Angel Broking IPO Listing Date & Time | Angel IPO Listing Gain

Angel Broking IPO Review, Dates, Price Bands, Market Lot, Angel Broking 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 Broking 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 Broking

Angel Broking Limited (formerly known as Angel Broking Private Limited) is a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Metropolitan Stock Exchange of India (MSEI), NCDEX & MCX. Angel Broking Limited (formerly known as Angel Broking 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 Broking”.

Angel 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. We have had more than 4.39 million downloads of our Angel Broking 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.

Angel Broking IPO – Issue Details:

Issuer Angel Broking LTD
Issue Type Book Built Issue IPO
Issue Period Issue Opens: Sep 22, 2020
Issue Closes: Sep 24, 2020
Price Brand ₹305 to ₹306 per equity share
Issue Size ₹600 Crores (Approx)
Face Value Rs.10 per Equity Share
Market Lot 12 Shares and in multiples thereof
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Offer for Sale ₹300.00 Cr
Fresh Issue ₹300.00 Cr
Listing at NSE & BSE
DEMAT OPEN Free Angel Broking DEMAT Account
Book Running Lead Managers  
Grey Market Price Angel Broking IPO Grey Market Premium
Upcoming IPO 2020 Upcoming NCD 2020
CHEMCON IPO UTI AMC IPO
CAMS IPO Route Mobile IPO

Angel Broking IPO Listing Date & Time

Angel Broking IPO GMP Today

Angel Broking IPO Dates & Price Band

 IPO Open:  22 September 2020
 IPO Close:  24 September 2020
 IPO Size:  Approx ₹600 Crore (Approx)
 Face Value:  ₹10 Per Equity Share
 Price Band: ₹305 – ₹306  Per Share
 Listing on:  BSE & NSE
 Retail Portion:  35%
 Equity: 1,96,07,842 Shares

Angel IPO Market Lot:

 Lot Size: Minimum 49 Shares & Maximum 637 Shares
 Minimum Amount:  ₹14,994
 Maximum Amount: ₹194,922

Angel IPO Allotment & Listing:

 Basis of Allotment: 29 September 2020
 Refunds: 30 September 2020
 Credit to Demat Account: 01 October 2020
 Listing Date: 05 October 2020

Objects of the Issue:

The Net Proceeds from the fresh Issue will be utilised towards the following objects:

  1. To meet working capital requirements; and
  2. General corporate purposes

Angel Broking 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 Broking 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 broking 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.

How to Apply Angel IPO With Kotak bank Internet banking?

Company Contact Info:
Angel Broking Ltd G-1, Ground Floor, Akruti Trade Centre, Road No. 7, MIDC, Andheri (East), Mumbai 400 093 Phone: +91 22 4000 3600 Email: investors@angelbroking.com Website: https://www.angelbroking.com/
What is IPO? आईपीओ क्या हैं? आईपीओ का फुल फॉर्म क्या है?
Angel Broking IPO Registrar:
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

 

Angel Broking IPO Allotment status

Link Intime Website (Click on the below Link)

https://www.linkintime.co.in/IPO/public-issues.html

Final Words

Dear readers, I hope that the above information about Angel Broking IPO has been of great use. If you find the above information useful please share it with others via Facebook and Twitter. You can check more investment researched videos on our YouTube Channel.

It is important to be financially literate to make a well-informed investment decision. Stay tuned for more updates. Like, share and subscribe. Drop your comment, queries or feedback in the given below comment box. We would love to hear from you. Thanks and have a nice day.

Angel Broking IPO FAQs

When Angel Broking IPO will open?

The Angel broking IPO opens on Sep 21, 2020 and closes on Sep 23, 2020.

What is Angel Broking IPO Listing Date?

Angel broking IPO listing date is 05 October 2020. The IPO to list on NSE and BSE.

What is Angel Broking IPO Allotment Date?

Angel IPO allotment date is 29 September 2020. You can check IPO allotment here.

How to Apply Angel Broking IPO?

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here