Angel Broking IPO Details
Angel Broking IPO description – Angel Broking is one of the largest independent full-service retail broking houses in India, in terms of active clients on NSE as of 30 June 2020. It is a technology led financial services company offering broking and advisory services, margin funding, loans against shares (through AFPL) and financial products distribution. Its broking services are offered through (i) online and digital platforms, and (ii) network of more than 11,000 Authorised Persons, as of 30 June 2020. The company has more than 4.39 million downloads of its Angel Broking mobile app and nearly 1 million downloads of Angel BEE app as of 30 June 2020. Through digital marketing, the comapny has been able to cover approximately 96.87% or 18,649 pin codes in India and manages INR132,540 million (INR13,254 crore) in client assets and over 2.15 million operational broking accounts as of 30 June 2020.
Promoters of Angel Broking – Dinesh D Thakkar, Ashok D Thakkar, Sunita A Magnani
| Angel Broking IPO details | |
| Subscription Dates | 22 – 24 September 2020 |
| Price Band | INR305 – 306 per share |
| Fresh issue | INR300 crore |
| Offer For Sale | INR300 crore |
| Total IPO size | INR600 crore |
| Minimum bid (lot size) | 49 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
|
Angel Broking’s financial performance (in INR crore) |
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| FY2018 | FY2019 | FY2020 | Q1 FY2021 | |
| Revenue | 780.0 | 784.1 | 754.7 | 246.6 |
| Expenses | 620.0 | 655.9 | 635.9 | 182.0 |
| Net income | 107.3 | 79.6 | 81.4 | 46.9 |
| Net margin (%) | 13.8 | 10.2 | 10.8 | 19.0 |
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: [email protected]
Website:Â http://www.linkintime.co.in
Angel Broking Contact Details
Angel Broking Limited
Unit 601, 6th Floor, Akruti Star,
Central Road, MIDC, Andheri (East), Mumbai 400 093
Phone: +91 22 3935 7600
Email: [email protected]
Website:Â www.angelbroking.com
Valuation of Angel Broking (as of FY2020)
Earnings Per Share (EPS): INR11.44
Price/Earnings (PE ratio): 26.66 – 26.75
Return on Net Worth (RONW): 13.92%
Net Asset Value (NAV): INR82.15 per share
Angel Broking IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 3,934,425 | 0.00 | 0.00 | 5.73 |
| NII | 2,950,820 | 0.16 | 0.31 | 0.69 |
| Retail | 6,885,246 | 1.46 | 2.79 | 4.30 |
| Total | 13,770,491 | 0.76 | 1.46 | 3.93 |
Angel Broking IPO Analyst Reviews
Anand Rathi – Subscribe
Motilal Oswal – Subscribe
Choice Broking – Subscribe
Antique Stock Broking – Avoid
Nirmal bang – Neutral
Angel Broking IPO Allotment Status
Angel Broking IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing Performance of Angel Broking
IPO Opening Date: 22 September 2020
IPO Closing Date: 24 September 2020
Finalisation of Basis of Allotment: 29 September 2020
Initiation of refunds: 30 September 2020
Transfer of shares to demat accounts: 1 October 2020
Listing Date: 5 October 2020
Opening Price on NSE: INR275 per share (down 10.13% from IPO price)
Closing Price on NSE: INR275.80 per share (down 9.87% from IPO price)
What is price band for this IPO? Someone please tell price and grey premium.
40 Rs GMP as of now
Angel Broking IPO – *GMP Estimated*
GMP 15 +/- 1
Kostak 150 +/- 25
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