Friday, August 02, 2019

Angel Broking IPO Dates, Review, Price Band, Form & Market Lot Details

Angel Broking IPO to hit the market on 22 September 2020 and closes on 24 September 2020. Angel Broking, incorporated in the year 1996, is one of India’s oldest stockbroking houses. In terms of the number of active clients on the National Stock Exchange (NSE), the company is the country’s fourth largest retail stockbroking house, with a market share of around 6.3% as of June 2020. With over 22 years of experience in the stock market industry, Angel Broking has succeeded in catering to a loyal client base comprising around 2.15 million operational broking accounts (as of June 2020). The Angel Broking ipo size is not announced yet. Stay tuned for Angel Broking ipo dates, price band, form and market lot details. 
 
Equity Shares outstanding prior to the Issue = 7,19,95,003 Shares
Fresh Issue of 98,03,921 Shares @275/- = Rs.300.00 Crores
Offer for Sale of 98,03,921 Shares @275/- = Rs.300.00 Crores
Equity Shares outstanding after the Issue = 8,17,98,924 Shares

Category-wise Break up:

Anchor: 58,82,353 Shares = 180.00 Crores
QIB: 39,21,569 Shares = 120.00 Crores
NII: 29,41,176 Shares = 90.00 Crores
RII: 68,62,744 Shares = 210.00 Crores (Lot size: 49 = 1,40,056 Forms)
Total Issue: 1,96,07,842 Shares = 600.00 Crores.

Subscription required for 1X
RII: 1,40,056 Forms
NII: 90.00  Crores
 
Important Milestones by Angel Broking over the years:
  • Angel Broking is the 4th Largest in terms of NSE Active Clients, 2nd largest in terms of incremental NSE Active Clients in Q1 - FY21
  • Angel Broking is No.1 in terms of Authorised Persons with NSE
  • Undertook Digital Transformation, launched a mobile application, introduced  e-KYC Services  and UPI in investing
  • Launched a hyper-intelligent investment engine, ARQ
  • Client acquisition through diversified digital platforms, with 85.21% the company’s clients having been acquired digitally
  • 398 million digital impressions in June 2020
  • Growth in average daily turnover from Rs. 253,176 million in Q1 FY20 to Rs. 618,945 million in Q1 FY21
  • Access to approximately 79.55 million persons as of June 30, 2020 through digital influencers
  • Pioneer in new client activation, with the ‘Trade in One Hour’ service facilitating client activation in record time

Angel Broking Logo

Angel Broking IPO Review:

  • Apply for Short Term and Long Term Gain

Brokerage Firm IPO Review:

  • Capital Market: Neutral

Angel Broking IPO Dates & Price Band:

 IPO Open: 22 September 2020
 IPO Close: 24 September 2020
 IPO Size:  Approx ₹600 Crores (Approx)
 Face Value:  ₹10 Per Equity Share
 Price Band:  ₹305 - ₹306  Per Share
 Listing on:  BSE  and NSE
 Retail Portion:  35%
 Equity:  1,96,07,842 Shares
 Discount:  -

Angel Broking IPO Market Lot:

 Lot Size:  Minimum 49 Shares & Maximum 637 Shares
 Minimum Amount:  ₹14,994
 Maximum Amount:  ₹194,922

Angel Broking IPO Allotment & Listing:

 Basis of Allotment:  29 September 2020
 Refunds:  30 September 2020
 Credit to Demat Account:  1 October 2020
 Listing Date:  5 October 2020

Angel Broking IPO Form:

How to apply the Angel Broking IPO? You can apply Angel Broking IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Angel Broking IPO in the Invest section. The other option you can apply Angel Broking  IPO via IPO forms download via NSE and BSE. Check out the Angel Broking IPO forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

Angel Broking Financial:

  ₹ in Crore

Revenue Expense PAT
2017 - - -
2018 780 620 107.3
2019 784 656 79.6
2020 755 636 81.4
2021 Q1 247 182 46.9

Company Promoters:

  • Dinesh D. Thakkar
  • Ashok D. Thakkar
  • Sunita A. Magnani

Quick Links:

DRHP Draft Prospectus
RHP Draft Prospectus

The initial public offering consists of the Equity Shares of the Company aggregating up to Rs.6,000.00 Million comprises of a Fresh Issue Company aggregating up to Rs. 3,000.00 Million (“Fresh Issue”) and an Offer for Sale aggregating up to Rs. 3,000.00 Million (the “Offer for Sale”), consisting of an offer for sale aggregating up to Rs. 183.35 Million by Ashok D. Thakkar and up to Rs. 45.00 Million by Sunita A. Magnani (together, the “Promoter Selling Shareholder”), and up to Rs. 1,200.02 Million by IFC (the “Investor Selling Shareholder”) and up to Rs. 1,571.63 Million by the Individual Selling Shareholder (together with the Promoter Selling Shareholder and the Investor Selling Shareholder, the “Selling Shareholders”) (the Offer for Sale together with the Fresh issue, the “Offer”).

Angel Broking IPO Registrar:

Link Intime India Private Limited
C-101, 1st floor, 247 Park
Lal Bahadur Shastri Maarg
Vikhroli (West)
Mumbai 400 083
Tel: +91 22 4918 6200
Fax: +91 22 4918 6195
E-mail: angel.ipo@linkintime.co.in
Investor Grievance E-mail: angel.ipo@linkintime.co.in
Website: www.linkintime.co.in

Note: Check Angel Broking IPO allotment status on Link Intime website allotment URL. Click Here

Angel Broking IPO Lead Managers:

  • ICICI Securities Limited
  • Edelweiss Financial Services Limited
  • SBI Capital Markets Limited

Company Address:

Angel Broking Limited
G-1, Ground Floor, Akruti Trade Centre,
Road No. 7, MIDC, Andheri (East),
Mumbai 400 093
Tel: +91 22 4000 3600
Fax: +91 22 2835 8811
Contact Person: Naheed Patel
Company Secretary and Compliance Officer
E-mail: investors@angelbroking.com
Website: www.angelbroking.com


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IPO Grey Market Premium

Angel Broking IPO FAQs:


When Angel Broking IPO will open for Anchor Investors?
The Anchor Investors bidding is on 21 September 2020.

When Angel Broking IPO will open for QIB, NII, and Retail?
The IPO to open on 22 September 2020 for QIB, NII, and Retail Investors.

What is Angel Broking IPO Investors Portion?
The investors' portion for QIB-50%, NII-15%, and Retail 35%.

How to Apply the Angel Broking IPO?
You can apply Angel Broking IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Angel Broking IPO Allotment Date?
Angel Broking IPO allotment date is on 29 September 2020. You can check IPO allotment here.

What is Angel Broking IPO Size?
Angel Broking IPO size is Rs 600 crore.

What is Angel Broking IPO Listing Date?
Angel Broking IPO listing date is 5 October 2020. The IPO to list on NSE and BSE.

Note: The IPO price band and dates will be added as it will be officially announced. The IPO grey market premium (IPO GMP) will be added on the grey market page as it will start)