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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 ₹306.00 per share . The lot size for an application is 49. The minimum amount of investment required by an retail is ₹14,945 (49 shares). 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 Date | September 22, 2020 to September 24, 2020 |
| Listing Date | October 5, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹305 to ₹306 per share |
| Issue Price Final | ₹306 per share |
| Lot Size | 49 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,96,07,835 shares (aggregating up to ₹600.00 Cr) |
| Fresh Issue | 98,03,921 shares (aggregating up to ₹300.00 Cr) |
| Offer for Sale | 98,03,914 shares of ₹10 (aggregating up to ₹300.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,19,95,003 shares |
| Share Holding Post Issue | 8,17,98,924 shares |
Angel One IPO offers total 1,96,07,835 shares. Out of which 98,03,916 (50.00%) allocated to QIB, 39,21,564 (20.00%) allocated to QIB, 29,41,176 (15.00%) allocated to NII, 68,62,743 (35.00%) allocated to RII and 58,82,352 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Angel Broking IPO opens on September 22, 2020, and closes on September 24, 2020.
| IPO Open Date | Tue, Sep 22, 2020 |
| IPO Close Date | Thu, Sep 24, 2020 |
| Tentative Allotment | Tue, Sep 29, 2020 |
| Initiation of Refunds | Wed, Sep 30, 2020 |
| Credit of Shares to Demat | Thu, Oct 1, 2020 |
| Tentative Listing Date | Mon, Oct 5, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 24, 2020 |
Investors can bid for a minimum of 49 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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| Particulars | For the year/period ended (Rs in Million) | ||||
|---|---|---|---|---|---|
| 30 June 2020 | 31 March 2020 | 31 March 2019 | 31 March 2018 | ||
| Total Assets | 29,731.02 | 21,592.05 | 21,690.56 | 22,828.67 | |
| Total Revenue | 2,440.86 | 7,427.79 | 7,626.47 | 7,536.55 | |
| Profit After Tax | 381.83 | 866.24 | 766.94 | 1,010.52 | |
The Company Angel Broking IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet working capital requirements | 230.00 |
| 2 | General corporate purposes | 53.17 |
[Dilip Davda] ABL has geared itself for pure digital play in the securities market and become the largest retail broking firm in India. Considering rising trends for stock market investments and an increasing number of investors, this company is poised for bright prospects ahead. Investors may consider investment for the long term. Read detail review...
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 |
| Listing Date | October 5, 2020 |
| BSE Script Code | 543235 |
| NSE Symbol | ANGELONE |
| ISIN | INE732I01013 |
| Final Issue Price | ₹306 per share |
| BSE Listing Group | B |
Angel Broking Ltd.
G-1, Ground Floor, Akruti Trade Centre,
Road No. 7, MIDC,
Andheri (East), Mumbai 400 093
Andheri, Maharashtra
Phone: +91 22 4000 3600
Email: investors@angelbroking.com
Website: https://www.angelbroking.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: angel.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Angel Broking IPO is a main-board IPO of 1,96,07,835 equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. The issue is priced at ₹306 per share. The minimum order quantity is 49.
The IPO opens on September 22, 2020, and closes on September 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 September 22, 2020 and closes on September 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 Thursday, October 1, 2020. Check the Angel Broking IPO allotment status.
The Angel Broking IPO listing date is on Monday, October 5, 2020.
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