With the massive response received by the recent IPOs of Route Mobile and Happiest Mind, the IPO market is looking all set for another long haul!
In this IPO bonanza season, another major IPO is getting geared up to open! Angel Broking Pvt Ltd. is coming up with its IPO on 22nd September 2020.
In this article, we will be sharing with you a detailed report on Angel Broking IPO and about the company that might help you make a decision whether to invest in it or not!
Let’s get going!
Angel Broking IPO Information
| Issue | Details |
|---|---|
| Name | Angel Broking |
| Issue Opens | 22-Sep-20 |
| Issue Closes | 24-Sep-20 |
| IPO Type | Book Built Issue IPO |
| Exchange | BSE, NSE |
| Face Value | ₹10 per equity shares |
| Issue Size (crore) | Total 1,96,07,842 Eq Shares (overall up to ₹ 600 crore) |
| Fresh Issue | ₹ 300.00 Cr |
| Offer for Sale | ₹ 300.00 Cr |
| Price Band | ₹ 305 to ₹ 306 per equity share |
| No. of shares on offer (crore) | 1,96,07,842 Equity Shares |
| QIB (%) | 50.00% |
| Non-Institutional | 35.00% |
| Retail (%) | 15.00% |
| Minimum Lot Size | 49 shares (1 Lots) ₹14,999 for 1 lot |
| Maximum Lot Size | 637 shares (13 Lots) ₹194,922 for 13 lots |
| Minimum Order Quantity | 49 shares |
| Employee Discount | Reservation of Up To [●] Equity Shares. ₹ [●] Per Equity Share |
About Angel Broking Pvt Ltd
Angel Broking was incorporated in the year 1996, and since then, it has become one of the largest Stock Broking firms in India. As of June 2020, the company stands fourth in the list of largest stockbroking firms in terms of active clients of NSE(National Stock Exchange).
With the market share of around 6.4% in the stockbroking and comprehensive experience of more than 20 years, Angel Broking has been able to garner more than 2 million broking account in the country.
With the introduction of Digital Technologies, Angel Broking launched a mobile app, introduced UPI and e-KYC services for its customers. This has helped the company to cement its position in the market as one of the most prominent stock broking firms in India.
With ARQ, a specially designed Hyper-intelligent investment engine, the company has acquired around 86% of its total clientele through the digital mode. The company also boasts of maximum Authorised Persons from NSE.
With the Digital Impressions of around 400 million as of June 2020, the company has improved reach through influencers, allowing it to reach a total of 78 million people. With such a massive Digital Presence and implementation of the latest techniques, the company has been able to boost it’s average daily turnover from INR 253,176 million in the First Quarter of Financial Year 2020 to INR 618,945 million in the first quarter of Financial Year 2021.
What services does Angle Broking Pvt ltd offer?
Angel Broking Pvt ltd offers a variety of services related to the stock market to its clients. Let’s take a look at these services
- Market Research and Analysis services
- Investor education programs
- Broking and Advisory services
- Margin Trading Services
- Loans services against shares
Details of Angel Broking IPO
The Initial Public Offering of Angel Broking Pvt Ltd.
The objective of the issue
The objective of the IPO of Angel Broking Pvt Ltd is to meet the following needs:
- To fulfill operational costs and working capital requirements
- To utilize the fund for other General Purpose
List of the Promoters of Angel Broking Pvt Ltd
- Dinesh D Thakkar
- Ashok D Thakkar
- Sunita A Magnani
The total IPO size of Angel Broking is INR 600 crore. Out of this, the Fresh Issue consists of INR 300 crore, and Offer For Sale consists of INR 300 crore.
Shareholders offering Shares
- Ashok D Thakkar- INR 18.33 crore
- Sunita A Magnani(promoter selling Shareholder)- INR 4.5 crore
- IFC (Investor Selling Shareholder)- INR 120 crore
- Individual Selling Shareholders- INR 157.1 crore
Category wise break-up of shares
- RII- INR 210 crores
- NII- INR 90 crores
- QIB- INR 120 crore
- Anchor- INR 180 crore
Angel Broking IPO Lead Managers
- ICICI Securities Limited
- Edelweiss Financial Services Limited
- SBI Capital Markets Limited
Important Details of Angel Broking IPO
| IPO type | Book Built type |
| Issue size | INR 600 crore |
| Offer for sale size | INR 300 crore |
| Fresh Issue | INR 300 crore |
| Face Value of Each share | INr 10 |
| Price Band | INR 305 to INR 306 per share |
| Min order Quantity | 49 shares |
Angel Broking IPO Important Dates
| Offer opens on | 22nd September 2020 |
| Offer closes on | 24th September 2020 |
| Finalisation of allotment basis | 29th September 2020 |
| Refund initiation on | 30th September 2020 |
| Shares to be credit in demat account on | 1st October 2020 |
| Listing of shares on the market | 5th October 2020 |
Angel Broking IPO Market Lot
| Minimum Lot Size | Minimum 49 Shares (1 lot) |
| Maximum Lot Size | Maximum 637 Shares (13 lot) |
| Minimum Amount | ₹14,994 (1 lot) |
| Maximum Amount | ₹194,922 (13 lot) |
Financial Performance of Angel Broking pvt ltd
| Financial Year (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 in percentage | 13.8 | 10.2 | 10.8 | 19.0 |
Angel Broking Listing Day Performance
| Details | NSE | BSE |
|---|---|---|
| Listing Date | 05-Oct-20 | 05-Oct-20 |
| IPO Price | ₹ 306.00 | ₹ 306.00 |
| Open | ₹ 275.00 | ₹ 275.00 |
| High | ₹ 296.70 | ₹ 296.45 |
| low | ₹ 257.00 | ₹ 256.60 |
| Close | ₹ 275.80 | ₹ 275.85 |
| Volume | 85,46,238 | 8,94,431 |
| Listing Day P/L | -9.87% | -9.85% |
Angel Broking Contact Information
| Contact Details | Registrar |
|---|---|
| Angel Broking Limited Unit 601, 6th Floor, Akruti Star, Central Road, MIDC, Andheri (East), Mumbai 400 093 | Link Intime India Private Limited C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg, Vikhroli (West) Mumbai – 400 083 |
| Phone: +91 22 39357600 | Phone: +91 22 49186200 |
| Email: [email protected] | Email: [email protected] Fax: +91 22 4918 6195 |
| Website: www.angelbroking.com | Website: www.linkintime.co.in |
Subscription Details
| Category | Offered Shares | DAY 1 22-sep-20 | DAY 2 23-sep | DAY 3 24-sep-20 |
|---|---|---|---|---|
| QIB | 3,934,425 | 0.00 | 0.00 | 5.74x |
| NII | 2,950,820 | 0.16x | 0.21x | 0.69x |
| Retail | 6,885,246 | 1.46x | 2.79x | 4.31x |
| Total | 13,770,491 | 0.76x | 1.46x | 3.94x |
Expert Analyst Review
| Expert Name | Suggestion |
|---|---|
| Angel Broking | Yes |
| Sharekhan | Yes |
| Kotak Securities | Yes |
| ICICI Direct | Yes |
| Edelweiss | Yes |
| 5Paisa | Yes |
| Motilal Oswal | Yes |
Angel Broking IPO Rating
| Benchmarks | Ratings |
|---|---|
| Business Model | 4.5/5 |
| Industry Analysis | 4.5/5 |
| Competitive Advantage | 4.5/5 |
| Management | 4.5/5 |
| Corporate Governance | 4.5/5 |
| Company Reports | 4.5/5 |
| Evaluate Balance Sheets | 4.5/5 |
| Financial Performance | 4.5/5 |
| Quality Of Earnings | 4.8/5 |
| Top Broker Reviews | 4.5/5 |
| Overall Rating | 4.5/5 |
Angel Broking Competitive Peers
| Broker Name | Founded Year | Employees | Presence | Client Base |
|---|---|---|---|---|
| Sharekhan | 2000 | 4800+ | 153 branches, 2500 business partners, 575 cities | 1.4 million |
| Zerodha | 2010 | 1100+ | 120+ branches and partner offices, 1000+ authorized person | 1.5 million |
| Motilal Oswal | 1987 | 1500+ | 570 Cities, 2200 Location, 2300 Business Partners | 1 million |
| Karvy Online | 1983 | 1000+ | 400 cities and towns | 174,245 Clients |
| Edelweiss Broking | 2008 | 500+ | 90 locations | 138,829 Clients |
Strengths of Angel Broking Pvt ltd
- Powerful Brand Value
The company is in the business from 1996, and in the meantime, it has created a formidable position for itself.
As mentioned above, it is the 4th largest broking firm in India in terms of active users. This compelling brand value and presence across India makes it an attractive choice for those who are planning to invest in it through IPO.
- A vast client base
With more than 2 million active customers, it has a vast customer base, and these numbers are continuously rising. With the help of influencers and a strong digital presence, the company is adding more number of customers to its base.
- Cutting-edge technology
With the changing times and business models, the company has scaled-up its operations.
By adopting cutting-edge technology like ARQ investment engines and other similar features, the company is adopting and growing well in the digital environment.
The company has witnessed download of more than 4.39 million downloads of its mobile app ass of June 2020. It seems such growth will continue in the near future.
- National Presence
The company has a presence in almost all the tier-1 and tier-2 cities in India. Moreover, the number of branches are opening in the many big towns.
This will help the company in acquiring more customers from across the nation.
- Robust balance sheet
As you can see from the above table, the balance sheet of the company is very strong. The performances are improving every quarter, barring a few.
These data suggest that the company is all set to perform financially better even after the public issues.
Grey Market Updates
- Grey Market Premium price: ₹100 – ₹120
- Kostak rate: ₹300
- Sauda: No Info
FAQ
What is Angel Broking IPO?
This IPO offer by Angel Broking Private Limited . company planning to expand capital by listing on BSE.
How do I apply for the Angel Broking IPO?
Anyone having demat account are eligible for application. There are two method available for application.
ASBA Payment Method: The net-banking facility available for online IPO application.
UPI Payment Method: By using UPI payment method for application process.
What is the Angel Broking IPO issue date?
ANGEL BROKING IPO issue period is from 22-sep-2020 to 24-sep-2020.
What is the Angel Broking IPO allotment date?
Allotment date is 29 September 2020 and share will transfer to your demat account on 01 oct 2020.
What if Angel Broking IPO Shares not allotted to me?
Suppose shares not allotted to you than refund will be credited to your linked bank account.
How to Apply Angel Broking IPO through Zerodha?
Zerodha customers can apply for CAMS through UPI’s payment gateway by Zerodha Console. Pls follow Below steps
login to console.zerodha.com
Portfolio<<IPOs
Get the list of current listed IPOs.
You can apply for an IPO online.
What is the Angel Broking IPO Listing date?
Listing date for this IPO is 05 October 2020.
Is there any other Angel Broking IPO Listing later this year?
There is no such information available regarding the further listing of Angel Broking IPO.
Will I get a discount if I am Angel Broking Employee?
[●] Equity Shares are reserved for employees & employee will get discount of Rs.[●] per equity shares.
What is the Lot Size of Angel Broking IPO?
Minimum 49 shares (1 lot) and maximum 637 shares of lot size is available. One share price is ₹306 so 1 lot of will be ₹14,999.
What is the face value of Angel Broking IPO?
Face value is ₹10 Per Equity Share.
What Angel Broking IPO symbols in NSE & BSE?
BSE: 543235, NSE: ANGELBRKG
What are Benefit for Angel Broking Employees?
Up to [●] Equity Shares are reserved for cams employees.
Conclusion
Angel Broking is a strong company with a wide market presence and good potential for growth in the near future. As the company has adopted the changing Digital technologies efficiently, it surely looks a promising pick for investment.
It has a wide client base, powerful and modern tools, a wide variety of services, and a strong balance sheet.
Still, we would like to advise readers to perform their own research and analysis before making any decision regarding the investment in this IPO.
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