IPO Status: Closed [22nd Sep 2020 to 24th Sep 2020]
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. Letís 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.
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.
The net proceed from Angel Broking IPO will be used for the below purposes;
|Category||# of Shares||Upper end ₹ in Cr||%|
Angel Broking IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|Angel Broking Issue Details||Values|
|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 Issue Price||₹305-306|
|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|
|IPO Listing At||BSE, NSE|
The table below is live update of IPO bidding details from NSE and BSE.
|# of Shares Offered||3,934,425||2,950,820||6,885,246||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|
Past performance and financial results of Angel Broking.
|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|
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.
|IPO Issue Open Date||22nd Sep 2020|
|IPO Issue Close Date||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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Angel Broking IPO Draft Prospectus >>Document
Angel Broking IPO Red Herring Prospectus >>Document
Angel Broking IPO Allotment Status >>Link
Last Updated on 2020-10-02T00:54:58+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Angel Broking IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Angel Broking IPO with Zerodha.
Alternate approch to apply in Angel Broking IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
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To subscribe or apply in Angel Broking IPO, you can use the following methods:
|Angel Broking IPO Applying Mode||Method||Details|
|Online Application||3-in-1 Trading Account|
If your broker is 3-in-1 service provider, you can apply in Angel Broking IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.
|Online Application||2-in-1 Trading Account|
Brokers like Zerodha, TradeSmart Online provides access to applying in Angel Broking IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.
This is one of the most popular mode of applying in Angel Broking IPO. Most of the Syndicate Banks provide access to apply in Angel Broking IPO via ASBA process. You must have your net banking access, DP ID information to apply in Angel Broking IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.
|Offline Application||Physical Form|
You can apply in Angel Broking IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.
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Applying in Angel Broking IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Angel Broking IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Angel Broking IPO, please refer article >> Link
Steps to download the online application form for Angel Broking IPO
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Angel Broking IPO is going to be list on 05-10-2020.
Other relevant questions:When Angel Broking IPO will be listing? Angel Broking IPO listing date?Angel Broking IPO date of listing
Angel Broking IPO Allotment Date is 29-09-2020.
Other relevant questions:Angel Broking IPO share allotment date?Angel Broking IPO allotment date?
Angel Broking has been on the broking and stock market scene for over 2 decades now and enjoys a strong brand value. That’s not all; here are some more compelling reasons why you should consider subscribing to the Angel Broking IPO. Here are the reasons to subscribe to Angel Broking IPO;