The eighth IPO of 2020, Angel broking IPO is ready to hit the Dalal Street on 22 September 2020. The firm is aiming to raise 601 crores through the IPO.
Angel Broking Ltd
Angel Broking Ltd is one of India’s oldest stockbroking houses providing broking, margin funding, advisory, and financial services through brands “Angel Broking” 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.
Objective of the Issue
- To meet working capital requirements.
- General corporate purposes.
Basic details about Angel broking.
| Full name | Angel Broking Ltd |
| Sector | Finance |
| Industy | Finance/Stockbroking |
| Company Website | www.angelbroking.com |
Dates to remember
| IPO Open | 22 September 2020 |
| IPO Close | 24 September 2020 |
| Basis of Allotment | 29 September 2020 |
| Refunds date | 30 September 2020 |
| Credit to Demat Account | 01 October 2020 |
| Listing Date | 05 October 2020 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹600-₹601.97 crores |
| Number of shares offered to the public | 19,672,130 shares |
| Face value | ₹10 per equity share |
| Price band | ₹305-₹306 per equity share |
| Retail portion | 35% |
| Lot size | 49 Nos |
| Minimum application | 1 lot – 49 shares |
| Maximum application | 13 lot – 637 shares |
| Minimum application amount | ₹14994 |
| maximum application amount | ₹1,94,922 |
| Listing Exchange | BSE, NSE |
Offer Size by Investor Category
| Category | No. of shares | % |
|---|---|---|
| Anchor | 58,82,353 | 30% |
| QIB | 39,34,425 | 20% |
| NII | 29,50,820 | 15% |
| Retail | 68,85,246 | 35% |
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
More details about the Angel Broking
Angel broking was Incorporated in 1996. Its digital transformation helped it being the 4th Largest company in terms of active NSE clients and 2nd largest in terms of incremental NSE clients in Q1 – FY21. Angel Broking is a pioneer in new client activation has access to approximately 79.55 million persons as of June 30, 2020. From Q1 FY20 to Q1 FY21, its average daily turnover has been increased from ₹ 253,176 million to ₹ 618,945 million.
Services
- Broking and Advisory
- Research Services
- Stock trading education
- Loans against shares
- Margin Trading Facility
Qualities
- 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
Strengths
- Pan-India presence
- Strong financial performance
- Advanced technology and digitalization
- Powerful brand name
- Strong client base
Financial Summary
| Particulars | For the year/period ended (₹ in Million) | |||
|---|---|---|---|---|
| 30 June 2020 | 31 March 2020 | 2019 March 31 | 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 |
Valuation of Angel Broking (as of FY2020)
| Earnings Per Share (EPS) | ₹11.44 |
| Price/Earnings (PE ratio) | 26.66 – 26.75 |
| Return on Net Worth (RONW) | 13.92% |
| Net Asset Value (NAV) | ₹82.15 per share |
Company Promoters
- Dinesh D. Thakkar
- Ashok D. Thakkar
- Sunita A. Magnani
Promoter holding pre IPO: 65.41%
Lead managers
- ICICI Securities Limited
- Edelweiss Financial Services Limited
- SBI Capital Markets Limited
Registrar of Angel Broking IPO
Link Intime India Pvt Ltd
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: angel.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Angel Broking Contact Details
Angel Broking Limited
Unit 601, 6th Floor, Akruti Star,
Central Road, MIDC, Andheri (East), Mumbai 400 093
Phone: +91 22 3935 7600
Email: investors@angelbroking.com
Website: www.angelbroking.com
Angel Broking IPO Allotment Status
Angel Broking IPO allotment status will be available on Link Intime’s website.
Click on this link to get allotment status.
Angel broking IPO subscription status
No. of Times Issue Subscribed (BSE + NSE) | ||||
|---|---|---|---|---|
| As on Date & Time | QIB | NII | RII | Total |
| Shares Offered | 3,934,425 | 2,950,820 | 6,885,246 | 13,770,491 |
| Sep 24, 2020 17:00 | 5.74x | 0.69x | 4.31x | 3.94x |
Final thoughts
Angel broking IPO is going to hit Dalal street after the huge success of the happiest minds IPO and route mobiles IPO. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.
happy investing
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