We have a detailed review of Angel Broking IPO. In this article will discuss release date, IPO offer price, subscription, Angel Broking IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Angel Broking is one of the largest retail broking houses in India in terms of active clients on NSE as of June 30, 2020 (Source: CRISIL Report). They are a technology-led financial services company providing broking and advisory services, margin funding, loans against shares (through one of their Subsidiaries, AFPL) and financial products distribution to their clients under the brand “Angel Broking”.
Their broking and allied services are offered through (i) our online and digital platforms, and (ii) our network of over 11,000 Authorised Persons (the “Authorised Persons”), as of June 30, 2020.
They have had more than 4.39 million downloads of their Angel Broking mobile application and nearly 1 million downloads of their Angel BEE mobile application as of June 30, 2020, which enable their clients to avail their services digitally. Digital marketing has enabled our Company to garner 398 million digital impressions in June, 2020 on its various online and digital platforms. their customer outreach, spans across approximately 96.87% or 18,649 pin codes in India as of June 30, 2020. they manage ₹ 132,540 million in client assets and over 2.15 million operational broking accounts as of June 30, 2020.
Angel Broking Limited Promotors
Dinesh D. Thakkar, Ashok D. Thakkar and Sunita A. Magnani are the promoters of the company.
Lead Managers of Angel Broking Ltd.
- ICICI Securities Limited
- Edelweiss Financial Services Limited
- SBI Capital Markets Limited
Financials of Angel Broking Ltd.
|Particulars (Rs. in Million)||30/06/20||31/03/20||31/03/19||31/03/18|
|Profit After Tax||381.83||866.24||766.94||1010.52|
Angel Broking IPO Details
|Issue Period||22 Sep 2020 to 24 Sep 2020|
|IPO Market Timings||10.00 am to 5.00 pm|
|Issue Size – No. of Shares||1,96,72,130|
|Market Lot||49 Shares|
|List at||NSE, BSE|
Tentative Date/ Timetable of Angel Broking IPO
|Bid/Offer Opens On||Sep 22, 2020|
|Bid/Offer Closes On||Sep 24, 2020|
|Finalisation of Basis of Allotment||Sep 29, 2020|
|Initiation of Refunds||Sep 30, 2020|
|Credit of Shares to Demat Acct||Oct 1, 2020|
|IPO Shares Listing Date||Oct 5, 2020|
Angel Broking IPO Latest Grey Market Premium (GMP)
|DATE||OFFER PRICE||GREY MARKET PREMIUM||KOSTAK RATES|
IPO Subscription Details of Angel Broking Ltd.
|SUBSCRIPTION (CATEGORY WISE)||SHARES OFFERED||DAY 1||DAY 2||DAY 3|
IPO Allotment status of Angel Broking Ltd.
Angel Broking IPO Allotment Status can be checked here by clicking to find the IPO Allotment Status. Allotment of Equity Shares as per the Fresh Issue and move of the Offered Shares of the Promoter Selling Shareholders compliant with the Offer available to be purchased to the effective Bidders.
Company Contact Information
Angel Broking Ltd
G-1, Ground Floor, Akruti Trade Centre, Road No. 7, MIDC,
Andheri (East), Mumbai 400 093 Phone: +91 22 4000 3600
Angel Broking IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg
Vikhroli (West), Mumbai 400083
Phone: +91-22-4918 6270