Bookbuilding IPO | ₹600 Cr | Listed at BSE, NSE | Tue, Sep 22, 2020 - Thu, Sep 24, 2020
Angel Broking IPO is a book build issue of ₹600.00 crores. The issue is a combination of fresh issue of 0.98 crore shares aggregating to ₹300.00 crores and offer for sale of 0.98 crore shares aggregating to ₹300.00 crores.
Angel Broking IPO bidding started from Sep 22, 2020 and ended on Sep 24, 2020. The allotment for Angel Broking IPO was finalized on Sep 29, 2020. The shares got listed on BSE, NSE on Oct 5, 2020.
Angel Broking IPO price band is set at ₹306 per share. The lot size for an application is 49. The minimum amount of investment required by an retail is ₹14,994 (49 shares) (based on upper price). The lot size investment for sNII is 14 lots (686 shares), amounting to ₹2,09,916, and for bNII, it is 67 lots (3,283 shares), amounting to ₹10,04,598.
Edelweiss Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Angel Broking IPO RHP for detailed Information.
IPO Open
Tue, Sep 22, 2020
IPO Close
Thu, Sep 24, 2020
Issue Price
₹306 per share
Market Cap (Pre-IPO)
₹2,503.05 Cr
| IPO Date | 22 to 24 Sep, 2020 |
| Listed on | Mon, Oct 5, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹305 to ₹306 |
| Issue Price | ₹306 per share |
| Lot Size | 49 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,96,07,835 shares (agg. up to ₹600 Cr) |
| Fresh Issue | 98,03,921 shares (agg. up to ₹300 Cr) |
| Offer for Sale | 98,03,914 shares of ₹10 (agg. up to ₹300 Cr) |
| Share Holding Pre Issue | 7,19,95,003 shares |
| Share Holding Post Issue | 8,17,98,924 shares |
| BSE Script Code / NSE Symbol | 543235 / ANGELONE |
| ISIN | INE732I01013 |
Angel Broking IPO comprises a total issue size of 1,96,07,835 shares. Out of which, 98,03,916 (50.00%) are allocated to QIB, 29,41,176 (15.00%) allocated to NII 68,62,743 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 98,03,916 | 50.00% | NA |
| − Anchor Investor Shares Offered | 58,82,352 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 39,21,564 | 20.00% | NA |
| NII (HNI) Shares Offered | 29,41,176 | 15.00% | NA |
| Retail Shares Offered | 68,62,743 | 35.00% | 1,40,055 |
| Total Shares Offered | 1,96,07,835 | 100.00% |
Investors can bid for a minimum of 49 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 49 | ₹14,994 |
| Retail (Max) | 13 | 637 | ₹1,94,922 |
| S-HNI (Min) | 14 | 686 | ₹2,09,916 |
| S-HNI (Max) | 66 | 3,234 | ₹9,89,604 |
| B-HNI (Min) | 67 | 3,283 | ₹10,04,598 |
Angel Broking IPO raises ₹180.00 crore from anchor investors. Angel Broking IPO Anchor bid date is September 21, 2020.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Sep 21, 2020 |
| Shares Offered | 58,82,352 |
| Anchor Portion (₹ Cr.) | 180.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Oct 29, 2020 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Dec 28, 2020 |
Incorporated in 1996, Angel One Ltd is one of India's oldest stockbroking houses providing broking, marging funding, advisory,and financial services through brands "Angel One" and "Angel Bee" powered by "ARQ". They have a strong market presence with active clientele on the National Stock Exchange (NSE) with a market share of around 6.3% and 2.15 million operational broking accounts as of June 2020.
It's digital transformation helped it being the 4th Largest comapany in terms of active NSE clients and 2nd largest in terms of incremental NSE clients in Q1 - FY21. Angel One being a pioneer in new client activation has access to approximately 79.55 miliion persons as of June 30, 2020. From Q1 FY20 to Q1 FY21, its average daily turnover has been increased from Rs. 253,176 million to Rs. 618,945 million.
Angel One Ltd offers some of the key products and financial services to the clients:
1. Broking and Advisory 2. Margin Trading Facility 3. Investor Education 4. Loans against shares 5. Research Services Competitive Strengths 1. Strong brand name 2. Advanced technology and digitalization 3. Strong client base 4. Pan-India presence 5. Strong financial performance| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital requirements | 230.00 |
| 2 | General corporate purposes | 53.17 |
The Angel One IPO is subscribed 3.94 times on September 24, 2020 5:00:04 PM (Day 3). The public issue subscribed 4.31 times in the retail category, 5.74 times in the QIB category, and 0.69 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 5.74 | 39,34,425 | 2,25,78,514 |
| NII | 0.69 | 29,50,820 | 20,39,772 |
| Retail | 4.31 | 68,85,246 | 2,96,46,568 |
| Total | 3.94 | 1,37,70,491 | 5,42,64,854 |
The Percentage of Offer Size available for Allotment/allocation:
| Category | No. of shares | % |
|---|---|---|
|
Anchor |
58,82,353 |
30% |
|
QIB |
39,34,425 |
20% |
|
NII |
29,50,820 |
15% |
|
Retail |
68,85,246 |
35% |
|
Total |
1,96,52,844 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the BRLMs(including underwriting fee, brokerage and selling commission) | 16.50 |
| 2 | Processing feeto SCSBs, fees payable to the Sponsor Bank for Bids made by RIBs using UPIand Bankers to the Offer | 1.79 |
| 3 | Brokerageand selling commission for members of the Syndicate, SCSBs, Registered Brokers, RTAs and CDPs, as applicable | 1.52 |
| 4 | Fee payable to Registrar to the Offer | |
| 5 | Printing and stationery expenses | 1.95 |
| 6 | Advertising and marketing expenses | 2.82 |
| 7 | Listing fee, SEBI, BSE and NSE processing fee, Feepayable to legal counsels, and Miscellaneous | 9.09 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹306.00 | ₹306.00 |
| Open | ₹275.00 | ₹275.00 |
| Low | ₹256.60 | ₹257.00 |
| High | ₹296.45 | ₹296.70 |
| Last Trade | ₹275.85 | ₹275.80 |
Angel Broking IPO is a main-board IPO of 1,96,07,835 equity shares of the face value of ₹10 aggregating up to ₹600 Crores. The issue is priced at ₹306 per share. The minimum order quantity is 49.
The IPO opens on Tue, Sep 22, 2020, and closes on Thu, Sep 24, 2020.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Angel Broking IPO using UPI as a payment gateway. Zerodha customers can apply in Angel Broking IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Angel Broking IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Angel Broking IPO opens on Tue, Sep 22, 2020 and closes on Thu, Sep 24, 2020.
Angel Broking IPO lot size is 49, and the minimum amount required for application is ₹14,994.
You can apply in Angel Broking IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Angel Broking IPO will be done on Tuesday, September 29, 2020, and the allotted shares will be credited to your demat account by Thu, Oct 1, 2020. Check the Angel Broking IPO allotment status.
The Angel Broking IPO listing date is on Mon, Oct 5, 2020.
