Angel Broking IPO Review & Details

Angel Broking IPO

About Angel Broking Company (Angel Broking IPO)

Angel Broking Ltd incorporated in 1996 and 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”. 

Angel Broking IPO

They have a strong market presence with active client on the National Stock Exchange (NSE) with a market share of around 6.3%.

Its the 4th Largest company in terms of active NSE clients and 2nd largest in terms of incremental NSE clients in Q1 – FY21. Angel Broking is a pioneer in new client activation has access to approximately 79.55 million persons as of June 30, 2020. 

If You are new for IPO, You can click here to read more about What is IPO and Detailed guide on an IPO

Angel Broking Competitive strengths

  • Strong brand name and client base
  • Advanced technology and digitalization
  • Pan-India presence and Strong financial performance

Click here to know How to buy an IPO in Zerodha Console

Company Financial Details

ParticularsFor the year/period ended (Rs in Million)   
2020-06-30 00:00:002020-03-31 00:00:002019-03-31 00:00:002018-03-31 00:00:00
Total Assets29731.0221592.0521690.5622828.67
Total Revenue2440.867427.797626.477536.55
Profit After Tax381.83866.24766.941010.52

Purposes 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

You can also apply for an IPO using SBI Net banking, you can check the full procedure on How to Apply for IPO using SBI IPO feature of SBI Net Banking

Angel Broking IPO Details

IPO DateSep 22, 2020 - Sep 24, 2020
Issue TypeBook Built Issue IPO
Issue SizeEq Shares of Rs 10
(aggregating up to Rs 600.00 Cr)
Fresh IssueEq Shares of Rs 10
(aggregating up to Rs 300.00 Cr)
Offer for SaleEq Shares of Rs 10
(aggregating up to Rs 300.00 Cr)
Face ValueRs 10 per equity share
IPO PriceRs 305 to Rs 306 per equity share
Market Lot49 Shares
Min Order Quantity49 Shares
Listing AtBSE, NSE

Angel Broking IPO Tentative Date

Bid/Offer Opens On2020-09-22 00:00:00
Bid/Offer Closes On2020-09-24 00:00:00
Finalisation of Basis of Allotment2020-09-29 00:00:00
Initiation of Refunds2020-09-30 00:00:00
Credit of Shares to Demat Acct2020-10-01 00:00:00
IPO Shares Listing Date2020-10-05 00:00:00

Angel Broking IPO Lot Size and Price

ApplicationLotsSharesAmount (Cut-off)
Minimum149Rs 14,994
Maximum13637Rs 194,922

Registrar of Angel Broking IPO 

Link Intime India Private Limited

C-101, 1st Floor, 247 Park

Lal Bahadur Shastri Marg,

Vikhroli (West) Mumbai – 400 083 

Phone: +91 22 4918 6200

Fax: +91 22 4918 6195

Email: angel.ipo@linkintime.co.in

Website: http://www.linkintime.co.in

Angel Broking Contact Details

Angel Broking Ltd

G-1, Ground Floor, Akruti Trade Centre,

Road No. 7, MIDC,

Andheri (East), Mumbai 400 093

Phone: +91 22 4000 3600

Email: investors@angelbroking.com

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

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