Angel One IPO Review, Dates, Price Bands, Market Lot, Angel One IPO Grey Market Price Details
The market is abuzz with IPO offerings this week. After the Chemcon IPO that got fully subscribed within two hours on Monday, brokerage firm Angel One is all set to hit Dalal Street on Tuesday, 22 September.
The company will be selling 1,96,72,130 shares through the issue in order to raise Rs 601.96 crore from the primary market. At the upper end of the price band of Rs 305-Rs 306, the issue is asking for a valuation of 26.84 times FY20 earnings.
About Angel One
Angel One Limited (formerly known as Angel One Private Limited) is a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Metropolitan Stock Exchange of India (MSEI), NCDEX & MCX. Angel One Limited (formerly known as Angel One Private Limited) is also registered as a Depository Participant with CDSL.
Angel 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). We are a technology-led financial services company providing broking and advisory services, margin funding, loans against shares (through one of our Subsidiaries, AFPL) and financial products distribution to our clients under the brand “Angel One”.
Angel One 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. We have had more than 4.39 million downloads of our Angel One mobile application and nearly 1 million downloads of our Angel BEE mobile application as of June 30, 2020, which enable our clients to avail our services digitally. Digital marketing has enabled our Company to garner 398 million digital impressions in June, 2020 on its various online and digital platforms.
Angel customer outreach, spans across approximately 96.87% or 18,649 pin codes in India as of June 30, 2020. We manage ₹ 132,540 million in client assets and over 2.15 million operational broking accounts as of June 30, 2020.
The Net Proceeds from the fresh Issue will be utilised towards the following objects:
To meet working capital requirements; and
General corporate purposes
Angel One Financial
Company Financials:
Summary of financial Information (Restated)
Particulars
For the year/period ended (₹ 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
How to Apply for Angel One IPO?
If you have a Demat account, most banks offer the online IPO application. You can also contact the broker to apply for in Angel One ltd IPO? Most banks including the SBI bank, ICICI Bank, Axis, and Kotak bank allow the customer to apply in IPO using the Demat account.
Link Intime India Private Ltd Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: angel.ipo@linkintime.co.in Website: http://www.linkintime.co.in
Final Words
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Angel One IPO FAQs
When Angel One IPO will open?
The Angel One IPO opens on Sep 21, 2020 and closes on Sep 23, 2020.
What is Angel One IPO Listing Date?
Angel One IPO listing date is 05 October 2020. The IPO to list on NSE and BSE.
You can apply Angel IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. How to apply IPO through ASBA?
Steps to apply in Angel IPO through Zerodha
Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ‘Angel IPO’ row and click the ‘Bid’ button. Enter your UPI ID, Quantity, and Price. ‘Submit’ IPO application form. Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process for more detail.
