status: Listed [22nd Sep 2020 to 24th Sep 2020]
| IPO Issue Opening Date: | 22nd Sep 2020 |
| IPO Issue Closing Date: | 24th Sep 2020 |
| IPO Issue Price: | ₹305-306 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 50 |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹600 Cr |
| Offer for Sale: | ₹300 Cr |
| Fresh Issue: | ₹300 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | NA |
| Promoter Holding Pre IPO: | 65.42% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
Get important updates regarding Angel Broking IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 29th Sep 2020 |
| Refunds Initiation* | 30th Sep 2020 |
| Credit of Shares to Demat* | 1st Oct 2020 |
| IPO Listing Date* | 5th Oct 2020 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹305-306 |
| Market Lot: | 49 Shares |
| 1 Lot Amount: | ₹14994 |
| Min Small HNI Lots(2-10 Lakh): | 686 shares(14 lots) |
| Min Big HNI Lots(10+ Lakh): |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 30-09-2020 | 306 | -5 | -- | ₹301 (-1.63%) | 30-Sep-2020 23:56 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
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/
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/ |
The net proceed from Angel Broking IPO will be used for the below purposes;
| 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% |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 3,934,425 (28.57%) | 2,950,820 (21.43%) | 6,885,246 (50%) | 13,770,491 | |
| 1 | 22nd Sep 2020 17:02 | 0.00x | 0.16x | 1.46x | 0.76x |
| 2 | 23rd Sep 2020 21:02 | 0.00x | 0.30x | 2.79x | 1.46x |
| 3 | 24th Sep 2020 17:02 | 5.74x | 0.69x | 4.31x | 3.94x |
| 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 |
Last Updated on 01-Feb-2021 00:26:33
