Angel Broking IPO Details

Angel Broking IPOAngel 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)

  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: 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: 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: INR274.25 per share (down 10.38% from IPO price)

3 COMMENTS

  1. Angel Broking IPO – *GMP Estimated*
    GMP 15 +/- 1
    Kostak 150 +/- 25

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