Share broking firm is 4th largest in terms of active clients on NSE with strong presence through 1,800 branches and over 18,000 sub-brokers. As on Jun'20 it has 22 lakh active customer base and managing over Rs 13,200 crores of clients assets.
Angel Broking Ltd, Mumbai based share broking firm established in 1996 is independent full-service retail broking houses. Products and services includes share broking and advisory services across equity, commodity and currency segments. It has a strong research team support of 54 members assisting Institutional and retail clients.
Angel Broking Limited (formerly known as Angel Broking Private Limited) is a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Metropolitan Stock Exchange of India (MSEI), NCDEX & MCX. Angel Broking Limited (formerly known as Angel Broking Private Limited) is also registered as a Depository Participant with CDSL.
Through this IPO, Angel broking is looking to raise Rs 600 Crores including fresh issue of Rs 300 crores and Offer for sale of Rs 300 crores to meet working capital requirement and general corporate purpose.
Promoters of Angel broking are Dinesh D. Thakkar, Ashok D. Thakkar and others
Angel Broking IPO issue would start for subscription on 22-Sep-20 till 24-Sep-20 with price band of Rs 305 to Rs 306 per share.
Angel Broking is providing following services:
- Share broking and advisory across Equity, Commodity and Currency segments
- Institutional and Retail Research
- Margin Trading facility
- Loan against shares
Key Numbers (as on June 30, 2020):
- Network of 11,000 authorised persons
- 4.39 million downloads of broking mobile app
- 1 million downloads of BEE app
- Serving 18,649 pincodes
- Managed Rs.13,254 crores in client assets
- 21.5 Lakh active broking customers
Key Management
| Dinesh D. Thakkar | Chairman & Managing Director |
| Vinay Agrawal | Director & CEO |
| Vineet Agrawal | CFO |
| Nilesh Gokral | COO |
| Naheed Pate | CS & Compliance Officer |
Angel Broking IPO Snapshot
| Issue Open | 22-Sep-2020 |
| Issue Close | 24-Sep-2020 |
| Face Value | Rs 10/- |
| Price Band | Rs 305 to Rs 306 (Including premium of Rs 295 to Rs 296 per share) |
| Discount | Nil |
| Bid Lot | 49 shares and in mutiples |
| Listing on | BSE and NSE |
| Mode of Payment | UPI / ASBA (Mandatory); Applications using third party UPI/ASBA Bank accounts are liable to rejected |
Issue & Subscribed Details
| Particulars | Issued | Subscribed |
|---|---|---|
| Issue Size | Rs. 600 Crores | Rs. - Crores |
| QIB Portion | 50% | 5.76 times |
| NII Portion (Application for lot size of 15 & above) | 15% | 0.69 times |
| Retail Portion (Applications for lot size between 1 & upto 15) | 35% | 4.28 times |
| Employees Portion | N/A | N/A |
| Existing Shareholders Portion | N/A | N/A |
| Total | 100% | 3.93 times |
Indivative Dates
| Issue Open | 22-Sep-2020 |
| Issue Close | 24-Sep-2020 |
| Anchor Investor Bidding | One working day prior to Issue opening date 21-Sep-2020 |
| Announcement of Allotment | 29-Sep-2020 |
| Initiation of Refunds | 30-Sep-2020 |
| Credit of Shares | 1-Oct-2020 |
| Listing | 5-Oct-2020 |
Lead Managers of Angel Broking IPO
List of Book Running and Lead/Co-Lead Manager/s
| ICICI Securities Ltd. |
| Edelweiss Financial Services Ltd. |
| SBI Capital Markets Ltd. |
Registrar of Angel Broking IPO
| Link Intime India Pvt. Ltd. |
Valuation
Company is looking at the following valuation
| Issue Size | Rs 600 Cr. |
| Pre-Issue Promoter's Holding | % |
| Post Issue Promoter's Holding | % |
| Pre-Issue Shares | - Crores |
| Post Issue Shares | - Crores |
| Post Issue Market Cap | Rs to Rs Crores |
Address of Angel Broking IPO
| Name | Angel Broking Ltd. |
| Corporate Identity Number | U67120MH1996PLC101709 |
| Contact Person | Naheed Patel, Company Secretary and Compliance Officer |
| Registered Office | 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 |
| Corporate Office | Unit 601, 6thFloor, Akruti Star, Central Road, MIDC, Andheri (East), Mumbai 400 093; Tel: +91 22 3935 7600; Fax: +91 22 3935 7699 |
| Website | www.angelbroking.com |
| investors@angelbroking.com |
Check Allotment Status of Angel Broking IPO
| Please check below or visit here to check allotment status of Angel Broking IPO |
Frequently Asked Questions (FAQ)
| Q. How to Apply for IPO ? A. IPO can be applied Online and Offline mode. Online: a) Via Netbanking of Bank website b) Via Stock brokers portal Offline: a) Collect application forms from Brokers > Fill demat details & UPI > Submit to any broker across India. b) Download forms from NSE/BSE website > Fill demat details & UPI > Submit to any broker across India. |
| Q. How to register for BHIM UPI? UPI is made mandatory by SEBI to apply for IPO's. To educate investors National Payment Corporation of India (NPCI) has come out with the useful video. This video educates on how to download BHIM UPI app and its process to register. Source: NPCI |
| What is UPI based ASBA Process ? To educate people to apply for IPO's National Payment Corporation of India (NPCI) has come out with the useful video. This video educates consumers on how the IPO process works and how subscribing for IPOs via BHIM UPI helps reduce the time and effort one needs to take for the same. Source: NPCI |
| How to calculate bid Amount? For easyness, one can use below calculator to calculate amount required for bidding of applications Source: NPCI |
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