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
Total Assets	29731.02	21592.05	21690.56	22828.67
Total Revenue	2440.86	7427.79	7626.47	7536.55
Profit After Tax	381.83	866.24	766.94	1010.52

---

Angel Broking IPO Details

Security Type	Equity
Symbol	ANGELBRKG
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
Price Band	305.00-306.00
Face Value	10
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
29.09.2020	₹306	₹10-₹15	NA
28.09.2020	₹306	₹10-₹15	NA
25.09.2020	₹306	₹10-₹15	NA
24.09.2020	₹306	₹25-₹30	NA
23.09.2020	₹306	₹45-₹40	₹280
22.09.2020	₹306	₹40-₹50	₹280
21.09.2020	₹306	₹50-₹60	₹280
20.09.2020	₹306	₹70-₹60	₹300
19.09.2020	₹306	₹80-₹90	₹300
19.09.2020	₹306	₹100-₹110	₹300
18.09.2020	₹306	₹120-₹125	₹350
17.09.2020	₹306	₹100-₹110	₹300
16.09.2020	₹306	₹100-₹110	₹300

IPO Subscription Details of Angel Broking Ltd.

SUBSCRIPTION (CATEGORY WISE)	SHARES OFFERED	DAY 1	DAY 2	DAY 3
QIB	3,934,425	0.00x	0.00x	5.74x
NII	2,950,820	0.16x	0.31x	0.69x
Retail	6,885,246	1.46x	2.79x	4.31x
Total	13,770,491	0.76x	1.46x	3.94x

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.

Featured Articles

What is IPO?

List of Upcoming IPOs 2020

List of Past IPOs